Eni and Chevron Lummus Global LLC (CLG) have announced the execution of a joint Cooperation and Licensing Agreement for a complete suite of residue hydrocracking solutions. This will include Eni's EST (Eni Slurry Technology) and LC-FINING, LC-MAX, LC-SLURRY and LC-LSFO technologies from CLG.
These technologies will offer refiners a wide range of conversion options, including complete conversion of residue to valuable distillate products.
Both CLG and Eni bring deep investments in research and development that have led to the fast commercialisation of cutting-edge residue hydrocracking technologies as well as technical and engineering services to support these technologies. Eni brings its EST technology to this cooperative arrangement as a market leader in slurry hydrocracking processes, offering to its clients a very high conversion competitive advantage. CLG's residue hydrocracking technologies based on a liquid circulation ebullated bed platform are widely used and reliable residue hydrocracking technologies for moderate to high conversion.
The agreement will enable Eni and CLG to utilise and enhance the complementary nature of their respective hydrocracking technologies, offering clients a comprehensive array of solutions on a large commercial operating base. Eni and CLG will work closely at their R&D facilities in Italy and the US to develop the next generation of process and catalyst technologies suited to address the complete conversion of low-value residue and alternative feedstocks to valuable transportation fuels and petrochemical precursors.
"In Eni, we found the right partner to complement and grow our vital residue hydrocracking portfolio. Eni and CLG were founded on intense research, high technical standards and rapid commercialisation of technologies," said Ujjal Mukherjee, Managing Director of CLG. "We look forward to combining our deep talent pools to provide our clients the most robust and economically attractive conversion technologies."
"With the signature of this agreement, we believe that CLG and Eni will be able to offer the market a new range of services to better respond to industry needs," said Giuseppe Ricci, Eni Energy Evolution Chief Operating Officer. "Moreover, we are convinced that this cooperation will lead to an important step in the energy transition by advancing our hydrocracking technologies to also process alternative and more challenging feedstocks like plastic waste."
Read the article online at: https://www.hydrocarbonengineering.com/refining/20092021/eni-and-clg-announce-joint-cooperation/