Flue Gas Desulfurization FGD

Flue Gas Desulfurization FGD Market Outlook

The global Flue Gas Desulfurization (FGD) market was estimated at approximately USD 22 billion in 2023 and is projected to grow at a robust CAGR of 5.8% during the forecast period from 2025 to 2035. The market growth can be attributed to stringent environmental regulations aimed at reducing sulfur dioxide emissions from industrial activities, coupled with growing investments in coal-fired power plants and industrial boilers. Moreover, the increasing focus on sustainable practices and the advancement of technologies in emission control are further driving the FGD market. As countries around the globe strive to meet their climate goals, the demand for efficient flue gas desulfurization systems is anticipated to escalate. Therefore, these factors collectively reinforce the FGD market's solid growth trajectory moving forward.

Growth Factor of the Market

One of the primary growth factors driving the Flue Gas Desulfurization market is the implementation of stringent regulations concerning air quality and emissions. Governments worldwide are increasingly prioritizing environmental sustainability, leading to the enforcement of laws that mandate reductions in sulfur dioxide emissions from various industries. This has compelled many industries to adopt FGD technologies to comply with these legal requirements, thereby driving market growth. Furthermore, the increasing reliance on coal as a primary energy source in developing economies has spurred demand for FGD systems to mitigate harmful emissions resulting from coal combustion. Technological advancements in FGD systems, such as the development of more efficient and cost-effective methods of sulfur removal, are also contributing to market expansion. Moreover, the rising awareness among consumers regarding environmental issues is pushing industries to adopt greener technologies, creating a significant opportunity for the FGD market. Finally, the growing investment in renewable energy sources, while somewhat paradoxical, is compelling traditional energy sectors to adopt FGD systems to reduce their environmental footprints.

Key Highlights of the Market

• Projected market CAGR of 5.8% from 2025 to 2035.
• Significant rise in regulatory measures regarding sulfur emissions.
• Technological advancements facilitating more efficient FGD systems.
• Growing investments in coal-fired power plants in developing nations.
• Increase in consumer awareness about environmental sustainability.

By Product Type

Wet FGD Systems:

Wet FGD systems are currently one of the most widely used technologies for sulfur dioxide removal from flue gases. These systems utilize a wet scrubbing process, where a limestone slurry absorbs sulfur dioxide in the flue gas, converting it into calcium sulfite. Wet FGD systems are highly efficient, often achieving over 90% SO2 removal. Their ability to handle larger volumes of flue gas and their effectiveness in removing other pollutants such as particulate matter further enhances their appeal. However, the operational costs related to managing wastewater by-products and maintaining equipment can be significant. The market for wet FGD systems is expected to continue expanding as stricter regulations on SO2 emissions are enforced globally.

Dry FGD Systems:

Dry FGD systems are gaining traction due to their lower operational costs and reduced water consumption compared to wet systems. In these systems, a dry sorbent, typically lime or sodium bicarbonate, is injected into the flue gas stream, where it reacts with sulfur dioxide to form a solid by-product. The dry nature of the system simplifies waste handling and minimizes the environmental impact associated with wastewater disposal. Although the efficiency of dry FGD systems may be lower than wet systems, advancements in technology are enhancing their performance. As a result, the dry FGD segment is projected to experience significant growth, particularly in regions where water scarcity is a concern.

Semi-Dry FGD Systems:

Semi-dry FGD systems represent a hybrid approach, combining aspects of both wet and dry systems. These systems utilize a spray dryer that injects a reagent into the flue gas, allowing for the simultaneous removal of sulfur dioxide and the drying of any resulting by-products. Semi-dry systems typically achieve an SO2 removal efficiency of about 70-90% and offer a lower water usage profile than traditional wet systems. Given their versatility and effectiveness, semi-dry FGD systems are gaining adoption in industries seeking a balance between cost-effectiveness and environmental compliance. This segment is expected to continue growing, especially in mid-sized plants ranging from coal to biomass applications.

