Industry News

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.

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