eCombustible Energy terminated a $805m merger agreement with Benessere Capital Acquisition.

eCombustible Energy, an innovator and provider of customizable hydrogen-based fuel for thermal industrial applications, terminated its $805m merger agreement with Benessere Capital Acquisition, a SPAC. "We believe a carbon-free future will best be achieved on a win-win basis, with fossil fuel-reliant industries being empowered to transition to clean and renewable energy solutions without crippling investments. This business combination is intended to fuel the acceleration and adoption of eCombustible, and we are confident that we can help many of the world's largest industrial companies' transition to our carbon-free fuel and advance ESG objectives in a seamless, viable, and impactful way," Jorge Arevalo, eCombustible Energy CEO. On October 17, 2022, eCombustible terminates merger with Benessere Capital.