Technology tie-up with Lambion, Germany
Thermax signs technology transfer pact with LambionBusiness Standard | June 04, 2010
Thermax has signed a technology transfer license agreement with a German engineering company--Lambion Energy Solutions, having expertise in converting waste to energy.
This technology transfer agreement will provide Thermax with high efficiency combustion systems for using a high in moisture content like biomass for energy generation. It will be integrated in its boilers and heaters with heat output ranging from 4 MW to 30 MW. The licensing agreement is valid for a period of five years. A dedicated team from Thermax will work with Lambion to absorb and deploy this technology.
Thermax will have an exclusive license to market heating systems, equipped with the new technology in India and SAARC countries, South East Asia, Middle East and Africa. Over the last 30 years, Thermax has been offering its clients in India and other countries, biomass based equipment for energy generation. It already has a range of technologies such as fluidised bed combustion and traveling grate for extracting energy from a wide variety of biomass.
The new agreement with Lambion and subsequent technology upgradation will equip the company with advanced systems to provide industry eco-friendly ways of extracting energy from waste. Thermax also will gain the expertise to match European and American competitors in biomass fired energy systems in Indian and select overseas markets informs M S Unnikrishnan, managing director and CEO of Thermax and adds, "This partnership will reinforce our product offerings in the area of green energy."
For Lambion the partnership offers an opportunity to promote its expertise in new markets.