PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it acquired the
patent rights for BAYQIK® quasi-isothermal sulfuric acid
converter technology and other related technology from Bayer AG.
Under the terms of the agreement, the technology transfer includes all
relevant Bayer technical, commercial and market information. In
addition, Bayer is providing transitional services to help ensure a
seamless transfer of the BAYQIK business. Terms of the transaction will
not be disclosed.
BAYQIK technology enables more efficient conversion of process gas with
high SO2 concentrations. Bayer developed, piloted and
commercialized the technology over the past 10 years. A full-scale
installation based on the technology has operated successfully for seven
years.
Commenting on the announcement, Jacobs President Petroleum and Chemicals
Gary Mandel said the acquisition complements Jacobs’ existing sulfuric
acid technology portfolio, enabling the company to provide
state-of-the-art technology to both the low strength and high strength SO2
market segments.
“This acquisition is an exciting development for our Chemetics
process technology solutions business and our process industry clients,”
said Mandel.
“BAYQIK is proven to be a superior and more flexible option for
processing high strength SO2 gas, a growing requirement for
clients in the non-ferrous metallurgical acid plant market.
“We’re thrilled to add this robust technology to our sulfuric acid
technology portfolio and offer this capability to clients by leveraging
the global reach of Jacobs’ network.”
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs 50,000 people and operates in more than 30 countries
around the world. For more information, visit www.jacobs.com.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2015 Form 10-K, and in
particular the discussions contained under Items 1 - Business, 1A - Risk
Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
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Source: Jacobs Engineering Group Inc.