novolane PP technology is recognized for its sustainability benefits, product flexibility, minimizing capital expenditure and OPEX, and maximizing financial returns.
Houston, August 17, 2023 /PRNewswire/ — Lumus Technology, a global provider of process technologies and value-driven energy solutions, recently announced the licensing of its 100th Novolane. Polypropylene (PP) production line. This milestone highlights more than 60 years of innovation, technology leadership and growth of Lumus in the polymers market.
“Achieving 100 production lines speaks volumes about our customers’ continued confidence in our NovoLane PP technology, and their confidence is underlined by the rapid growth in awards and licensed capacity in recent years,” said. leon de bruin, President and Chief Executive Officer of Lummus Technology. “Novolen PP technology offers the lowest carbon intensity process on the market, the lowest capital expenditure and OPEX, as well as the flexibility and ability to respond rapidly to global market demands. These benefits, as well as many others, have attracted Lumus at the forefront of the polypropylene industry.”
Of the 100 licensed lines, 50 are currently operational with the oldest line running for over 45 years, and the cumulative licensed capacity of the 100 lines is over 24 MMTPA. Currently, 31 new lines are in various stages of engineering, construction or commissioning. The recent surge in demand for the technology has made NovoLane the most licensed PP technology since 2020.
“60 years after the founding of Novolane, we are pleased to see that Lumus’ polymer technologies have unlocked the full market potential of Novolane PP technology,” said. Romain Lemoine, Chief Business Officer, Polymers & Petrochemicals, Lumus Technology. “Thank you to all of our licensees for their loyalty and for working with us to continually produce products that have improved the quality of life for so many people around the world.”
BASF first developed the Novolain PP technology in 1962, and Lumus acquired the technology in 2000. Today, NovoLane is the industry leading polypropylene technology and can provide a sustainable route to polymer production, while maximizing the financial benefits of operations through reduced CAPEX and OPEX. The technology is highly flexible, robust, energy efficient and allows the production of full grade slate of major PP products across all product families including Homopolymer, Random Copolymer, Terpolymer, Impact Copolymer and RTPO.
Building on the success in polypropylene licensing, Lumus recently expanded its polymer technology portfolio with EXCENE™ for bimodal high-density polyethylene through an exclusive global licensing partnership. Texplore Company LimitedA wholly owned subsidiary of SCG Chemicals Public Company Limited.
About Lumus Technology
Lumus Technology is a global leader in developing technology solutions that make modern living possible with a focus on a more sustainable, low-carbon future. We license process technologies in clean fuels, renewable energy, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitization to customers worldwide. To learn more about Lumus, visit www.lummustechnology.com,
SOURCE Lumus Technology, LLC