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Specialty Chemicals

Veolia to sell sulfuric acid regeneration business

by Matt Blois
August 15, 2024 | A version of this story appeared in Volume 102, Issue 25
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Veolia is selling its sulfuric acid regeneration business to the private equity firm American Industrial Partners for $620 million. The business regenerates spent sulfuric acid and potassium hydroxide at oil refineries, and it sells sulfuric acid to other industries. Veolia bought the business from Chemours for $325 million in 2016. Veolia says the division didn’t fit into its new strategic priorities, which are energy, water technology, and hazardous waste treatment.

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