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.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
‘We will now take the necessary time to consider and evaluate the verdict and the premises of the verdict thoroughly before making any decision of whether to appeal to a higher court,’ informs company.