Chevron Technology Ventures (CTV), is the corporate venturing and innovation unit of the US-based oil major Chevron. It was set up in 1999 and was led by Barbara Burger from 2013 until earlier this year.
Kemal Anbarci is CTV’s managing venture executive, and has been with the parent company for three decades. The unit was created to “identify and integrate externally developed technologies and new business solutions with the potential to enhance the way Chevron produces and delivers affordable, reliable and ever-cleaner energy now and into the future”.
In the past 12 months, CTV has invested in a wide range of early-stage businesses, including wearable microfluidics platform Epicore Biosystems, voice communication developer Mobilus Labs, and Sapphire Technologies, a manufacturer of energy-recovery systems. The unit has invested in more than 100 companies to date.
In 2018, CTV launched its first Future Energy Fund, with Luis Alcoser joining as general manager. The fund was designed to support innovation in areas such as carbon capture, emerging mobility and energy storage. Last year, the $300m Future Energy Fund II was set up to focus on industrial decarbonisation, emerging mobility, energy decentralisation and the growing circular carbon economy.
Anbarci has a master’s degree in operations research and a PhD in petroleum and natural gas engineering from Pennsylvania State University, and an MBA from University of California Irvine. He also has a degree in petroleum engineering from Middle East Technical University, Ankara, Turkey.
Prior to joining CTV, Alcoser spent more than 22 years working in a variety of roles across the global energy sector. He has a degree in natural gas engineering and a master’s degree in petroleum engineering from Texas A&M University, an MBA and a master of finance degree from Tulane University, as well as a law degree (JD) from the University of Houston.
