08 Jul Chevron Signs Technology Licensing Agreement
(Oilandgaspress) 08/07/26, – 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.
“Technology creates more value when it can be applied broadly,” said Ryder Booth, chief technology and engineering officer of Chevron Corporation. “Advanced chemicals are one of Chevron’s areas of differentiation and have supported innovation in our own operations. Through this licensing agreement, we’re creating a pathway for ZL to bring this technology to a broader market, and at scale.”
Under the agreement, ZL will commercialize and market products and services under the Vantis™ brand utilizing the licensed technology. The Vantis™ product offering is expected to support applications in shale and tight reservoirs, including base well enhanced oil recovery programs and new well-optimization efforts.
The agreement combines Chevron’s technology development expertise with ZL’s commercial capabilities and customer relationships. Chevron will continue developing next-gen advanced surfactant technology for its business, while ZL will commercialize products and services using the technology licensed under this agreement.
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