ICL today announced that its ICL Industrial Products segment has sold its Clearon Corp. business unit to Hui Yu Xin American Corp., a subsidiary of Dalian Hui Yu Xin Technology Development Co., Ltd., a Chinese specialty chemicals company.
Clearon is a leading manufacturer and supplier of water treatment chemicals for the pool and spa industry. The sale does not include ICL’s brominated biocides business for industrial applications which is a core activity and which ICL will continue to operate separately from Clearon. Clearon intends to continue to sell brominated biocide products to the pool and spa industry.
The sale of Clearon is part of ICL’s ‘Next Step Forward’ strategy to divest its non-core businesses to focus on its core businesses in the agriculture, food and engineered materials markets and to optimize its positioning in those markets.
Commenting on the transaction, ICL Industrial Products President, Charles Weidhas, stated, “We are delighted to sell Clearon to an industry leader like Dalian which intends to further develop Clearon’s world-class pool and spa water treatment business. We view Dalian as an optimal owner for Clearon, and believe it will build on Clearon’s strong reputation as a market leader with premier water treatment products and service capabilities. This is an optimal transaction for ICL and Dalian, as well as for Clearon’s dedicated managers and employees. We wish them much success going forward in the future.”
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?