Komori
Toyo Engineering (6330) · InitiativeAchieved

Negotiations to renew the technology introduction agreement for the olefin production and gasoline hydrogenation processes

First written in FY2022-Q3. 1 of 3 entries say "Restated". Latest entry: FY2023-Q2.

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ProgressHeldSoftenedWorseFirst statedFY2022-Q3 – FY2023-Q12022: 32022
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  1. FY2023-Q2AchievedAnnual report

    「Lummus Technology, LCC (U.S.) Technology relating to olefin production and gasoline hydrogenation processes 10 years August 2022」

    The technology licensing agreement with Lummus Technology, LCC, which had formally expired in November 2021, was re-executed in August 2022 on the same terms as before, with the effective date of the agreement retroactively set to November 2021.
  2. FY2023-Q1RestatedAnnual report

    「The following material technology licensing agreement formally expired in November 2021, but negotiations between the parties toward renewal are continuing. Lummus Technology, LCC (U.S.) Technology relating to olefin production and gasoline hydrogenation processes 10 years November 2011」

    It was reconfirmed that the technology licensing agreement with Lummus Technology, LCC formally expired in November 2021, but negotiations for renewal are continuing.
  3. FY2022-Q3First statedAnnual report

    「During the third quarter of the current consolidated fiscal period, the following material technology licensing agreement had formally expired in November 2021, but negotiations between the parties toward renewal are continuing. Lummus Technology, LCC (U.S.) Technology relating to olefin production and gasoline hydrogenation processes 10 years November 2011」

    The 10-year technology licensing agreement with Lummus Technology, LCC for olefin production and gasoline hydrogenation processes formally expired in November 2021, but negotiations for renewal are continuing. The outcome of the renewal has not yet been disclosed.
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