Lummus Novolen bags PP contract from Lukoil

This is the first PP license awarded since Lummus became an independent company.

"This award demonstrates how major operators such as Lukoil have tremendous confidence in our best in class polypropylene technology," said Leon de Bruyn, president and chief executive officer of Lummus Technology. "We are grateful to Lukoil for expanding our longstanding relationship with this new contract, especially as we continue to expand in Russia, a critical market where Lummus has had a strong presence for decades."

The award increases the total amount of licensed volume for Novolen technology worldwide to more than 17 million tonnes per annum.

Lummus Novolen Technology GmbH licenses PP technology and provides related engineering and technical support/advisory services. Novolen also supplies NHP catalysts for the production of high-performance PP grades and Novocene metallocene catalyst for the production of special PP grades.

ALCHEMPro News Desk (RKS)