Latest news with #LummusTechnology
Trade Arabia
11-06-2025
- Business
- Trade Arabia
Chevron Lummus, Neste to convert biomass waste to renewable fuels
Chevron Lummus Global (CLG) and Neste, a leading global producer of sustainable aviation fuel and renewable diesel, announced their progress in developing new technology for converting lignocellulosic biomass into high-quality, lower-emission renewable fuels. CLG, a joint venture between Chevron US and Lummus Technology, is a leading technology provider for the production of renewable and conventional transportation fuels, premium base oils, and sustainable petrochemicals from a wide range of feedstocks. Through close collaboration at CLG's state-of-the-art R&D facility in the US, Neste and CLG have successfully demonstrated proof of concept for converting lignocellulosic waste into renewable fuels, with highly promising initial results, it stated. On the new venture, Chevron Lummus Global CEO Rajesh Samarth said: "Our collaboration and initial success demonstrate the complementary strengths of Neste and CLG to create a powerful, scalable platform to produce renewable fuel from lignocellulosic raw material." "By advancing the hydroprocessing of diverse feedstocks, we're not only expanding the possibilities for renewable fuels but also setting a new benchmark for innovation in sustainable energy," he stated. The partnership combines CLG's extensive experience and proven track record in developing and licensing market leading refining technologies with Neste's pioneering expertise and global leadership in renewable fuels. With a successful proof of concept, the partners are now advancing to the next phase - further validating the process for commercial-scale deployment and unlocking the full potential of this abundant, underutilized feedstock. Lars Peter Lindfors, Senior Vice President of Technology and Innovation at Neste, pointed out that lignocellulosic waste and residues can make an important contribution as a new and scalable raw material pool for renewable fuels. "The technology development with CLG has progressed well and we are very encouraged by the initial results. Unlocking the potential of these promising raw materials would allow us to meet the growing demand of renewable fuels in the long-term and contribute to ambitious greenhouse gas emission reduction targets," he noted.
Trade Arabia
04-06-2025
- Business
- Trade Arabia
Lummus, InnoVent sign tyre pyrolysis technology deal
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and InnoVent Renewables have signed a memorandum of understanding (MoU) to work toward licensing and deploying InnoVent's continuous tyre pyrolysis technology globally. 'This is another significant step in expanding and strengthening our portfolio for the circular economy,' said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. 'By combining InnoVent's tyre recycling technology with Lummus' global licensing and engineering expertise, we will be addressing the global challenge of waste tires and creating new pathways for sustainable product development.' Under an agreement outlined in the MoU, once finally negotiated, Lummus would serve as the exclusive licensor for InnoVent's proprietary continuous tire pyrolysis technology, which converts end-of-life tyres into valuable products such as pyrolysis oil, gas, recycled carbon black and steel. Lummus would also act as the licensor for comprehensive technology packages that combine InnoVent's tire pyrolysis process with Lummus' downstream technologies to increase the value of fuel and chemical outputs. 'Partnering with Lummus has the potential to accelerate the global deployment of our technology and help us address the environmental and public health challenges of 1 billion end-of-life tires that are disposed of annually,' said Vibhu Sharma, Chief Executive Officer, InnoVent Renewables. 'Together, we can transform waste into valuable resources, reduce carbon emissions and support the transition to a more sustainable future.'
Yahoo
02-06-2025
- Business
- Yahoo
Lummus Completes Acquisition of NAPCON from Neste, Expanding Digital and AI Capabilities
Milestone strengthens Lummus' digital portfolio and accelerates AI-driven industrial solutions for customers HOUSTON, June 2, 2025 /PRNewswire/ -- Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the successful closing of its acquisition of the NAPCON portfolio, the digital technology business of Neste. Initially announced in April 2025, the transaction includes the transfer of Neste's NAPCON intellectual property, select assets and key personnel. In April, Lummus and Neste also entered into a Strategic Collaboration Agreement to ensure continued delivery of NAPCON services to Neste and its subsidiaries. "This is a pivotal moment as we officially integrate the NAPCON digital solutions into our portfolio and welcome many new talented individuals to our team," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. "The addition of these advanced, AI-driven solutions strengthen our leadership in the digital transformation of our industry. We are now better positioned to help customers improve operational safety, performance and sustainability through more comprehensive AI and data-driven technologies." The NAPCON suite and "games" system leverages AI, advanced process controls, automation and simulation software that enhances safety, efficiency and sustainability in industrial operations. The NAPCON software has been continuously developed to meet the high demands in process profitability and competitiveness of production assets. "Lummus Technology's acquisition of the NAPCON portfolio and its subsequent licensing to Lummus Digital marks a significant step in expanding our digital capabilities," said Amitabha Sinha, co-Managing Director of Lummus Digital. "This structure ensures that Lummus Technology remains at the forefront of innovation while empowering Lummus Digital to deliver cutting-edge, AI-driven solutions to our customers." The transaction and agreement involve several partners, including Lummus Technology, Neste, Lummus Digital and Ferroman Engineering Oy. Lummus Technology, through Lummus Digital and in partnership with Ferroman, will provide the NAPCON digital services to existing licensees. Lummus Digital, a joint venture between Lummus Technology and TCG Digital, combines process engineering expertise with advanced data science to deliver digital solutions to customers. Ferroman is a transatlantic provider of automation, AI-driven optimization, digital project execution and engineering solutions for the steel and process industries. About Lummus Technology Lummus Technology is the global leader in developing technology solutions that make modern life possible and focus on a more sustainable, low carbon future. We license process technologies in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide. To learn more about Lummus, visit View original content to download multimedia: SOURCE Lummus Technology, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
