New AI and digital capabilities will enhance operations, performance and digitalization for customers

HOUSTON, April 23, 2025 /PRNewswire/ -- Lummus Technology, the global provider of process technologies and value-driven energy solutions, and Neste announced the companies have signed an agreement in which Lummus Technology will acquire the intellectual property and certain assets of NAPCON, Neste's proprietary digital technology solutions provider. The agreement also includes the transfer of key NAPCON personnel to ensure continuity and leverage critical expertise. In addition, Lummus and Neste have entered into a Strategic Collaboration Agreement to provide continuous NAPCON services to Neste and its subsidies.

AKRON, Ohio, Nov. 4, 2024 /PRNewswire/ -- Alterra, Neste and Technip Energies have signed a collaboration agreement to advance the circularity of plastics by providing the industry a standardized technology solution for chemical recycling, also referred to as "advanced recycling". The partners aim to globally offer a standardized modular solution, based on Alterra's proprietary liquefaction technology, to parties interested in building capacity for chemical recycling. This solution will come in the form of readily designed and engineered liquefaction plant modules, which will allow for lower pre-investment costs, accelerated implementation time, high predictability on project economics and reduced overall capital costs. Contributing to more effective execution of chemical recycling capacity projects, the solution helps the industry to reduce dependency on virgin fossil resources and accelerate the circularity of polymers and chemicals.