02-05-2019
Sulzer acquires GTC Technology
Sulzer acquires GTC Technology US, LLC, a technology company offering proprietary processes and systems for the production of aromatics and other petrochemicals. This acquisition strengthens Sulzer Chemtech’s leadership in petrochemical processes and expands its revenue base to process licensing and associated proprietary equipment and chemicals. The enterprise value is USD 39 million (CHF 39 million).
GTC combines its highly specialized expertise in the licensing of process-based plant engineering with long-standing industry experience. The resulting solutions reflect 30 years of development work in the petrochemical and refining sectors. GTC develops and commercializes licensed processes, including proprietary equipment and chemicals, for the petrochemical industry worldwide. The specific processes are engineered in-house, with a strong focus on aromatization, C5 processing, BTX recovery and gas to liquids processing.
GTC is headquartered in Houston, Texas. The company generates annual revenues of around USD 50 million and a high single-digit EBITA margin. It employs around 200 people globally.
This acquisition strengthens Sulzer Chemtech’s position as a leading technology provider for a wide portfolio of technologies and provides a market entry into the attractive technology licensing business. Sulzer’s global engineering and manufacturing capabilities, its leadership position in tower internals for mass transfer and its global network will accelerate the growth of GTC and yield measurable synergies.
Signing and closing took place simultaneously.
Sponsor:
News Category:
-
Sulzer Chemtech technology selected by a major American refiner to slash greenhouse gas emissions
Sulzer Chemtech is helping a major American refiner slash its greenhouse gas (GHG) emissions by supporting its transition from liquid fuel to petrochemical production ...
06-02-2024
-
Sulzer Chemtech licensed technologies surges in North America
A rapidly growing number of oil and gas processing facilities across North America is leveraging Sulzer Chemtech’s licensed solutions to enable major boosts in sustainability ...
30-01-2024
-
Low cost production of renewable diesel and SAF with BioFlux™ Hydrotreating Technology
Feed flexibility is critical for operators to stay competitive and deliver high-quality products. But diversifying your feed can bring its own set of challenges. It gets ...
24-05-2023
-
Major energy producer in Canada uses local canola oil to produce renewable diesel at industrial scale - relying on a range of Sulzer flow equipment, including specially ...
03-05-2023
-
The pumps will support a number of critical applications to convert waste oils and fats into renewable fuels with a lower carbon cost. Once complete, the new facility ...
08-12-2022
-
Sulzer Chemtech’s crystallization technology helps drive DSI’s growth
Sulzer Chemtech is providing process engineering and key equipment for the expansion of PT. Dongsuh Indonesia (DSI) naphthalene downstream sector. The delivery of an ...
04-11-2022
-
BASF and Sulzer Chemtech sign MoU to collaborate in sustainable technologies
BASF and Sulzer Chemtech (GTC Technology) have signed a Memorandum of Understanding (MoU) with the goal of advancing technologies for renewable fuels and chemically recycled ...
26-08-2022
-
Sulzer to support Shell to produce biofuels at new Rotterdam facility
Expected to become one of the largest biofuels production sites in Europe, the Shell Energy and Chemicals Park will create sustainable aviation fuel (SAF) and biodiesel ...
13-06-2022
-
Vandelay Ventures selects BioFlux® from Sulzer Chemtech
Sulzer Chemtech will provide a BioFlux® technology package to support the creation of the Sabah Maju Jaya Renewable Energy Industrial Complex (SMJREIC) in Malaysia. ...
11-03-2022
-
Shell Catalysts & Technologies and Sulzer Chemtech extend licensing agreement
Sulzer Chemtech has renewed and extended its licensing agreement with Shell Catalysts & Technologies for the development and distribution of high-capacity tray and ...
14-07-2021