Veolia North America Acquires Sulfur Product Assets

Veolia North America intends to take over Chemours’ Sulfur Products division, a specialist in the recovery of sulfuric acid and gases of the refining process, which are regenerated in clean acid and steam used in wide range of industrial activities.

The division will be part of Veolia North America’s Industrial Business. Sulfuric acid is one of the most important compounds made by the chemical industry and is used to manufacture hundreds of compounds needed by almost every industry. Natural gas and oil contain sulfur compounds, both organic and hydrogen sulfide, which must be removed before they are used as fuels or chemical feedstock. Through the takeover of Chemours’ Sulfur Products assets for 325 million US-Dollar, Veolia complements its asset base in the regeneration business, and thus the circular economy. The company will also be able to rely on the inherent technical expertise relating to sulfur through Chemours’ Acid Technology Center, which boasts 18 engineers who exclusively support the Sulfur Products division. Parties anticipate closing the transaction within the second half of 2016, subject to customary closing conditions and regulatory approvals.