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Markets :: Basic Chemicals :: Petrochemicals :: Para-xylene

Lummus Signs Agreement to License BP's Para-Xylene Technology

1:53 PM MDT | October 6, 2010 | Natasha Alperowicz

CB&I has announced that its Lummus Technology subsidiary has signed an agreement with BP for the exclusive rights to license and market BP's para-xylene recovery and isomerization technology and catalysts. Lummus will be responsible for all sales, marketing and licensing activities globally. "This technology marks our entry into the polyester value chain and significantly bolsters our technology portfolio in aromatics," says Dan McCarthy, president of Lummus...

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