Lummus and Sumitomo Chemical Announce Collaboration Agreements for Circular and Polyolefins Technologies [Yahoo! Finance]
SUMITOMO CHEM UNSP/ADR (SOMMY)
NASDAQ:AMEX Investor Relations:
sumitomo-chem.co.jp/english/ir
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Source: Yahoo! Finance
HOUSTON and TOKYO May 21, 2024 /PRNewswire/ --- Lummus Technology, a global provider of process technologies and value-driven energy solutions, and Sumitomo Chemical announced two collaboration agreements to license and commercialize the following proprietary technologies: Sumitomo Chemical's proven low-density polyethylene/ethylene vinyl acetate (LDPE/EVA) production technology Sumitomo Chemical's highly efficient poly methyl methacrylate recycling (rPMMA) technology With Lummus as the exclusive and worldwide licensor of both technologies, Sumitomo Chemical's innovative technologies will be delivered to a global customer base, supported by Lummus' global marketing reach and engineering capabilities. Lummus and Sumitomo Chemical will further develop the rPMMA technology, leveraging the progress already made at Sumitomo Chemical's pilot plant in Japan , to achieve early commercialization of the technology and contribute to a more carbon-neutral society. "Lummus is honored to p
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