Neste has signed an agreement to sell its proprietary technology NAPCON to Lummus Technology.

NAPCON covers solutions in the field of interactive operator training simulators and game-aided learning systems, real-time process optimization, AI based process predictors and real-time process information gathering, monitoring and analytics. Its products have been continuously developed to meet the high demands in process safety, profitability and competitiveness of production assets.

Neste has existing NAPCON installations in its sites optimizing production, ensuring operator competence and providing critical information for refinery steering and decision-making.

“Lummus has the capability to keep NAPCON technology competitive as well as secure maintenance and development of the existing installations for Neste and NAPCON client base. We believe Lummus is the right partner to scale-up NAPCON technology and ensure its competitiveness in the long term,” says Markku Korvenranta, Executive Vice President and Chief Operating Officer of Neste.

In connection with the transaction, the parties have entered into a long-term service agreement to secure maintenance and development of installations in Neste’s refineries. To ensure continuity and leverage critical expertise, the transaction includes the transfer of key personnel.

The divestment is estimated to be completed by the end of May 2025.

Neste has signed an agreement to sell its proprietary technology NAPCON to Lummus Technology.

NAPCON covers solutions in the field of interactive operator training simulators and game-aided learning systems, real-time process optimization, AI based process predictors and real-time process information gathering, monitoring and analytics. Its products have been continuously developed to meet the high demands in process safety, profitability and competitiveness of production assets.

Neste has existing NAPCON installations in its sites optimizing production, ensuring operator competence and providing critical information for refinery steering and decision-making.

“Lummus has the capability to keep NAPCON technology competitive as well as secure maintenance and development of the existing installations for Neste and NAPCON client base. We believe Lummus is the right partner to scale-up NAPCON technology and ensure its competitiveness in the long term,” says Markku Korvenranta, Executive Vice President and Chief Operating Officer of Neste.

In connection with the transaction, the parties have entered into a long-term service agreement to secure maintenance and development of installations in Neste’s refineries. To ensure continuity and leverage critical expertise, the transaction includes the transfer of key personnel.

The divestment is estimated to be completed by the end of May 2025.