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GE, Umicore Sign License Agreement for Emissions Control Technology

|Includes: General Electric Company (GE), WHR

GE (NYSE: GE) and Umicore (UMI.BR) completed a Technology Transfer and signed a Technology License agreement to commercialize a proprietary aftertreatment designed to reduce and control NOx (nitrogen oxide) emissions from engines burning diesel or E85 biofuel.

Working closely with GE Global Research over the past year, Umicore said it reached key milestones in the development of the GE catalyst material in terms of production readiness, performance and durability. The two companies are now actively engaged in optimizing the commercial scale production of the Hydrocarbon Selective Lean NOx Catalyst (HC-LNC).

This new catalyst provides an alternative to urea-based SCR (selective catalytic reduction) technology.

Umicore is a supplier to many global automakers. The company will work with GE Global Research, which has been developing HC-LNC technology since 2001, to offer the catalyst to customers in the off-highway and on-road vehicle segments, marine segments, and stationary power markets.

Umicore is a materials technology group. Its activities are centered on four business areas: Advanced Materials, Precious Metals Products and Catalysts, Precious Metals Services and Zinc Specialties. The company says it generates approximately 50% of its revenues and spends approximately 80% of its R&D budget in the area of clean technology.

The Umicore Group generated a turnover of EUR 6.9 billion (EUR 1.7 billion excluding metal) in 2009 and currently employs some 13,700 people.


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