Empowering Green Hydrogen Innovation in the Downstream Energy Industry
Key Ideas
- Lummus Technology partners with Advanced Ionics to advance green hydrogen technology in refining, gas processing, and petrochemical industries.
- The partnership includes investments to accelerate the commercialization of Advanced Ionics' hydrogen electrolyzer technology, focusing on reducing capital costs and electricity requirements.
- Advanced Ionics' Symbion™ Electrolyzers offer up to 40% less electricity consumption per kilogram of hydrogen produced than traditional technologies, with a modular design for rapid deployment and cost efficiency.
- Lummus is a global licensor of hydrogen technology, facilitating the transition towards green hydrogen production in heavy industries through innovative solutions.
Lummus Technology, based in Houston, has announced a strategic partnership with Advanced Ionics from Milwaukee, Wisconsin, a prominent green hydrogen technology provider. The collaboration aims to accelerate the commercialization of Advanced Ionics' hydrogen electrolyzer technology, targeting the decarbonization efforts in the refining, gas processing, and petrochemical industries. By leveraging its engineering expertise and providing financial support, Lummus Venture Capital is set to facilitate the expansion of green hydrogen capacity for both new and existing industrial users. Advanced Ionics' technology, supported by investors like BP and Mitsubishi Heavy Industries, offers promising solutions to key challenges in green hydrogen production, such as high capital costs and electricity demands. The Symbion™ Electrolyzers by Advanced Ionics stand out for their energy efficiency, utilizing waste heat and clean electricity to significantly reduce electricity consumption compared to conventional alkaline and PEM technologies. Moreover, the modular design of the electrolyzers enables swift deployment, operational simplicity, and cost-effectiveness. Lummus Technology, a major player in the global hydrogen market, is known for its blue hydrogen and synthesis gas plants utilizing various feedstocks. This partnership signifies a crucial step towards advancing green hydrogen innovation and decarbonization in heavy industries, with a focus on sustainable and efficient solutions for the downstream energy sector.