Lummus Technology, a global provider of process technologies and value-driven energy solutions, has partnered with Brazilian petrochemical major and biopolymer producer Braskem, to license commercial green ethylene technology and accelerate the use of renewable bioethanol in the production of chemicals and plastics. This partnership will enable the license of the technology globally.
The partnership will also help Braskem achieve its recently announced target to produce 1 million tons of I’m green polyethylene by 2030. Lummus brings the requisite knowledge and skills to the collaboration to shorten the timeline to the target, while at the same time extending the geographic reach of the technology. The demand for green ethylene is growing and the licensing of a proven technology that has been used for more than 10 years provides the necessary confidence for future investments.
“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 decarbonise their assets and produce greener products,” said Leon de Bruyn, president and CEO of Lummus Technology. Together, Braskem and Lummus are ensuring the growth of green ethylene production worldwide.
The global leader in developing and implementing process technologies, including ethylene production technologies, Lummus has licensed approximately 40 percent of global ethylene capacity, giving the company the technical capability and licensing expertise to further develop and market the technology behind green ethylene. The first two projects are already being developed in the U.S. and Thailand, although the latter is still under evaluation and subject to the approvals of the respective governance bodies.
“We are truly excited with this partnership, which helps the world diversify the feedstock sources for chemicals and plastics with biomass,” added De Bruyn.