DuPont acquires IsoTherming Technology
NEW YORK, Aug. 30 (Xinhua) -- DuPont announced Thursday it has acquired from Process Dynamics, Inc., certain business assets including the intellectual property of IsoTherming Technology, a leading technology used to dramatically reduce sulfur in motor fuels.
"Because IsoTherming Technology provides a faster and less expensive way for refiners to make cleaner fuel, this acquisition will further strengthen this emerging business as it grows to become a leader in providing integrated environmental solutions for the refining industry," said DuPont Clean Technologies Business Director James S. Pawloski said.
The IsoTherming Technology business will be integrated into DuPont Clean Technologies, a part of DuPont Chemical Solutions Enterprise, as a clean fuel offering.
However, financial terms of the acquisition were not disclosed.
Founded in 1802, DuPont operates in more than 70 countries, offering a wide range of products and services for markets including agriculture, construction, communications and transportation.
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