Chevron And ZL Chemicals Announce Technology Licensing Agreement Chemical Surfactant Technology; ZL Plans To Offer Products And Services Utilizing Licensed Technology Under Vantis Brand

Chevron Corporation

Chevron Corporation

CVX

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Vantis™ technology designed to support resource recovery in shale and tight reservoirs

Chevron Technical Center, a division of Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX), and ZL Chemicals Ltd today announced a technology licensing agreement under which ZL may commercialize Chevron-developed chemical surfactant technology. ZL plans to offer products and services utilizing the licensed technology under the Vantis™ brand.

Chevron has developed and applied advanced surfactant technology to improve resource recovery in unconventional reservoirs. This licensing agreement enables an opportunity for broader commercial deployment of this technology.