Chevron has submitted an application to Texas authorities for a $5 billion low-carbon hydrogen and ammonia production facility in Port Arthur. This project is part of the company's strategic commitment to energy transition and the growing importance of hydrogen in future energy systems. Chevron aims to start construction in 2027 and commence commercial operations by 2032, coinciding with the U.S. Inflation Reduction Act's clean hydrogen production tax credit. By participating in the HyVelocity Hub project and seeking property tax reductions, Chevron plans to maximize tax benefits and leverage existing assets in Texas and southwestern Louisiana. The collaboration with ExxonMobil and other companies in developing a hydrogen ecosystem not only promotes clean energy but also fosters job creation. This investment marks a significant step towards a low-carbon future and demonstrates Chevron's proactive approach in adapting to the evolving energy landscape.