HOUSTON, Nov. 8, 2021 /PRNewswire/ -- Lummus Technology
announced that it has executed a memorandum of understanding (MoU)
with Braskem Netherlands B.V., a subsidiary of Braskem, the largest
biopolymer producer in the world. The MOU is for the licensing of
Braskem's green ethylene technology for two ethanol to ethylene
conversion projects under development in North America and Asia, signaling a global interest in the
technology.
"Our partnership with Braskem is a very important building block
that will strengthen Lummus' technology leadership in the energy
transition," said Leon de Bruyn,
President and Chief Executive Officer of Lummus Technology. "As
the world's largest ethylene technology provider, Lummus
is confident in the green solutions we will be able to develop
together with Braskem, the world's largest biopolymer producer
and recognized for its role in the circular economy.
Our collective expertise, experience and resources will
accelerate circularity in our industry and help our customers
decarbonize their investments and produce greener products."
"Braskem and Lummus are joining their expertise to foster the
development of the sustainable chemistry", highlighted Walmir Soller, Braskem's VP Olefins/Polyolefins
for Europe and Asia and Global Leader for the Green PE
Business. "Braskem, with more than ten years producing Green
Ethylene out of Ethanol from sugar cane, together with Lummus, with
its process and technology licensing competences, will provide a
solid basis for the growth of this green alternative that allows
the use of carbon captured from the atmosphere into plastics and
other chemical products, contributing to fight Climate Change."
In addition to the MoU, Lummus and Braskem are discussing a
long-term agreement for Lummus to license Braskem's green ethylene
technology as a way to accelerate the chemical industry's use of
renewable feedstock and fight climate change, converting circular
carbon from the atmosphere into plastic as an alternative for oil.
This aligns with both organizations' goals to help reduce carbon
emissions and play a significant role in the energy transition and
circular economy.
This MoU also reflects Lummus' strategic business direction,
through its subsidiary Green Circle, as a leader in commercializing
and developing breakthrough solutions to address the key pillars of
the energy transition, including end-of-life waste plastics
recycling, production of bio-derived sustainable chemicals and
decarbonization strategies for existing and new assets.
Recognized as a market leader in ethylene technology, Lummus has
licensed more than 120 ethylene plants around the world, accounting
for approximately 40 percent of global ethylene capacity. Lummus
has also completed over 200 ethylene grassroots, revamp and
expansion design projects, more than any competing technology
licensor.
Braskem is the global leader in bioplastic, and for more than a
decade has been producing green polyethylene using ethanol from
sustainably sourced sugarcane for its production.
About Lummus Technology
Lummus Technology is the
global leader in developing process technologies that make modern
life possible and focus on a more sustainable, low carbon future.
Lummus is a master licensor of clean energy, petrochemical,
refining, gas processing and renewable technologies, and a supplier
of catalysts, proprietary equipment, digitalization and related
lifecycle services to customers worldwide. To learn more about
Lummus, visit www.LummusTechnology.com.
About Braskem
With a global vision of the future,
guided by people and sustainability, Braskem is engaged in
contributing to the value chain to strengthen the Circular Economy.
The petrochemical producer's 8,000 team members are dedicated every
day to improving people's lives through sustainable solutions in
chemistry and plastics. With its corporate DNA rooted in
innovation, Braskem offers a complete portfolio of plastic resins
and chemical products for various industries, such as food
packaging, construction, manufacturing, automotive, agribusiness,
health and hygiene, and more. With 40 industrial units in
Brazil, United States, Mexico and Germany and net revenue of R$58.5 billion (US$11.4
billion), Braskem exports its products to clients in over
100 countries.
To learn more about Braskem, visit www.braskem.com.
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SOURCE Lummus Technology, LLC