Lummus Technology and TCG in Digital Venture
Lummus Technology has formed a digital joint venture with TCG Digital, the flagship technology consulting and solutions company of US investment firm The Chatterjee Group.
The jv, called Lummus Digital, will work with Lummus’ existing customers as well as potential new customers to implement digital analysis and operative solutions to their refining, petrochemical and gas processing plants, as well as across the hydrocarbon processing value chain.
“Lummus Digital is another new and critical initiative we are launching to ensure our position as a leader of our industry and at the forefront of innovation,” said Leon de Bruyn, president and CEO of Lummus Technology.
Purnendu Chatterjee, founder and chairman of The Chatterjee Group, added that the partnership will “co-create and innovate with other areas of the group like TCG Crest, our research university LabVantage and Haldia Petrochemicals.”
The jv will leverage the tcg mcube data platform to provide big data, advanced analytics, artificial intelligence, process simulations, proprietary know-how and 24/7 advisory services.
In June, Haldia Petrochemicals, owned by The Chatterjee Group, and investment funds affiliated with Rhone Capital, jointly acquired Lummus from McDermott International for $2.725 billion.
China PP contract
In separate news, Lummus Technology announced it has won a contract from Shandong Yulong Petrochemical, a subsidiary of China’s Nanshan Group, to provide technology for several plants at a mega complex to be built in Shandong province.
Lummus will provide licensing services for two mixed-feed crackers, two PP lines and an ethylbenzene/styrene monomer (EB/SM) plant.
The crackers will use Lummus’ ethylene technology, incorporating its Short Residence Time (SRT) VII cracking heaters. The EB/SM units will utilize Lummus/UOP EBOne and Classic SM technologies, respectively, while the PP unit will be based on the Novolen process.
Author: Elaine Burridge, Freelance Journalist