Spray Dry FGD Systems:

Spray dry FGD systems are characterized by their ability to utilize lime or sodium-based sorbents in a spray dryer absorber to achieve sulfur dioxide removal. The flue gas is mixed with the spray of the reagent, facilitating chemical reactions that form solid by-products that can easily be collected. One of the significant advantages of spray dry systems is their comparatively smaller footprint, making them suitable for retrofitting existing plants with limited space. Additionally, they produce less waste compared to wet systems, which often deal with liquid by-products. As industries continue to seek innovative solutions for emissions reductions, the spray dry FGD segment is expected to witness considerable growth.

Circulating Dry FGD Systems:

Circulating Dry FGD systems are an innovative advancement within the dry scrubbing technologies, incorporating a circulating fluidized bed for improved contact between the flue gas and the sorbent. This results in enhanced reaction rates and better overall efficiency in sulfur dioxide capture. The circulating system allows for the reuse of the sorbent, further minimizing operational costs while maximizing the efficiency of SO2 removal, reaching effectiveness levels similar to wet systems. As energy industries aim to increase efficiency and reduce their carbon footprints, the adoption of circulating dry FGD technologies is anticipated to increase significantly, particularly in regions with stringent regulatory frameworks.

By Application

Coal-fired Power Plants:

Coal-fired power plants remain one of the largest contributors to sulfur dioxide emissions globally, making them a primary target for Flue Gas Desulfurization technologies. The FGD market is driven by the need for these plants to comply with increasingly stringent emission standards. As many countries pivot towards cleaner energy sources, existing coal plants are retrofitting FGD systems to reduce their environmental impact and meet regulatory requirements. Given the scale of sulfur dioxide emissions from coal-fired plants, this segment is expected to witness substantial investment and growth, particularly in developing nations that still rely heavily on coal for energy generation.

Industrial Boilers:

Industrial boilers, utilized across various sectors including manufacturing and chemical processing, are significant sources of sulfur dioxide emissions. This segment is increasingly adopting FGD technologies in response to tighter emissions regulations and the need for cleaner combustion processes. The ability of FGD systems to minimize emissions not only helps industries comply with environmental standards but also enhances their overall corporate sustainability profiles. As a result, the market for FGD systems in industrial boilers is projected to expand, particularly as more industries recognize the long-term benefits of investing in emission control technologies.

Waste Incineration Plants:

Waste incineration plants have become increasingly important in waste management, converting waste materials into energy while minimizing landfill use. However, the burning of waste can release high levels of sulfur dioxide, necessitating the installation of effective FGD systems. As environmental regulations tighten globally, waste incineration facilities are turning to FGD solutions to reduce their sulfur emissions. The market for FGD in waste incineration is growing as authorities and stakeholders seek to ensure that these facilities operate sustainably while meeting regulatory compliance.

Marine Vessels:

The maritime industry is under pressure to reduce its environmental impact, particularly regarding air pollution from sulfur emissions. The implementation of International Maritime Organization (IMO) regulations mandating lower sulfur content in marine fuels has spurred the adoption of FGD systems on marine vessels. These systems, often referred to as scrubbers, effectively remove sulfur dioxide from exhaust gases, ensuring compliance with regulations. As shipping companies seek to comply with these stringent standards, the FGD market for marine applications is expected to experience robust growth, driven by increasing investments in ship retrofitting and new builds equipped with FGD technology.

Cement Plants:

Cement manufacturing is a significant industrial process that generates substantial sulfur dioxide emissions. As environmental regulations tighten, cement plants are increasingly adopting FGD systems to control emissions and minimize their environmental impact. The installation of FGD technology not only helps these plants comply with regulatory standards but also improves the overall sustainability of their operations. Additionally, advancements in FGD systems specifically designed for the cement sector are further driving adoption, as they provide effective solutions to manage air quality while enabling ongoing production. The cement plant application segment for FGD systems is expected to grow steadily as manufacturers prioritize emissions reduction.

