Tuesday, Jacobs Engineering Group Inc. (JEC) announced that it received a contract from Hyundai Engineering Co., Ltd. or HEC to license and design its proprietary SUPERCLAUS technology for a desulphurization unit at a new gas plant in Turkmenistan. The unit will be integral to the gas plant operated by state-owned Turkmengas, which produces, processes, and exports all gas reserves. Officials did not disclose the contract or investment values.
Jacobs introduced SUPERCLAUS technology in 1985 and now has over 200 units in operation. The technology nearly eliminates sulphur from the production process, resulting in cleaner fuels with minimal gaseous emissions and lower energy consumption.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.