Press Release: Milestone strengthens Lummus’ digital portfolio and accelerates AI-driven industrial solutions for customers.
Lummus Technology, a global provider of process technologies and
value-driven energy solutions, announced the successful closing of its
acquisition of the NAPCON portfolio, the digital technology business of
Neste. Initially announced in April 2025, the transaction includes the
transfer of Neste’s NAPCON intellectual property, select assets and key
personnel. In April, Lummus and Neste also entered into a Strategic
Collaboration Agreement to ensure continued delivery of NAPCON services
to Neste and its subsidiaries.
“This is a pivotal moment as we
officially integrate the NAPCON digital solutions into our portfolio and
welcome many new talented individuals to our team,” said Leon de Bruyn,
President and Chief Executive Officer of Lummus Technology. “The
addition of these advanced, AI-driven solutions strengthen our
leadership in the digital transformation of our industry. We are now
better positioned to help customers improve operational safety,
performance and sustainability through more comprehensive AI and
data-driven technologies.”
The NAPCON suite and “games” system
leverages AI, advanced process controls, automation and simulation
software that enhances safety, efficiency and sustainability in
industrial operations. The NAPCON software has been continuously
developed to meet the high demands in process profitability and
competitiveness of production assets.
“Lummus Technology’s
acquisition of the NAPCON portfolio and its subsequent licensing to
Lummus Digital marks a significant step in expanding our digital
capabilities,” said Amitabha Sinha, co-Managing Director of Lummus
Digital. “This structure ensures that Lummus Technology remains at the
forefront of innovation while empowering Lummus Digital to deliver
cutting-edge, AI-driven solutions to our customers.”
The
transaction and agreement involve several partners, including Lummus
Technology, Neste, Lummus Digital and Ferroman Engineering Oy. Lummus
Technology, through Lummus Digital and in partnership with Ferroman,
will provide the NAPCON digital services to existing licensees.
Lummus
Digital, a joint venture between Lummus Technology and TCG Digital,
combines process engineering expertise with advanced data science to
deliver digital solutions to customers. Ferroman is a transatlantic
provider of automation, AI-driven optimization, digital project
execution and engineering solutions for the steel and process
industries.
About Lummus Technology
Lummus Technology is the global leader in developing technology solutions that make modern life possible and focus on a more sustainable, low carbon future. We license process technologies in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide. To learn more about Lummus, visit www.LummusTechnology.com.
More info here.
