- WKN: 648300
- ISIN: DE0006483001
- Land: Deutschland
Nachricht vom 27.01.2016 | 13:00
Linde AG: Univation Technologies and The Linde Group to cooperate on advancing polyethylene plant and cracker integration
DGAP-News: Linde AG / Key word(s): Agreement
Univation Technologies and The Linde Group to cooperate on advancing polyethylene plant and cracker integration
Houston/Munich, 27 January 2016 - Univation Technologies and The Linde Group's Engineering Division have entered into a cooperation agreement aimed at providing performance and cost efficiencies for the production of polyethylene resins. The parties expect that this exclusive partnership will deliver measurable benefits to resin producers globally. Under the agreement, Univation and Linde will work toward delivering streamlined technology, capital expense and operational expense reduction opportunities and improved quality in early stage design to ethylene cracker and polyethylene projects. The companies believe this will be valuable for both new construction projects as well as retrofit projects.
Dr Christian Bruch, member of the Executive Board of Linde AG and responsible for the company's engineering business, stated, "Our combination of technology and engineering, procurement and construction capabilities is a key driver to deliver competitive solutions to the petrochemical industry. We are excited to leverage the enormous potential synergies inherent in this close collaboration with Univation Technologies to deliver value to our existing and future customers."
Dr Steven F. Stanley, president of Univation Technologies, LLC, expressed the company's excitement to embark on this partnership with Linde. "As the leading polyethylene technology licensor around the world, we are constantly looking for ways to deliver more value for our licensees. This agreement with Linde allows us to take our solution-driven approach to the next level covering the entire UNIPOL(TM) PE Process platform including back-integration into cracker operations and improved economics for both new plant and retrofit projects."
This agreement is non-exclusive for the Engineering, Procurement and Construction (EPC) phase of UNIPOL(TM) PE Process projects.
About The Linde Group
For more information, see The Linde Group online at www.linde.com
About Univation Technologies
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Hanover; Terminbörse EUREX; SIX|
|End of News||DGAP News Service|
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