The American developer of energy-efficient technologies Lummus Technology acquired part of the intellectual property assets and some employees of Shell Catalysts&Technologies. This is reported in a press release from Lummus.
The deal aims to expand the platform of environmental solutions through established customer relationships, service delivery experience, and emission reduction capabilities. Intellectual property objects will complement the technological developments of Lummus and increase the efficiency of integrated solutions for oil refining, petrochemistry and waste recycling.
The deal is being implemented within the Shell Environmental Catalysts and Systems (ECS) division, which is part of the Shell Catalysts&Technologies segment for the development of cost-effective solutions for emissions control and technologies for reducing industrial air pollution.
The acquisition of the ECS business expands Lummus' range of environmental solutions and strengthens its ability to assist customers in meeting emissions requirements within its core business.
The ECS division was created by Shell Catalysts&Technologies to reduce harmful emissions into the atmosphere as a result of industrial activities in accordance with environmental standards. ECS technologies provide 98-99% efficiency indicators for key pollutants.
Lummus Technology is an American company developing technological solutions in the fields of petrochemistry, oil refining, gas processing and renewable energy. The company is engaged in licensing technologies, supplying catalysts and equipment. The headquarters is located in Houston, Texas.
Shell Catalysts&Technologies is a subsidiary of the British oil and gas company Shell in the field of technologies and analytical data for the efficiency of industrial assets and decarbonization, including biofuels, carbon capture and blue hydrogen production. The headquarters is located in London (England).
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