BOWLING GREEN, Ky. and
RIYADH, Kingdom of
Saudi Arabia, May 20, 2024
/PRNewswire/ -- International Industrial Partners LLC (IIP)
and NEZ Limited (NEZ) today announced their new strategic
partnership, including the establishment of NEZ International
Industrial Partners Limited in the Abu Dhabi Global Market and
in the Kingdom of Saudi Arabia
(NEZ IIP).
The partners will collaborate through NEZ IIP to deploy
technologies currently available to IIP and its partners, including
Extrakt Process Solutions LLC (which recently signed an alliance
agreement with Bechtel to commercialize the Extrakt technologies
for precious mineral recovery, hydrocarbon separation, dewatering
of mine waste, and other related processes
https://www.prnewswire.com/news-releases/extrakt-and-bechtel-partner-to-commercialize-groundbreaking-solid-liquid-separation-technology-302066665.html)
and RF Group Companies EOR technologies, in the Kingdom of Saudi Arabia with the support of
NEZ Limited. The Joint Venture will also focus on other key large
scale industrial projects within the Kingdom of Saudi Arabia.
Commenting on the launch of the strategic partnership, Mr.
William Florman, Co-Founder of IIP,
Founder of Extrakt Process Solutions LLC and Founder of RF Group
Companies as well as a member of the Reynolds family that founded
Reynolds Metals Company, commented on the announcement: "We are
very excited to be working with the experienced and sophisticated
team at NEZ to deploy these solutions to pressing environmental
needs and be part of the momentous progress currently being made in
the Kingdom of Saudi
Arabia".
Co-Founder of NEZ, Mr. Salman, a senior executive with extensive
experience in the Saudi Arabian energy industry, said: "This
partnership provides us with the ability to introduce to the
Kingdom a variety of cutting-edge technologies and partners to
support the development of the mining, metals and energy industries
in a sustainable manner".
About IIP
IIP was established by Mr. William Florman and Mr. Calvin Schmidt, an international business
executive with over 30 years' experience, in order to work with
select partners globally on large scale industrial projects in the
energy, mining and metal industries. It is headquartered in
Bowling Green, Kentucky.
About NE
NEZ was established by His Royal Highness
Prince Abdulmajeed Abudulelah of the Kingdom of Saudi Arabia and Mr. Salman Hammad
H Alotaibi in order to support the realization of the development
goals set out in the 2030 Plan. It is headquartered in
Riyadh, Saudi Arabia.
About Extrakt
Extrakt is a technology company that is
focused on separation technologies for precious mineral recovery,
hydrocarbon separation as well as dewatering of mine waste and
other related processes. The company has a global patent
portfolio and continues to develop new processes and
technologies.
Contact: Jennifer Roush |
jenr@groupcompanies.com
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content:https://www.prnewswire.co.uk/news-releases/us-firm-with-iconic-roots-partners-with-prestigious-saudi-firm-to-bring-technologies-and-development-to-the-kingdom-302150361.html