Lummus Technology LLC
LeaveRussia detail: Scaling Back
Lummus Technology is the global leader in developing technology solutions that make modern life possible and focus on a more sustainable, low carbon future. The company license process technologies in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide. Lummus Technology LLC is owned by two private equites, namely, Rhône Group and Chatterjee Group - both companies are the end beneficiaries of the war sponsorship.
Business in Russia
The CEO of the company Leon de Bruyn set up the Moscow office and contributed a lot of efforts in doing business in Russia. "This is the second major award announced recently for our world-class SRT ethylene furnaces, which optimize reliability in capacity, run-length and energy efficiency. It is another step forward in our services for the Baltic Chemical Plant and builds on our experience in Russia, which is among our key markets and where we are recognized as a leading licensor of this technology," said Leon de Bruyn, President and CEO of Lummus Technology. He is a good candidate for sanctions.
Decision trail
Decision date 13/03/2024 · Reference ↗
Continuing its operations in Russia as usual while supplying critical technological licenses to Oil & Gas industries. These are long-term projects due to the length of execution from 5 to 10 years. Revenue decreased in 2024 vs 2023 by more than -20%.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — scaling back · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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