LEVERKUSEN (dpa-AFX) - Jacobs Engineering Group Inc. (JEC) announced it acquired the patent rights for BAYQIK quasi-isothermal sulfuric acid converter technology and other related technology from Bayer AG. Terms of the transaction will not be disclosed.
As per 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.
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.
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