Lummus Technology Enhances Digital Innovation through NAPCON Acquisition and Strategic Partnership with Neste

Lummus Technology's Digital Expansion

Lummus Technology, a leader in process technologies and energy solutions, is gearing up for substantial expansions in its digital offerings with the acquisition of NAPCON, a subsidiary of Neste specializing in advanced digital technologies. This strategic move comes as part of a significant partnership with Neste aimed at providing cutting-edge solutions to enhance operational efficiencies in industrial operations.

The Acquisition and Strategic Partnership

On April 23, 2025, Lummus Technology announced that it has signed an agreement to acquire intellectual property and specific assets from NAPCON. The acquisition also includes critical personnel from NAPCON, ensuring the seamless transfer of expertise and experience to Lummus. In conjunction with this acquisition, the companies will enter into a Strategic Collaboration Agreement to facilitate ongoing NAPCON services for Neste and its subsidiaries.

This collaboration highlights the growing importance of digital solutions in the industrial sector, particularly in refining and petrochemical industries. NAPCON’s innovative products utilize artificial intelligence (AI), advanced process controls, automation, and simulation software, all designed to improve efficiency, safety, and sustainability.

Leon de Bruyn, President and CEO of Lummus Technology, expressed enthusiasm about the acquisition, stating that this partnership aligns with their strategic vision of integrating AI-driven solutions into process technologies. He emphasized that enhancing the performance of customer operations through digital transformation is a key focus. Markku Korvenranta, COO of Neste, echoed this sentiment, projecting Lummus’s capabilities will keep NAPCON technology competitive and enable better service to their client base.

Implications for the Industry

The implications of Lummus’s acquisition are profound. By integrating NAPCON’s digital solutions into its portfolio, Lummus is set to offer advanced services to its global clientele, ranging from refining to petrochemical industries. The collaboration is not just limited to Lummus and Neste; it also involves partnerships with Ferroman Engineering Oy, enhancing the scope of technology and services available to their clientele.

Håvard Hansen, CEO of Ferroman, expressed excitement over this pivotal collaboration, noting that access to NAPCON's sophisticated technology alongside Lummus’s global reach would accelerate digital transformation not only in steel and food processing industries but across the energy sector as well. This partnership marks a significant step towards smarter and more sustainable industrial operations.

Future Outlook

With the acquisition expected to complete by June 2025, the industry can anticipate strengthened digital services that could revolutionize how processes are managed and optimized. Lummus Digital, a joint venture between Lummus Technology and TCG Digital, is poised to leverage process engineering expertise alongside cutting-edge data science to deliver innovations that meet the demanding needs of modern industrial operations.

Since NAPCON has continuously adapted its offerings to enhance process safety, profitability, and competitiveness, the future holds promising advancements in how industries adopt digital solutions for sustainability and efficiency. With a commitment to driving change, Lummus Technology, together with its partners, is set to reimagine the landscape of industrial operations.

About Lummus Technology

Lummus Technology stands at the forefront of developing technology solutions that facilitate modern living while focusing on a sustainable future. Their portfolio encompasses a diverse range of services in clean fuels, renewables, petrochemicals, and digital technologies, helping clients worldwide transition towards a more sustainable industrial model.

About Neste

Neste is a trailblazer in producing sustainable solutions that address climate change and promote a circular economy. Their advancements in renewable fuels showcase the potential to significantly reduce greenhouse gas emissions and pave the way for a greener future, making them a trusted partner in sustainable industrial practices.