1 January 2022 marked the beginning for Elessent Clean Technologies as an international private equity consortium, consisting of BroadPeak Global LP, Asia Green Fund (AGF) and The Saudi Arabian Industrial Investments Company (Dussur).
The international private equity consortium also completed its transaction to purchase the Clean Technologies business of DuPont de Nemours Inc. on 31 December 2021.
Elessent Clean Technologies is a global leader in process technologies to drive sustainability and carbon neutrality in the metal, fertilizer, chemical and oil refining industries. Elessent retains exclusive rights to the technologies, expertise, products, and services including: MECS® sulfuric acid and environmental technologies, BELCO® scrubbing technologies, STRATCO® alkylation technology and IsoTherming® hydroprocessing technology.
“We are excited about what the future holds for us as a standalone company,” said Elessent CEO, Eli Ben-Shoshan, “The strong global expertise of the Group will accelerate our mission to deliver the technology and tailored solutions our customers need to more efficiently produce cleaner products for the world.”
The name ‘Elessent’ is derived from the words ‘element’ and ‘essential’. From the production of carbonless energy to the production of sulfuric acid for the metals and fertilizer industries, and from removal of sulfur from refined oil products to air pollution control, Elessent creates clean alternatives to traditional industrial processes to minimise the impact on the environment while enabling its customers to produce essential elements critical to everyday life.
Read the article online at: https://www.hydrocarbonengineering.com/refining/04012022/elessent-acquires-duponts-clean-technologies-business/
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