KBR and PSI sign agreement to license sustainable technologies for renewable chemicals production
Type of post: NEWS IN BRIEF.
KBR and Petron Scientech Inc. (PSI) has announced that they have signed an alliance agreement to license sustainable technologies for renewable chemicals production.
Press release: “KBR and Petron Scientech Inc Sign Alliance Agreement to License Sustainable Technologies”, 03/08/2021.
Under this agreement, KBR will be the exclusive licensor for PSI’s Ethylene Oxide / Ethylene Glycol (K-MEG), Alcohol Dehydration (K-SEET) and Maleic Anhydride (Max-Leic) technologies, which are used to convert ethanol into ethylene and further derivative chemicals used in a wide range of industry and consumer products.
PSI has developed these technologies over the past 30 years for renewable ethanol and ethylene value chains and biorefineries. KBR will license these technologies and provide engineering services for new biorefineries as well as integrating the technologies in existing refineries and petrochemical plants to offer sustainable alternatives.