The energy major would provide funding to Carbon Sync, which is leading a soil carbon sequestration pilot project as well as a research project with Deakin University to explore potential carbon dioxide sequestration opportunities in the region's coastal wetlands.
The financial details of the investments were not disclosed.
Chevron plans to invest $10 billion in lower-carbon projects through 2028, as the industry has made such initiatives central to its net-zero strategies.
