WICHITA, Kan.–(BUSINESS WIRE/AETOSWire)— Koch Engineered Solutions (KES), a unit of Koch Industries Inc., today announced the creation of Koch Technology Solutions (KTS). As the technology licensing group within KES, KTS is delivering world-scale technology for licensing to a growing portfolio across the polyester value chain, within the refining space and for 1,4-Butanediol and its derivatives, while also delivering greater value for customers through increased integration with KES capabilities.
“The creation of Koch Technology Solutions is a testament to the real value that is created every day for Koch’s preferred partners. KTS will accelerate the rate of transformation across the board, strengthening the relationships with customers served by both businesses,” said KES President Dave Dotson. “With a decades-long history of delivering innovative engineered-to-order solutions across diverse industries, KES is the perfect home for KTS.”
The business’ transformation from INVISTA Performance Technologies (IPT) into KTS reflects the growth of its capability as a technology licensing group. In recent years, IPT expanded its scope of offerings and increased collaboration with KES, as both businesses had an increasingly intersecting customer base for existing and emerging technologies across industrial value chains. KTS will offer customers a suite of individually customizable services – not only design, construction, and startup, but also a deeper integration with other KES capabilities with continuous access to knowledge and increased opportunities for collaboration.
“We’re focused on continually expanding our scope of supply beyond traditional licensing offerings as the market transforms, and KES has many of the complementary capabilities to help us do that,” KTS President Mike Pickens said. “We are confident that this move will enable us to create even greater value for our customers through advantaged proprietary equipment, additional services (including engineering, procurement, and construction) and continuous plant monitoring and optimization.”