“This acquisition progresses Technip's onshore strategy to add process technologies that differentiate us and bring value to our customers. Hummingbird allows us to offer customers an alternative method to produce sustainable products from bio-based materials while expanding our technology positions in ethylene-derived chemicals and plastics such as polyethylene (PE), ethyl benzene styrene monomer (EB/SM) and polyethylene therephthalate (PET),” said Stan Knez, president, Technip.
The Hummingbird technology is cost effective and simpler compared to the previous technologies. The technology is available for licensing from Technip's center in Milton Keynes, United Kingdom. Ongoing catalyst development will be provided by the Technip Research Center in Massachusetts, US.
“BP has a strong track record of developing differentiated technologies. We are pleased to see our Hummingbird process taken to the market by Technip, a world-class technology licensing and engineering company,” said Angello Amorelli, vice president BP Group Research. (NA)
Fibre2fashion News Desk - India