SAN RAMON (dpa-AFX) - Chevron New Energies International Pte, Ltd. and Mitsui Oil Exploration Co., Ltd or MOECO signed a Joint Collaboration Agreement to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. the companies said in a statement.
The companies noted that the collaboration will study geothermal resource potential across Japan and will evaluate the effectiveness of Advanced Closed Loop (ACL) technology for a future joint pilot project in Japan. Both companies may also assess potential collaboration for advanced geothermal technology opportunities using ACL globally.
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