KBR and Sumitomo Chemical Form Technology Licensing Alliance for Sustainable Propylene Oxide Production
Portfolio Pulse from Benzinga Newsdesk
KBR and Sumitomo Chemical have formed an alliance, making KBR the exclusive licensing partner for Sumitomo Chemical's propylene oxide by cumene (POC) technology. This technology is crucial for producing polyurethanes used in various industries.
May 22, 2024 | 10:07 am
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KBR has entered into an alliance with Sumitomo Chemical to become the exclusive licensing partner for Sumitomo's POC technology, which is used in the production of polyurethanes.
The exclusive licensing agreement positions KBR as a key player in the sustainable production of propylene oxide, which is essential for manufacturing polyurethanes used in various growing industries. This could lead to increased revenue and market share for KBR.
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