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Technip Energies N.V. (Paris, France) and Saudi Basic Industries Corp. (SABIC; (Riyadh, Saudi Arabia) have entered into an exclusive Licensing Collaboration Agreement (LCA) under which Technip Energies will act as the worldwide licensor of SABIC’s well-established Low-Density Polyethylene (LDPE) Clean Tubular Reactor (CTR®) technology.
This agreement expands the long-standing cooperation between the two companies and combines SABIC’s sector-leading methodology with Technip Energies’ (Nanterre, France) extensive experience in polyolefins.
Technip Energies has supported the CTR® methodology since 1996, contributing to basic design, engineering, construction and start-up activities, building deep operational and execution expertise.
Stephane Mespoulhes, Senior Vice President Ethylene and Polyolefins at Technip Energies, commented: “This agreement marks a significant measure forward in our long-standing partnership with SABIC and strengthens Technip Energies’ position as a key player in LDPE methodology licensing. By combining SABIC’s proven CTR® methodology with our deep expertise in the design, fabrication of equipment, and execution of high-pressure LDPE vegetation, we are uniquely positioned to accelerate the deployment of high-performance LDPE solutions worldwide. Together, we enable producers to scale efficiently, safely, and reliably, meeting growing market demand while delivering tangible value to our customers.”
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