Lummus will serve as the exclusive licensor for phenolics technologies, which ranges from Cumene to Cyclohexanone Oxime.
Both companies will also collaborate on engineering, marketing and licensing, as well as providing proprietary catalysts and equipment for both processes.
R. Lemoine, Chief Business Officer for Advanced Materials and Energy Solutions, Lummus Technology said:
- we have a strong partnership with Versalis, and this agreement reinforces our shared commitment to providing technologies that drive efficiency, reliability and sustainability for our customers;
- adding these technologies will strengthen our competitive position in the phenolics value chain and allow us to offer customers more complete, end-to-end solutions that span textiles, plastics and other key markets.
- we continue to be focused on developing our proprietary technologies for possible new applications and markets. Expanding the partnership with Lummus will strengthen our efforts in this strategic direction;
- with this partnership, leveraging our recognized advantages in R&D and IP, we can further enhance our know-how on technologies and catalysts in the phenolics value chain and expand the technology network in synergy with our partner.
Lummus and Versalis began collaborating in the late 2000s with similar technology partnerships for Dimethyl Carbonate and Diphenyl Carbonate technologies.
