Lummus Technology and Sumitomo Chemical Collaborate to Drive Innovation in Sustainable Technologies
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- Published: Thursday, 23 May 2024 11:02
In a significant move towards advancing sustainable solutions, Lummus Technology and Sumitomo Chemical have announced two collaboration agreements aimed at licensing and commercializing proprietary technologies. These agreements mark a strategic partnership between two industry leaders in process technologies and environmentally friendly solutions.
Under these agreements, Lummus Technology becomes the exclusive worldwide licensor for both technologies developed by Sumitomo Chemical. This partnership enables Sumitomo Chemical to deliver its innovative technologies to a global customer base, leveraging Lummus' extensive marketing reach and engineering expertise.
One of the key focus areas of collaboration is the development of the rPMMA (recycled polymethyl methacrylate) technology. Building upon the progress achieved at Sumitomo Chemical's pilot plant in Japan, both companies are committed to advancing the commercialization of this technology. The goal is to contribute to the creation of a more carbon-neutral society by promoting efficient recycling of end-of-life materials.
Leon de Bruyn, President and CEO of Lummus Technology, expressed enthusiasm about the partnership, highlighting the alignment of Sumitomo Chemical's polyolefin technology leadership with Lummus' global marketing and design capabilities. He emphasized their joint commitment to leveraging collective strengths in the circular economy to scale up technologies like rPMMA, thereby converting various feedstocks into final polymers efficiently.
Seiji Takeuchi, Senior Managing Executive Officer for the Essential Chemicals & Plastics Sector at Sumitomo Chemical, echoed the sentiment, emphasizing their dedication to green transformation initiatives. He outlined Sumitomo Chemical's commitment to achieving carbon neutrality, biodiversity conservation, and societal contributions. Takeuchi praised Lummus' extensive portfolio of competitive technologies for ethylene production and polymer technologies, making them an ideal partner to expand Sumitomo Chemical's technologies worldwide.
This collaboration underscores the importance of industry partnerships in driving innovation and sustainability. By combining their expertise, Lummus Technology and Sumitomo Chemical aim to accelerate the adoption of environmentally friendly technologies, paving the way for a more sustainable future.