Lummus Technology, a renowned global provider of cutting-edge process technologies and energy solutions geared towards optimizing value, has proudly unveiled a significant contract with Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd. (Sinopec NZRCC), a subsidiary of the esteemed Sinopec Group and a prominent player in the refining and petrochemical sector. Sinopec NZRCC has made the strategic decision to acquire a licensing agreement for Lummus' Novolen technology, which will be employed in the establishment of a new polypropylene plant boasting an annual production capacity of 500 kilo tons in Ningbo, China.

Romain Lemoine, the Chief Business Officer of Polymers and Petrochemicals at Lummus Technology, expressed the company's enthusiasm about this significant development. Lemoine further underscored Lummus' commitment to facilitating the success of Sinopec NZRCC's ambitious project by providing timely delivery of top-notch process design and implementation services.

The scope of Lummus' involvement in this endeavor encompasses the licensing of the technology, basic design engineering, comprehensive training, and vital project engineering services. Novolen is recognized as the preeminent technology in the polypropylene sector, offering a sustainable avenue for polymer production while simultaneously optimizing financial returns through reductions in both capital expenditure (CAPEX) and operating expenses (OPEX). This technology stands out for its unparalleled flexibility, robustness, energy efficiency, and its ability to facilitate the production of a wide range of premium polypropylene products across all product categories. This encompasses homopolymers, random copolymers, terpolymers, impact copolymers, and rTPO's, marking a remarkable achievement in the polypropylene industry.

Lummus Technology's proprietary Novolen technology is recognized as an industry trailblazer in the production of polypropylene, and this latest contract with Sinopec NZRCC serves as a testament to its continued leadership in the sector. The technology is synonymous with efficiency and innovation, offering a sustainable approach to polymer production while simultaneously enhancing the financial feasibility of operations. This is achieved through cost savings in both capital expenditure (CAPEX) and operating expenses (OPEX), making it a strategic and practical choice for companies aiming to excel in the polypropylene market.

One of the distinguishing features of Novolen technology is its remarkable versatility, which enables the production of a comprehensive range of high-quality polypropylene products. This includes homopolymers, random copolymers, terpolymers, impact copolymers, and rTPO's, catering to a diverse array of industrial and consumer applications. The technology's capacity to address a broad spectrum of polypropylene product families is a significant advantage, making it a valuable asset for companies such as Sinopec NZRCC looking to meet the varied demands of their customers and industries.