Lummus Technology

Lummus Technology is a leading provider of proprietary technologies and services for the oil and gas industry. The company specializes in gas processing, refining, petrochemical production, and gasification technologies, acting as a master licensor of these innovations. Additionally, Lummus supplies catalysts, equipment, and related services to enhance operational efficiency for its clients. By focusing on sustainable solutions, Lummus aims to support the industry's transition towards a low-carbon future.

Atanas Atanasov

CFO and Executive Vice President

Leon de Bruyn

CEO

Galip Guvelioglu

Director of Gas Processing

Ilya Aranovich

Vice President, Corporate Strategy

4 past transactions

Resynergi

Series B in 2025
Resynergi is a company dedicated to addressing the global challenge of waste plastics by developing innovative biorefining technology. It specializes in manufacturing modular, low-emission systems that convert traditionally non-recyclable plastics into environmentally friendly fuels and chemical products. Utilizing a microwave-based technology, Resynergi's systems efficiently transform unrecycled waste plastics into biodiesel and other low carbon-intensity fuels. These systems are designed to be easy to deploy, scalable, and highly cost-effective, making them an attractive solution for clients seeking sustainable alternatives in fuel production. Through its efforts, Resynergi aims to promote a circular economy and reduce the environmental impact of plastic waste.

Advanced Ionics

Venture Round in 2025
Advanced Ionics specializes in innovative electrolyzer technology aimed at producing low-cost green hydrogen on-site for industrial applications. By leveraging existing industrial infrastructure and focusing on minimizing electricity consumption, the company seeks to make green hydrogen production more economical. Advanced Ionics' technology is versatile, applicable in various sectors including ammonia and fertilizer production, hydrogenation, metal fabrication, glass manufacturing, methanol synthesis, synthetic fuels, chemicals, and power generation. Through its solutions, the company supports decarbonization efforts, helping clients to significantly reduce carbon dioxide emissions associated with hydrogen production.

Citroniq

Series A in 2024
Citroniq is at the forefront of the energy transition, producing carbon-negative materials on a large scale. Their platform for the chemical and plastics industries leverages US-produced ethanol and advanced technology to achieve some of the industry’s most cost-effective carbon capture and avoidance values. Citroniq’s E2O process notably reduces greenhouse gas emissions, permanently sequesters carbon into practical plastic pellets, and helps companies meet their greenhouse gas reduction goals.

Resynergi

Series B in 2024
Resynergi is a company dedicated to addressing the global challenge of waste plastics by developing innovative biorefining technology. It specializes in manufacturing modular, low-emission systems that convert traditionally non-recyclable plastics into environmentally friendly fuels and chemical products. Utilizing a microwave-based technology, Resynergi's systems efficiently transform unrecycled waste plastics into biodiesel and other low carbon-intensity fuels. These systems are designed to be easy to deploy, scalable, and highly cost-effective, making them an attractive solution for clients seeking sustainable alternatives in fuel production. Through its efforts, Resynergi aims to promote a circular economy and reduce the environmental impact of plastic waste.
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