Lummus Technology Acquires NAPCON, Expanding AI-Driven Digital Solutions in Energy Sector

Lummus Technology Acquires NAPCON from Neste

Lummus Technology, a global provider of process technologies and energy solutions, has announced a significant expansion of its digital capabilities through the acquisition of NAPCON, a proprietary digital technology solutions provider, from Neste. The agreement, signed on April 23, 2025, includes the transfer of intellectual property, certain assets, and key personnel from NAPCON to Lummus Technology 1

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Strategic Partnership and Collaboration

In addition to the acquisition, Lummus and Neste have entered into a Strategic Collaboration Agreement. This partnership ensures that Lummus will continue to provide NAPCON services to Neste and its subsidiaries, maintaining continuity in operations and leveraging existing expertise 1

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NAPCON's AI and Digital Solutions

NAPCON is known for its advanced AI-driven solutions, including:

• Advanced process controls
• Automation software
• Simulation software

These technologies are designed to enhance efficiency, safety, and sustainability in refining, petrochemical, and other industrial operations. NAPCON's products have been developed to meet high demands in process safety, profitability, and competitiveness of production assets 1

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Impact on Lummus Technology's Offerings

The acquisition aligns with Lummus Technology's strategic vision of combining cutting-edge AI-driven solutions with process technology. Leon de Bruyn, President and CEO of Lummus Technology, stated:

"This aligns with our strategic vision of combining cutting-edge AI-driven solutions with process technology to enhance the performance of our customers' operations." 1

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Lummus Technology plans to integrate NAPCON into its portfolio and offer these digital services to its global customer base, potentially expanding the reach and application of these AI-driven solutions in the energy sector 1

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Collaboration with Ferroman Engineering

The agreement also involves Ferroman Engineering Oy, a transatlantic provider of digital and engineering solutions. Lummus Technology, through its joint venture Lummus Digital, will partner with Ferroman to provide NAPCON's digital services to Neste and support existing third-party licensees 1

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Håvard Hansen, CEO of Ferroman Engineering, emphasized the significance of this collaboration:

"With access to NAPCON's cutting-edge technology and Lummus' global reach, we are ready to accelerate digital transformation in the steel and food processing sectors as well as supporting the energy industry with Lummus." 1

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Industry Implications and Future Outlook

This acquisition and partnership are expected to have significant implications for the energy industry, particularly in:

1. Enhancing operational efficiency and safety in refining and petrochemical processes
2. Accelerating digital transformation across multiple industrial sectors
3. Advancing the development and application of AI-driven solutions in energy production

The deal is set to be completed by June 2025, potentially marking a new era of AI-driven operations in the energy sector 1

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