GTI acquires Aerojet Rocketdyne energy assets
20 July 2015
Gas Technology Institute (GTI) has acquired the assets of Aerojet Rocketdyne’s (AR’s) energy systems portfolio. Included in the transfer of assets are patents and intellectual property (IP), physical assets, and technologies across the spectrum of gas and oil production, gasification, gas-to-liquids, power generation, and hydrogen generation.
GTI has worked closely with AR for ten years, hosting the development of their compact gasifier for coal and natural gas conversion.
With the agreement, GTI acquired a global portfolio of 158 patents and patent applications, as well as related physical assets that span seven technologies: partial oxidation for gas-to-liquids (GTL); compact hydrogen generation; advanced compact coal gasification; dry solids pump technology; pressurized fluidized bed combustion; supercritical CO2 turbine technology; and surface and downhole steam generation.
This strategic move is part of our company’s refined focus on our core business strengths in the aerospace and defense industry. We are confident that GTI can seamlessly assume AR’s government energy contracts and maintain the strong relationship we have established with the Department of Energy. GTI has comprehensive experience and a proven track record for delivering solutions that access and enable productive uses of our energy resources. They have the capability to bring together the right network of partners and funding and are uniquely positioned to bring innovative energy solutions to the market.
I think this is a winning situation for everyone involved. AR will benefit from GTI’s strengths and reputation within the energy industry, and GTI will have the opportunity to serve a broader market and offer a wider range of services. Our customers, industry partners, and the Department of Energy will all benefit from the commercialization capability of GTI supported by ongoing technical support from AR.
—Eileen Drake, CEO and president of AR
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