You are currently viewing: News



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 : Sulzer

Other News Items

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 ...

02-05-2019

Sulzer’s automated welding - from rust to robust for major Spanish refinery

Sulzer’s automated welding delivers quality and cost-efficient corrosion protection for distillation columns. The efficient prevention and minimization of corrosion-induced ...

16-04-2019

Sulzer unlocks the potential of Sadara’s columns

Sulzer Chemtech, specialists in solutions and services for separation and mixing technologies, has completed in record time a range of column revamp projects for Sadara ...

10-12-2018

Extended cooperation of Sulzer and SGL Group for column internals

Sulzer Chemtech, market leader for separation and mixing technology, and SGL Group, a worldwide leading manufacturer of carbon made products, are expanding their cooperation ...

31-01-2018

Sulzer acquires license for Total's wash tank technology for oil processing

Sulzer’s Chemtech division has been granted a license covering the Total-patented Wash Tank Technology for Oil Processing. The main purpose of this technology is ...

05-09-2017

Sulzer introduces the NeXRing™ family of random packing

Sulzer recently announced the introduction of new high performance product at the ACHEMA 15 exhibition in Frankfurt, Germany: the NeXRing™ random packing. This ...

15-06-2015

Sulzer contracts to supply strategic products to all Petrobras refineries in Brazil

Sulzer received from Petróleo Brasileiro S.A. (Petrobras) two Long-Term, exclusive, Supply Agreement Contracts for the supply of Structured Packings and Random ...

30-01-2015

Sulzer acquires weld overlay specialist InterWeld Inc Ltd

On January 8, Sulzer agreed to acquire the business of InterWeld Inc Ltd located in Belfast, Northern Ireland. InterWeld is a specialized weld overlay company, offering ...

09-01-2015

Sulzer to revamp vacuum distillation unit for Saudi Aramco

Sulzer Chemtech has been contracted to carry out the procurement and construction work for around CHF 20 million for a vacuum distillation revamp of Saudi Aramco’s ...

31-10-2012

Sulzer to move into the Wintower

Sulzer is relocating its head office in Winterthur to the Wintower at Neuwiesenstrasse 15 in Winterthur. The move will involve the relocation of around 360 workplaces ...

17-10-2012