Bioethanol Lummus Collaborates with Braskem to License Green Ethylene Technology
Under the terms of the agreement, Lummus and Braskem will focus on global licensing of commercial green ethylene technology in order to accelerate the use of bioethanol for developing chemicals and plastics. The initiative supports the carbon neutral circular economy.
Houston/USA – Lummus Technology has announced a partnership with Braskem, the largest biopolymer producer in the world, to license green ethylene technology. Lummus and Braskem will license worldwide technology to produce green ethylene and accelerate the use of bioethanol for chemicals and plastics, supporting the industry’s efforts towards a carbon neutral circular economy.
“We are truly excited with this partnership, which helps the world diversify the feedstock sources for chemicals and plastics with biomass. Leveraging the combined experience and expertise of Lummus and Braskem to produce green ethylene thus reduces carbon footprint and plays a promising role in the energy transition,” said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. “Braskem has already been operating the technology successfully at large scale, and together we are going to expand the world's production of low carbon chemicals and polymers from renewable feedstocks, helping our customers decarbonize their assets and produce greener products.”
This partnership enables the license of the technology globally with the first two projects being developed in the U.S. and Thailand; the later still under evaluation and subject to the approvals of the respective governance bodies.
Walmir Soller, VP Olefins/Polyolefins Braskem Europe & Asia and CEO Braskem Netherlands said, “With this initiative, we believe we are also contributing with an alternative for the industry to move towards a carbon neutral circular economy.”