Veolia has closed the acquisition of Chemours' Sulfur Products division assets, announced last June. Chemours Sulfur Products Division is a specialist in the recovery of sulfuric acid and gases of the refining process, which are regenerated into clean acid and steam used in wide range of industrial activities. With this operation, Veolia strengthens the asset base of its Industrial regeneration business in the Oil and Gas industry in the United States.
"Chemours Sulfur Products division is an excellent complement to Veolia existing business, notably in North America, and will reinforce our recovery and regeneration capabilities. As a leader in hazardous waste management as well as resource recovery, we look forward to developing this business", says Veolia Chairman and Chief Executive Officer Antoine Frérot. "We are thrilled to welcome the employees and seven operating sites into our North American business", adds Veolia North America CEO William J. "Bill" DiCroce.
This purchase provides Veolia with a highly differentiated services offering to allow it to move up the value chain with existing refinery customers, along with an opportunity to cross-sell its existing offerings to a new customer base. It also presents growth opportunities within the refinery services sector, and it positions Veolia to capture future demand for clean gasoline related products.