MOECO and Chevron to Explore Advanced Closed Loop Geothermal Pilot in Hokkaido, Japan

TOKYO, June 22, 2023--Chevron New Energies Japan GK (Chevron New Energies Japan), a subsidiary of Chevron U.S.A. Inc., and Mitsui Oil Exploration Co., Ltd (MOECO) today announced execution of definitive agreements to proceed with the pilot testing of advanced geothermal technology. Pursuant to these agreements, Chevron and MOECO will conduct pilot tests of a developing novel geothermal technology, specifically advanced closed loop (ACL) technology.

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