05-09-2023
Lummus and RWDC to accelerate and scale PHA production
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and RWDC Industries, a biotechnology company developing biopolymer material solutions, announced a binding Joint Development and Commercial Cooperation Agreement to rapidly expand manufacturing and global licensing of polyhydroxyalkanoates. In April, Lummus and RWDC signed a memorandum of understanding to cooperate on global PHA deployment initiatives.
"This agreement highlights Lummus and RWDC’s strong commitment to addressing plastic waste and the carbon footprint associated with conventional plastics production,” said Leon de Bruyn, Lummus Technology’s President and Chief Executive Officer. “Our partnership in this innovative space aligns with the United Nations’ Sustainable Development Goals, reflecting our ongoing dedication to developing technologies that accelerate the use and availability of eco-friendly plastics.”
“We look forward to the value that will be created in combining Lummus’ expertise with ours to improve people’s lives and health by making PHA polymers and resins available at large scale” said Dr. Daniel Carraway, RWDC’s Chief Executive Officer. “It has always been our goal to develop sustainable materials that benefit every living thing on the planet, and this partnership is a monumental step in that direction. Lummus’ and RWDC’s decision to work together is an exciting development toward making it possible for more people to benefit from natural materials while preserving resources and our environment for future generations.”
RWDC uses plant-based oils, including post-consumer or waste cooking oils, to produce its proprietary Solon™ PHA, which can be organically recycled or composted in home and industrial composting facilities. Products or packaging made with PHA that find their way into the environment, therefore, will fully biodegrade in soil, fresh water, and marine settings, preventing persistent plastics and microplastics from accumulating in the environment. Articles produced with PHA also can be recycled, re-used or returned to the carbon cycle by way of organic recycling or composting systems.
Lummus’ interest in pursuing this partnership is testament to RWDC’s attractiveness to licensors, due to its demonstrable technology innovation and technical capabilities; commercial value proposition and unit economics; and existing global brand partnerships that continuously validate market demand.
RWDC is uniquely positioned as the only PHA manufacturer in the market to provide scalable and cost-effective biopolymer production and first- and best-in-class formulation capabilities and guidance on conversion for product development. Licensing and technology development through its forthcoming partnership with Lummus further enhances RWDC’s position as a market leader. Moreover, Lummus’ polymer expertise, illustrated through its Novolen® polypropylene technology, highlights a commitment to innovation and sustainable solutions in polyolefin technology to drive transformative change within the plastics industry.
Sponsor:
News Category:
-
Lummus and Braskem partner on electrified cracking heater for decarbonisation
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and Braskem, the largest bio-based polymer producer in the world, announced ...
16-04-2024
-
Lummus strengthens position in Circular Economy with investment in Resynergi
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced a major investment in Resynergi, a pioneering leader in plastic ...
10-01-2024
-
Maximizing renewable diesel and SAF yields with ISOTERRA Technology
(Webinar) - Investments in renewable diesel (RD) and sustainable aviation fuel (SAF) production are gaining considerable momentum and are expected to play a vital role ...
10-10-2023
-
Dongyang Environment Group selects Green Circle from Lummus
Lummus Technology, a global provider of process technologies and value-driven energy solutions, has announced an agreement with Dongyang Environment Group to deploy Lummus’ ...
03-10-2023
-
Lummus launches ethanol-based sustainable aviation fuel technology
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the commercial availability of its ethanol to sustainable aviation ...
07-09-2023
-
Lummus and RWDC to accelerate and scale PHA production
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and RWDC Industries, a biotechnology company developing biopolymer material ...
05-09-2023
-
Lummus and Biohydrogen Technologies agreement to develop and deploy blue hydrogen technology
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and Biohydrogen Technologies have announced an agreement to develop and ...
21-08-2023
-
Lummus Technology and MOL group partnership for advanced waste plastic recycling
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and MOL Group, the leading integrated Central Eastern European oil and ...
27-06-2023
-
Lummus and Citroniq sign letter of intent for green polypropylene projects
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and Citroniq Chemicals, a world-scale producer of carbon-negative materials, ...
26-04-2023
-
Lummus and RWDC Industries sign MoU accelerating PHA production at scale
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and RWDC Industries, a biotechnology company developing biopolymer material ...
12-04-2023