PE consortium buys Clean Technologies business from Dupont
Digitization

PE consortium buys Clean Technologies business from Dupont

The new, independent company has been named Elessent Clean Technologies and is a global leader in process technologies to drive sustainability and carbon neutrality

  • By ICN Bureau | January 03, 2022

International private equity consortium, consisting of BroadPeak Global, Asia Green Fund (AGF), and The Saudi Arabian Industrial Investments Company (Dussur) completed its transaction to purchase the Clean Technologies business of DuPont de Nemours, Inc.

The new, independent company has been named Elessent Clean Technologies and 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 to which these industries have grown accustomed from the Clean Technologies business over the years, 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,” added Ben-Shoshan.

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.

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