By Distribution Channel

Direct Sales:

Direct sales remain a prominent distribution channel in the Flue Gas Desulfurization market, as many end-users prefer to engage directly with manufacturers for their specific needs. This method allows for customized solutions tailored to the unique requirements of each facility. Additionally, direct sales facilitate closer relationships between manufacturers and clients, enabling ongoing support and after-sales service. As industries become more aware of the benefits of FGD systems, the direct sales channel is anticipated to grow, driven by manufacturers’ efforts to provide tailored solutions that meet regulatory compliance and operational efficiency.

Indirect Sales:

Indirect sales channels encompass a network of distributors, agents, and third-party vendors who facilitate the sale of FGD systems to end-users. This channel enables manufacturers to expand their market reach without incurring the costs associated with direct sales. Indirect sales often provide clients with local support and logistical assistance, making it a preferred option for many smaller enterprises or those in regions with less direct manufacturer presence. As the FGD market continues to grow, the indirect sales channel is likely to play an essential role in connecting manufacturers with end-users, especially in markets where localized expertise is beneficial for implementation and maintenance.

By Ingredient Type

Limestone:

Limestone is one of the most widely used reagents for Flue Gas Desulfurization due to its effectiveness in capturing sulfur dioxide when used in wet scrubbing systems. The calcium carbonate present in limestone reacts with sulfur dioxide to form calcium sulfite, which can further oxidize to gypsum, a useful by-product in the construction industry. The abundance and low cost of limestone make it a preferred choice in many regions for FGD applications. As demand for efficient emission control technologies increases, the limestone segment is expected to grow, driven by its significant role in compliance with environmental regulations.

Lime:

Lime, specifically hydrated lime, is also a popular ingredient in FGD systems, used primarily in dry and semi-dry scrubbing processes. Lime's high reactivity with sulfur dioxide allows for efficient SO2 removal, making it an attractive option for industries with stringent emissions targets. While lime is generally more expensive than limestone, its performance in particular applications justifies the cost for many industrial users. As industries increasingly strive for cleaner operations, the demand for lime in FGD applications is projected to rise, especially in sectors that necessitate higher efficiency in sulfur dioxide capture.

Sea Water:

Sea water is an alternative reagent for FGD systems, particularly in coastal regions where it is abundantly available. Utilizing sea water for FGD not only reduces the need for traditional reagents but also leverages its natural alkalinity to neutralize sulfur dioxide emissions. This method is particularly advantageous for marine applications, where vessels can directly utilize sea water in their scrubbing systems. As the shipping industry faces increasing pressure to comply with environmental regulations, the sea water segment is expected to gain momentum, driven by its dual benefits of cost-effectiveness and sustainability.

Sodium Carbonate:

Sodium carbonate, commonly known as soda ash, is utilized in various FGD applications due to its effectiveness in chemical reactions that capture sulfur dioxide. Its relatively high reactivity with SO2 makes it suitable for both dry and semi-dry scrubbing systems. Sodium carbonate offers an environmentally friendly alternative to traditional reagents, further enhancing its appeal to industries focused on sustainability. As more sectors prioritize minimizing their environmental footprint, the demand for sodium carbonate in FGD applications is anticipated to grow, particularly as industries seek to implement eco-friendly solutions.

Ammonia:

Ammonia is predominantly used in selective catalytic reduction (SCR) systems for nitrogen oxide removal but is also applicable in FGD technologies. In specific configurations of FGD systems, ammonia can react with sulfur dioxide to form ammonium sulfate, a useful fertilizer. This dual-purpose functionality can create an incentive for industries to consider ammonia as a viable reagent in FGD systems. As agricultural and industrial sectors look for sustainable ways to manage emissions while providing by-products that can be utilized, the ammonia segment in the FGD market is likely to see increased growth.

