Lummus Technology signs MOU with Braskem to license its green ethylene technology
In Texas, 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.
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.
Category: Fuels
