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Lummus, TCG form digital JV

November 19/2020

MOSCOW (MRC) -- Lummus Technology has formed a joint venture (JV) with TCG Digital aimed at the implementation of digital analysis and operative solutions for refining, petrochemical, and gas processing facilities, reported Chemweek.

The new JV business, Lummus Digital, will work with Lummuss existing customers and potential clients, it says. TCG Digital and Lummus Technology are both subsidiaries of The Chatterjee Group (TCG; New York). The partnership will enable both companies to build on their core competencies and strengths, addressing the fast-evolving needs of the refining and petrochemicals industry, says Debdas Sen, TCG Digital CEO.

Lummus Digital will work with asset operators to provide big data, advanced analytics, artificial intelligence, process simulations, proprietary know-how, and advisory services, it says. The focus will be on digitalizing operations and assets to make them more profitable, efficient, safe, and to provide flexibility to quickly adapt operations to take advantage of changing market dynamics, it adds.

Lummus Technology was acquired in July from McDermott International for USD2.725 billion by Haldia Petrochemicals (Haldia, India), TCGs flagship company, and investment funds affiliated with Rhone Capital.

As MRC informed earlier, in October, 2020, Lummus Technology announced that it had 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 Shurtans 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 1,594,510 tonnes in the first nine months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE) shipments increased.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, PP random copolymer, propylene, HDPE, ethylene, gas processing, petrochemistry, Lummus Technology, Shurtans Gas-Chemical Plant, Russia, Uzbekistan.
Category:General News
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