Lummus Selected for Butadiene Extraction Award from KPIC

- KPIC in Korea will benefit from technology's low operating, maintenance and investment costs

- Safest butadiene extraction solvent commercially available; supported by Lummus' and BASF's extensive experience

- New plant will produce valuable butadiene and co-produce feed for olefins conversion unit

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May 25, 2021, 10:00 ET

HOUSTON, May 25, 2021 /PRNewswire/ -- Lummus Technology today announced an award for its butadiene extraction (BDE) technology from Korea Petrochemical Ind. Co., Ltd. (KPIC). The BDE unit will be part of KPIC's Onsan Chemical Plant in Ulsan, Republic of Korea.

"With this award, KPIC is recognizing the value and experience that Lummus offers in terms of providing a butadiene extraction technology with the most environmentally-friendly design and the largest global market share," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. "We look forward to strengthening our partnership with KPIC and supporting their production of value-added products at Onsan."

The project scope for this award includes the technology license, basic engineering and training services. Once complete, the unit will produce 146,000 MTA of butadiene, which will also lead to the production of more valuable products from existing C4 streams and generate feed for an existing olefins conversion unit.

Lummus has been licensing the BASF BDE technology since 1990. This technology, which is based on using the n-methylpyrrolidone solvent, is the preferred butadiene extraction technology worldwide. The key advantages are its low operating, investment and maintenance costs, its environmentally-friendly design, and Lummus' extensive worldwide experience licensing this technology for commercial use. Click here to learn more about the technology and its advantages.

About Lummus Technology
With a heritage spanning more than 110 years and a focus on innovation that has resulted in approximately 130 technologies and 3,400 patents, Lummus Technology is the global leader in developing process technologies that make modern life possible and focus on a more sustainable, low carbon future. We are a Master Licensor of petrochemical, refining, gasification, gas processing and sustainable technologies, and a supplier of catalysts, proprietary equipment and related services to customers worldwide. To learn more about the new Lummus, visit www.LummusTechnology.com.

SOURCE Lummus Technology, LLC