Jacobs Acquires Patent Rights for Bayer’s Sulfuric Acid Converter Technology
United
States: The
Jacobs Engineering Group Inc., one of the largest and most diverse providers of
full-spectrum technical, professional and construction services for industrial,
commercial and government organizations globally, has acquired the patent
rights of Bayer’s bayqik quasi-isothermal sulfuric acid converter technology
and other related technologies. As per the terms of the agreement, Bayer would
transfer all relevant technical, commercial and market information related with
the transferred technology. Also, the company would provide transitional
services to aid the quick and smooth handover of bayqik’s business. The Bayqik
technology is competent of converting process gases having high SO2
concentrations into Sulphuric acid. This technology was developed almost a
decade ago and has been into operations since last seven years.
TechSci Research depicts that
the acquisition would aid Jacobs’ sulfuric acid technology portfolio, thereby
opening up new market avenues for the company for low strength as well as high
strength Sulphuric acid market segments. Moreover, the company would be able to
offer state-of-the-art technology to its widespread sulfuric acid clients and
hence augment the sales of sulphuric acid in North America as well as the
global market.
According to the recently
published report by TechSci Research, “Global
Sulphuric Acid Market, By
Manufacturing Process (Lead Chamber and Contact Process), By Raw Material
(Sulphur, Exhaust Gases, Pyrite), By End-Use Industry (Fertilizers, Chemical
etc.), By Region, Competition Market Forecast & Opportunities, 2011-2025” Global sulphuric acid
consumption was more than 230 million tons in 2015, which is growing at a
healthy pace. The sulphuric acid market is generally categorized as captive and
merchant, where captive dominates the global demand. Captive sulphuric acid is
consumed internally by the consumers, while merchant sulphuric acid is available
for sale in the market for consumer who depend on acid produced as a
by-product. Merchant sulphuric acid drives the global trade. The key raw
material used for the production of sulphuric acid is sulphur which is obtained
from fossil fuels and sulfide ores.
Growing demand for captive sulphuric acid in fertilizer and industrial
sector is expected to boost the sulphur-based production of sulphuric acid.
However, manufacturers are gravitating towards production of sulphuric acid
through base metals smelting in order to manufacture merchant acid.