- Mergers & Acquisitions
DuPont’s Clean Technologies business re-branded as Elessent
An international private equity consortium, consisting of BroadPeak Global LP, Asia Green Fund and The Saudi Arabian Industrial Investments Company, has completed its purchase of the Clean Technologies business of DuPont de Nemours, Inc.
The new, independent company, which has been re-branded as 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. The company is headquartered in Chesterfield, Missouri, U.S.A.
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.
Derived from the words “element” and “essential,” Elessent will help 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 the 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.
“We are excited about what the future holds for us as a standalone company,” said Elessent CEO, Eli Ben-Shoshan, who is based in Houston, Texas, U.S.A. “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.”
A graduate of Stanford University (BA Quantitative Economics, BS Physics, and MBA), Ben-Shoshan was the Global Business Leader of DuPont Clean Technologies until December 2021. The transaction to purchase the Clean Technologies business of DuPont de Nemours, Inc. was completed on December 31, 2021.