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Chevron invests in lower-carbon pilot projects in Australia

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Aug 10 (Reuters) - Chevron said on Thursday it would invest in two lower-carbon pilot projects in Western Australia.

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.

(Reporting by Sourasis Bose in Bengaluru; Editing by Shinjini Ganguli)

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