By Region

The Flue Gas Desulfurization market exhibits substantial regional variations, with North America leading the market due to stringent environmental regulations and a robust industrial sector. The North American FGD market is estimated to be worth USD 8 billion in 2023, driven by the enforcement of the Clean Air Act and ongoing investments in emission reduction technologies. The region is poised for a steady growth rate of approximately 5.5% CAGR, as power plants and industrial facilities continue to upgrade their systems to comply with evolving regulations. Furthermore, the U.S. Environmental Protection Agency's commitment to reducing emissions further incentivizes investments in FGD technologies across various sectors.

In Europe, the FGD market is expected to grow at a CAGR of 6.2%, reaching around USD 7 billion by 2035. The European Union's rigorous regulatory framework mandates significant reductions in sulfur dioxide emissions, compelling many industries to invest in FGD systems. The region is characterized by a growing trend towards cleaner energy sources, pushing traditional coal-fired power plants to adopt advanced emissions control technologies. Simultaneously, the ongoing transition to renewable energy sources, coupled with the retrofitting of existing plants, is expected to create considerable demand for FGD solutions. Asia Pacific is another significant market, projected to see substantial growth driven by industrial expansion and increasing energy needs.

Opportunities

The Flue Gas Desulfurization market presents numerous opportunities as industries universally strive for more sustainable practices. One significant opportunity lies in the growing trend of retrofitting existing coal-fired power plants with advanced FGD technologies. Many countries are investing heavily in modernizing their power generation capabilities to meet stringent emission standards. This presents a lucrative market for FGD manufacturers to provide innovative solutions tailored to specific plant requirements. Furthermore, as more countries adopt climate change initiatives and commit to reducing greenhouse gas emissions, the demand for effective SO2 control technologies will likely surge. The continuous development of new technologies, such as hybrid FGD systems that combine both wet and dry methods, also opens the door to new market entrants and product offerings.

Another area of opportunity exists in the increasing adoption of FGD systems across other applications, beyond traditional power generation. Sectors such as cement manufacturing, waste incineration, and marine vessels are witnessing heightened scrutiny concerning their emissions. This opens up opportunities for FGD technology providers to innovate and expand their offerings to meet the specific needs of these industries. Additionally, emerging economies in Asia, Africa, and Latin America are experiencing rapid industrial growth, creating a significant demand for FGD solutions to mitigate emissions. As environmental regulations tighten across these regions, there is an imminent opportunity for manufacturers to establish a strong market presence by providing FGD systems that cater to the unique challenges of these burgeoning markets.

Threats

Despite the growth opportunities in the Flue Gas Desulfurization market, certain threats could hinder market progress. Among them is the volatility of raw material prices, which can impact the overall cost of FGD systems. For instance, fluctuations in the prices of reagents such as limestone, lime, and ammonia can significantly affect the operational costs associated with FGD technology deployment. This unpredictability can lead to budget constraints for industries planning to invest in FGD solutions, potentially slowing market growth. Furthermore, competition from alternative technologies for emissions reduction may pose a threat to the traditional FGD market. With advancements in carbon capture and storage technologies, some industries may opt for these solutions over conventional FGD systems, further impacting FGD adoption rates.

Moreover, the complexity of FGD systems may deter smaller enterprises from investing due to concerns about the required maintenance costs and operational challenges. Many smaller facilities may lack the resources or expertise necessary to implement and operate these systems effectively. This could lead to a disparity in FGD adoption rates between larger and smaller industries, limiting overall market growth. Additionally, the ongoing shift towards renewable energy sources may also impact the demand for FGD systems in the long run, as the emphasis on reducing fossil fuel reliance continues.

Competitor Outlook

• Fluor Corporation
• GE Steam Power
• Alstom S.A.
• Siemens AG
• Thyssenkrupp AG
• Valmet Oyj
• Andritz AG
• Burns & McDonnell
• Ducon Technologies
• Worley Limited
• Jacobs Engineering Group
• Doosan Lentjes GmbH
• McKinsey & Company
• Hitachi Zosen Corporation
• SPX Flow, Inc.

