New Year’s Day 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) completed its transaction to purchase the Clean Technologies business of DuPont de Nemours, Inc. on 31 December 2021.
The new, independent company has been named Elessent Clean Technologies. Elessent retains exclusive rights to 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.”