Lummus Technology and TCG Digital form joint venture
Published by Nicholas Woodroof,
The joint venture will work with Lummus’ existing customers and potential customers to implement digital analysis and operative solutions to their refining, petrochemical and gas processing assets and across the hydrocarbon processing value chain.
“Our focus on innovation continues with this joint venture,” said Dr. Purnendu Chatterjee, Founder Chairman of The Chatterjee Group. “We strive to deliver sustainable value to our esteemed clients with modern technology and deep process innovation, giving them the edge with digitalisation in these difficult times. This joint venture will co-create and innovate with other areas of the group like TCG Crest, our research university, LabVantage and Haldia Petrochemicals.”
“Lummus Digital is another new and critical initiative we are launching to ensure our position as a leader of our industry and at the forefront of innovation,” said Leon de Bruyn, President and CEO of Lummus Technology. “With TCG Digital, we are partnering with a company that has a proven track record in digitalisation and generating data-driven value for its clients in multiple industries. We are confident that Lummus Digital will leverage the strengths and capabilities of both companies to digitalise our customers’ operations and assets.”
“We are excited that this partnership will allow TCG Digital and Lummus Technology to build on their core competencies and strengths, addressing the fast-evolving needs of the refining and petrochemicals industry,” said Debdas Sen, CEO of TCG Digital. “Lummus Digital will leverage the tcg mcube data platform to drive operational excellence, improve plant safety, enhance reliability, and increase margins.”
Lummus Digital will work with refining, petrochemical and gas processing operators to provide big data, advanced analytics, artificial intelligence, process simulations, proprietary know-how and 24/7 advisory services.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/17112020/lummus-technology-and-tcg-digital-form-joint-venture/
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