Nikkiso Cryogenic Industries acquires GP Strategies' alternative fuels division
Nikkiso Cryogenic Industries’ Clean Energy and Industrial Gases Group (“Group”), a subsidiary of Nikkiso Co., Ltd (Japan), closed the acquisition of the Alternative Fuels Division from GP Strategies Corporation (Columbia, Maryland) for an undisclosed amount. The GP Strategies’ Alternative Fuels Division (“AFD”) is a recognized leader focused on the design, fabrication and maintenance of Liquefied Natural Gas (LNG), Liquefied to Compressed Natural Gas (LCNG), Compressed Natural Gas (CNG) and Hydrogen (H2) facilities.
AFD will operate as part of the Group’s Integrated Cryogenic Solutions unit (“Solutions”), and will be renamed ICS. The Solutions unit is one of five functional business units of the Group and operates independently from the Group’s product companies. Solutions provide innovative specialty engineering, centralized project management, procurement, manufacturing and maintenance, focusing on supplying complete solutions.
“We are excited for AFD to join our Nikkiso family. AFD will broaden our offering of complete solutions. We now have an individual functional unit that can provide a solution to the customer in addition to the units that deliver products. This acquisition exemplifies our passion to provide, efficient, performance-based products and service,” according to Peter Wagner, CEO of Cryogenic Industries and President of the Group.
Mike Mackey, who will remain with ICS as a Senior Vice President said “The opportunity is exciting and we look forward to being part of Nikkiso. We will meet our customer's demand for the best quality, reliability, and return on their investment.”
The acquisition was effective January 1, 2020.
Corrosion Control for Gas Treating Amines: Technology Leads to Increased Amine Unit Efficiency
Accelerated basin drilling activities combined with increased fugitive gas emission capture technologies have increased trace oxygen levels in midstream natural gas. Oxygen present in concentrations even as low 30-50 ppm will cause costly corrosion-related problems in plant operations and processing equipment. One area in the plant most affected by oxygen is the amine unit. Oxygen will degrade MDEA-blended amines to corrosive amino acids and heat-stable amine salts.
Learn how a new technology from BASF combined with innovation from Nalco Water can increase amine efficiency and reduce costs associated with corrosion. This new technology will inhibit the degradation of amines from oxygen attack and control corrosion in process gas, while stabilizing the amine from degradation into bicine and other heat-stable amine salts. Together with Nalco Water’s real-time amine corrosion control program, have been proven to both mitigate oxygen degradation of amine and reduce the overall corrosivity of amine units.
August 19, 2020 10:00 AM CDT