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DuPont offloads scrubber unit, clean tech businesses to private equity consortium

04 Jan 2022

New York listed DuPont de Nemours, Inc. (DuPont) on Friday (31 December) has successfully sold off its clean technology businesses, including the scrubber systems provider Belco Technologies Corporation, to an international private equity consortium for an undisclosed figure.

The consortium, which consists of BroadPeak Global LP (BroadPeak), Asia Green Fund (AGF) and The Saudi Arabian Industrial Investments Company, has launched Elessent Clean Technologies (Elessent) on 1 January 2022 to take over operations of the new acquisitions.

Elessent aims to be a global leader in process technologies to drive sustainability and carbon neutrality in the metal, fertilizer, chemical and oil refining industries.

It 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.”

Note: Derived from the words “element” and “essential,” Elessent helps customers produce, optimize or separate essential elements every day. 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 minimize the impact on the environment while enabling our customers to produce essential elements critical to everyday life.

 

Photo credit: Scott Graham on Unsplash
Published: 4 January, 2021

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