The competitive landscape of the Flue Gas Desulfurization market is characterized by a mix of established firms and emerging players, all vying for a share in this rapidly evolving sector. Leading players like Fluor Corporation and GE Steam Power have positioned themselves as key providers of advanced FGD technologies, offering comprehensive solutions that cater to diverse industrial needs. Their extensive experience and established market presence provide them with a competitive edge as they continue to innovate and expand their product offerings. On the other hand, companies such as Alstom and Siemens are also investing in research and development to enhance the efficiency and effectiveness of their FGD systems, aiming to remain at the forefront of technological advancements in this field.

Emerging players are also making their mark in the Flue Gas Desulfurization market by introducing innovative solutions that meet the growing demands for environmentally friendly technologies. Companies like Ducon Technologies and Burns & McDonnell are focusing on developing proprietary technologies that not only comply with existing regulations but also anticipate future environmental challenges. Moreover, partnerships and strategic collaborations among key players are becoming increasingly common, as companies look to leverage each other’s strengths to enhance their market position. For example, collaborations focused on research and development are opening avenues for the commercialization of next-generation FGD systems that promise higher efficiencies and lower operational costs.

In addition to technological advancements, companies in the FGD market are also focusing on enhancing their service offerings to provide end users with comprehensive support throughout the lifecycle of FGD systems. This includes not only installation and commissioning but also ongoing maintenance and operational optimization. Major firms such as McKinsey & Company and Worley Limited are extending their portfolios to include consulting services that help industries navigate regulatory compliance challenges. By providing holistic solutions that encompass both technology and services, these companies enhance their value proposition and foster long-term relationships with their clients, ultimately leading to a more sustainable business model.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ritz AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Siemens AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Valmet Oyj
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Alstom S.A.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 GE Steam Power
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 SPX Flow, Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Worley Limited
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Thyssenkrupp AG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Burns & McDonnell
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Fluor Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Ducon Technologies
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 McKinsey & Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Doosan Lentjes GmbH
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Jacobs Engineering Group
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Hitachi Zosen Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Flue Gas Desulfurization FGD Market, By Application
    • 6.1.1 Coal-fired Power Plants
    • 6.1.2 Industrial Boilers
    • 6.1.3 Waste Incineration Plants
    • 6.1.4 Marine Vessels
    • 6.1.5 Cement Plants
  • 6.2 Flue Gas Desulfurization FGD Market, By Product Type
    • 6.2.1 Wet FGD Systems
    • 6.2.2 Dry FGD Systems
    • 6.2.3 Semi-Dry FGD Systems
    • 6.2.4 Spray Dry FGD Systems
    • 6.2.5 Circulating Dry FGD Systems
  • 6.3 Flue Gas Desulfurization FGD Market, By Ingredient Type
    • 6.3.1 Limestone
    • 6.3.2 Lime
    • 6.3.3 Sea Water
    • 6.3.4 Sodium Carbonate
    • 6.3.5 Ammonia
  • 6.4 Flue Gas Desulfurization FGD Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Flue Gas Desulfurization FGD Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Flue Gas Desulfurization FGD market is categorized based on

By Product Type

• Wet FGD Systems
• Dry FGD Systems
• Semi-Dry FGD Systems
• Spray Dry FGD Systems
• Circulating Dry FGD Systems

By Application

• Coal-fired Power Plants
• Industrial Boilers
• Waste Incineration Plants
• Marine Vessels
• Cement Plants

By Distribution Channel

• Direct Sales
• Indirect Sales

By Ingredient Type

• Limestone
• Lime
• Sea Water
• Sodium Carbonate
• Ammonia

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Fluor Corporation
• GE Steam Power
• Alstom S.A.
• Siemens AG
• Thyssenkrupp AG
• Valmet Oyj
• ritz AG
• Burns & McDonnell
• Ducon Technologies
• Worley Limited
• Jacobs Engineering Group
• Doosan Lentjes GmbH
• McKinsey & Company
• Hitachi Zosen Corporation
• SPX Flow, Inc.