Lummus Technology, a global provider of process technologies and value-driven energy solutions, and InnoVent Renewables have announced the signing of a Memorandum of Understanding( MoU) to work toward licensing and deploying InnoVent’ s continuous tire pyrolysis technology globally. Under an agreement outlined in the MoU, once finally negotiated, Lummus would serve as the exclusive licensor for InnoVent’ s proprietary continuous tire pyrolysis technology, which converts end-of-life tires |
into valuable products such as pyrolysis oil, gas, recycled carbon black and steel. Lummus would also act as the licensor for comprehensive technology packages that combine InnoVent’ s tire pyrolysis process with Lummus’ downstream technologies to increase the value of fuel and chemical outputs. InnoVent’ s technology offers a scalable, end-to-end solution for converting waste tires into renewable fuels and high-value petrochemicals, from preprocessing through purification. The |
company operates a commercial facility in Monterrey, Mexico, capable of processing up to one |
million passenger tires annually, with the ability to add additional capacity. |
Borouge Plc( BOROUGE) and ADNOC Logistics & Services Plc( ADNOC L & S) have entered a 15-year strategic partnership that |
will support a significant increase in the production and export of petrochemicals from the UAE. The mutually beneficial service |
agreement will deliver a minimum guaranteed value of USD 531M( AED 1,950M), supporting the next phase of Borouge’ s accelerated growth plans, driving operational cost savings over the full contract term, realising more than USD 50M in cost savings and efficiencies in the first five years alone, and enhancing the company’ s supply chain network. The agreement covers port management, container handling, and feeder container ship services for the Borouge Container Terminal in Al Ruwais Industrial City, Abu Dhabi. ADNOC L & S will manage the transportation of up to 70 % of Borouge’ s annual production, which will increase significantly following the completion of the Borouge 4 plant expansion. ADNOC L & S will |
deploy a minimum of two dedicated container feeder ships to transport Borouge’ s products from Al Ruwais to the deepwater ports of Jebel Ali in Dubai and Khalifa Port in Abu Dhabi. As Borouge plans to ramp up production capacity by 1.4 million tonnes per annum by the end of 2026 through its Borouge 4 mega project, Borouge will become the world’ s largest single-site polyolefin complex. The partnership with ADNOC L & S will further enhance Borouge’ s supply chain efficiency as well as reinforcing ADNOC L & S’ commitment to delivering innovative, integrated supply chain solutions that enhance trade, strengthen industrial resilience, and support the UAE’ s vision for economic diversification and global leadership. |