Lummus and Braskem Partner to License Technology for Two Green Ethylene Projects

- Lummus and Braskem execute MoU for joint licensing two projects of leading technology to produce green ethylene from ethanol based on Braskem's process operated at their plant in Triunfo, Brazil

- Leveraging Lummus and Braskem's extensive experience and expertise, cooperation has potential to impact the global production of low carbon bio-polymers and shape the energy transition

- Companies discussing long-term agreement to license green ethylene technology that will increase use of renewable feedstocks for the production of bio-plastics as an alternative to oil

News provided by

Lummus Technology, LLC

Nov 08, 2021, 10:39 ET

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.

SOURCE Lummus Technology, LLC