Chevron and ZL Chemicals sign surfactant technology agreement

• Chevron Technical Center executed a technology licensing agreement with ZL Chemicals.
• ZL Chemicals will commercialize Chevron-developed chemical surfactant technology under the new Vantis brand.
• The specialized chemical offering will support enhanced oil recovery across shale and tight unconventional reservoirs.

Chevron Technical Center, a division of Chevron U.S.A. (NYSE:CVX) and a subsidiary of Chevron Corporation, has finalized a technology licensing agreement allowing ZL Chemicals to commercialize its proprietary advanced chemical surfactant technology.

Under the framework of the agreement, ZL Chemicals will market the specialized products and field applications globally under its newly designated Vantis™ brand.

"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."

The Vantis™ product portfolio is tailored to optimize operations in unconventional shale and tight reservoirs, specifically targeting base well enhanced oil recovery programs and new well-optimization processes.

Following the announcement, Chevron's share price was trading up at $174.88.

The commercial alliance pairs Chevron's multi-decade laboratory development and chemical engineering expertise with ZL Chemicals' established manufacturing, distribution, and field service footprint.

While ZL focuses on delivering the scalable turnkey technology—spanning lab evaluation, quality assurance, application design, and on-site deployment—Chevron will continue to develop its own next-generation advanced surfactant technologies internally.