{"id":360667,"date":"2020-07-02T11:32:53","date_gmt":"2020-07-02T06:02:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360667"},"modified":"2020-07-02T11:32:53","modified_gmt":"2020-07-02T06:02:53","slug":"tech-push-hpl-and-rhone-acquires-lummus-for-2-725-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tech-push-hpl-and-rhone-acquires-lummus-for-2-725-billion\/","title":{"rendered":"Tech Push: HPL and Rhone acquires Lummus for $2.725 billion"},"content":{"rendered":"<p>Haldia Petrochemicals Limited (HPL), a part of The Chatterjee Group (TCG), and Rhone Capital have acquired the US-based Lummus Technology, at an enterprise value of $2.725 billion from McDermott International.<\/p>\n<p>Lummus is a leading master licensor of proprietary technologies in refining, petrochemicals, gas processing and coal gasification. It is also a supplier of proprietary catalyst equipment and related engineering services.<br \/>\nDP Patra, HPL\u2019s strategic advisor, told Fe HPL has acquired the controlling stake of 57% with Rhone Capital holding the rest. Lummus will function as a stand-alone autonomous entity, Patra said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Haldia Petrochemicals Limited (HPL), a part of The Chatterjee Group (TCG), and Rhone Capital have acquired the US-based Lummus Technology, at an enterprise value of $2.725 billion from McDermott International. Lummus is a leading master licensor of proprietary technologies in refining, petrochemicals, gas processing and coal gasification. It is also a supplier of proprietary catalyst equipment and related engineering services. DP Patra, HPL\u2019s strategic advisor, told Fe HPL has acquired the controlling stake of 57% with Rhone Capital holding the rest. Lummus will function as a stand-alone autonomous entity, Patra said.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-360667","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=360667"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360667\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}