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MOSCOW (MRC) -- Lummus Technology and
New Hope Technologies announced that the companies have entered into a
cooperation agreement for the marketing and further development of a leading
plastic waste conversion technology based on thermal pyrolysis, according to Hydrocarbonprocessing.
The
agreement is part of Green Circle, Lummus’ new business entity formed to place
the company at the forefront of the circular economy and energy
transition.
“This partnership, between Lummus and New Hope, will help
reduce plastic waste through integrated processing solutions for turning
end-of-life plastics into pyrolysis oil,” said Leon de Bruyn, president and CEO
of Lummus Technology. “Lummus has a long history of successful partnerships to
commercialize newer, better technologies, and we are grateful for this
collaboration with New Hope. We will leverage the extensive expertise,
innovation and technology of both companies.”
“New Hope is excited to
partner with Lummus to create industrial scale waste plastic to circular
chemicals plants to address the over one million tons of plastic impacting the
environment daily,” according to Johnny Combs, CEO of New Hope. “New Hope and
Lummus intend to be the largest supplier of plastic waste to renewable circular
product solutions in the world, helping to support the commitments of the major
brands and producers.”
New Hope has over 10 years experience in plastic
waste conversion, and its plant in Tyler, Texas, has units that have been in
operation for over 5 years. It is one of the largest facilities in the Western
Hemisphere, having a design capacity of 150 tons per day (50,000 tons per year).
Through a proprietary feedstock preparation and reactor section design, the
technology allows for an optimized investment cost and thus higher returns for
converting plastic waste. The technology is robust and forgiving to variations
in plastic waste feedstock and contaminants.
Under the terms of the
agreement, Lummus’ Green Circle LLC will be the exclusive licensing party for
this technology and will be responsible for providing studies, basic
engineering, technical services, and proprietary equipment as part of the
technology transfer package. Green Circle is a business entity recently established by
Lummus to offer sustainable solutions including: converting plastic waste to
value-added products; production of chemicals and fuels from biomass; and
decarbonization of refinery and petrochemical assets.
As MRC reported
earlier, Lummus Technology has just announced that it has been
awarded a contract by Enter Engineering Pte. Ltd. for the Shurtan Gas Chemical
Complex in Uzbekistan. Lummus’ scope includes the design and supply of four
proprietary Short Residence Time VI and VII type cracking furnaces, which will
more than double the production of ethylene at Shurtan’s facility. Lummus was
selected due to its leading ethylene technology position and its extensive
experience with ethylene furnaces, having developed pyrolysis furnaces as part
of its proprietary equipment portfolio.
Ethylene is the main feedstock
for the production of polyethylene (PE).
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 1,496,500 tonnes in the first eight
months of 2020, up by 5% year on year. Shipments of all ethylene polymers
increased, except for linear low desnity polyethylene (LLDPE). |
