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McDermott Reinforces Technology Focus, Completes Minority Investment in Lummus Technology
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HOUSTON, March 8, 2021 /PRNewswire/ McDermott International, Ltd today announced that it has invested in Lummus Technology Holdings I LLC, a holding company of Lummus Technology. Under the terms of the share and asset purchase agreement for the sale of Lummus Technology entered into with a joint partnership between Haldia Petrochemicals Ltd., a flagship company of The Chatterjee Group, and Rhône Capital (the Joint Partnership ) on January 21, 2020 McDermott was provided the option to purchase a minority common equity ownership interest in the entity purchasing Lummus. McDermott recently exercised its option.
McDermott invests in Lummus Technology
3/8/2021
McDermott International announced that it has invested in Lummus Technology Holdings I LLC, a holding company of Lummus Technology. Under the terms of the share and asset purchase agreement for the sale of Lummus Technology entered into with a joint partnership between Haldia Petrochemicals Ltd., a flagship company of The Chatterjee Group, and Rhône Capital (the Joint Partnership ) on January 21, 2020 McDermott was provided the option to purchase a minority common equity ownership interest in the entity purchasing Lummus. McDermott recently exercised its option. This agreement not only reinforces our already-robust and active relationship, but also reflects our support of and belief in Lummus long-term strategic plan, said David Dickson, President and CEO of McDermott. Together, we will continue to combine McDermott s innovative EPC delivery with Lummus innovative technology solutions to our customers across the globe.
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The subsidiary provides CDMO services, utilizing 57,000 sq. ft. of laboratory space and cutting-edge process chemistry technology in Princeton South, New Jersey and Richmond, Virginia.
KOLKATA, India, Feb. 4, 2021 /PRNewswire/
TCG GreenChem provides high-end, integrated CMC services covering development to cGMP clinical trial supplies
TCG GreenChem will accelerate the transition of drug candidates through the development pipeline efficiently and economically utilizing innovative catalysis and continuous flow chemistry technologies
TCG GreenChem will be seamlessly integrated with TCG Lifesciences India operations to serve its global customers across the full range of discovery, development, and commercial applications
TCG Greenchem (PRNewsfoto/TCG Lifesciences Pvt. Ltd.)