American Industrial Partners Takes Over Veolia’s Sulphuric Acid Regeneration Division
- 01-Aug-2024 3:11 PM
- Journalist: Jacob Kutchner
American Industrial Partners (AIP) has successfully acquired the Sulphuric Acid Regeneration Business from Veolia North America. This acquisition includes Veolia’s operations in sulphuric acid and potassium hydroxide regeneration, sulphur gas recovery, and the production of sulphur-based products. Following the acquisition, the company has been rebranded as Nexpera. Under its new name, Nexpera aims to leverage advanced expertise in industrial chemistry to enhance service and innovation for its customers, setting a new standard in the field.
The Company, now rebranded as Nexpera, is a key player in the circular economy, offering essential environmental services and products. It specializes in helping refineries manage sulphur gas and regenerate spent sulphuric acid and potassium hydroxide, crucial for the alkylation process. Nexpera's product portfolio extends to sulfuric acid and sulfur derivatives, catering to a diverse industrial clientele. Key applications include semiconductor fabrication, gold and copper extraction, and the burgeoning electric vehicle battery sector. By providing these critical services and products, Nexpera supports sustainable industrial practices and contributes to environmental efficiency across multiple sectors.
As a provider of essential circular economy environmental services and products, the Company plays a crucial role in the industrial sector. It assists refineries in the clean processing of sulphur gas and the regeneration of spent sulphuric acid and potassium hydroxide, both vital for the alkylation process. Beyond this, the Company produces sulphuric acid and sulphur derivatives used across diverse industrial applications, including semiconductor manufacturing, gold and copper mining, and electric vehicle battery production. Through its comprehensive offerings, the Company supports sustainable practices and enhances efficiency in various critical industries.
Stuart Thomas, CEO of the Company, highlighted the significant progress in the industry over the past two decades, positioning them as a leading provider of outsourced refinery regeneration services. He expressed optimism about the future, noting that the business is poised to benefit from favorable trends. The partnership with AIP is expected to enhance their ability to seize new opportunities and drive growth. Thomas is enthusiastic about the upcoming phase of development and looks forward to collaborating with AIP to shape their future expansion.
Alex Schukin, Partner at AIP, emphasized that Nexpera’s business units are well-aligned with key market trends such as clean fuel production, emission reduction, and the reshoring of industrial activities in the U.S. He expressed enthusiasm about collaborating with Nexpera to help their customers meet the increasing global demand for clean-burning fuel components. Schukin highlighted Nexpera’s crucial role in the nation’s energy infrastructure and its ability to address diverse, high-value applications across the industrial sector. He looks forward to leveraging this partnership to advance sustainable and efficient regeneration services.