Charleston, USA. Evonik, one of the world’s leading silica producers, invests in a plant expansion for precipitated silica at its site in Charleston, USA. The new line in South Carolina is satisfying the high demand in particular from the tire industry in North America and makes the supply chains of Evonik partners in the region resilient … Read more
Specialty chemicals company Evonik has begun work to expand its POLYVEST® HT plant in Marl, Germany. The Coating & Adhesive Resins business line expects the additional production capacity for its hydroxyl-terminated polybutadienes (HTPB) – marketed under the brand name POLYVEST® – to be ready as early as the second quarter of 2024 following the double-digit … Read more
Evonik has modernized the infrastructure of its Antwerp site to strengthen its business with AgraLi® and blueSulfate®, two by-products of methionine production that are mainly used as fertilizers. Along with two new storage tanks, a new, fully automated loading station for tank trucks will increase the safety and efficiency of the loading process to ensure … Read more
Shanghai, China – Evonik Industries has successfully completed the relocation and expansion of its state-of-the-art precious metal powder catalyst plant, located within the Shanghai Chemical Industrial Park (SCIP). The production is poised to commence in the fourth quarter of 2023, marking a significant milestone for the company’s continued growth in the precious metal catalyst market. … Read more
Operations have begun at leading chemical producer Qixiang Tengda’s new propylene oxide complex in Zibo City, China, using technology from Evonik and thyssenkrupp Uhde. The technologically integrated setup offers significant ecological and economic benefits compared to conventional production methods for propylene oxide. With the capacity to produce 300,000 tons of propylene oxide each year, the … Read more
Evonik, a prominent player in the chemical industry, is making noteworthy strides in its DL-methionine production plant expansion located in Singapore. To achieve a crucial milestone in the construction process, the production at the Singapore plant on Jurong Island will experience a temporary reduction for three months in the fourth quarter of 2023. Following this, … Read more
Evonik has acquired Novachem, an Argentinian sustainable cosmetic actives innovator. Novachem offers a strong, innovative portfolio of biotechnological, natural and sustainable cosmetic active ingredients with scientifically proven claims that will boost Evonik’s portfolio of System Solutions. Signing and closing took place on 30 June 2023, subject to official approval by the authorities. Novachem will be … Read more
Evonik has begun construction of a new production plant for alkoxides in Southeast Asia. The mid-double-digit million-euro investment will enhance supply security for customers in the region and further strengthen the company’s global alkoxides business. The company is expanding its production capabilities in response to the growing demand for alkoxide catalysts, which are primarily used … Read more
Evonik, a leading specialty chemicals company, has announced plans to double its global capacity for VESTAMID® E, a polyether block amide (PEBA) high-performance polymer. The move comes as demand for the raw material, which is used extensively in the global athletic footwear market, continues to surge. Major Expansion at Multi-User-Site in Shanghai Evonik’s capacity expansion … Read more
German specialty chemicals company, Evonik, has signed an agreement to sell its Lülsdorf site and associated cyanuric chloride business in Wesseling, Germany, to Luxembourg-based International Chemical Investors Group (ICIG). The purchase price has not been disclosed. The transfer of ownership is set to take place in mid-2023, pending antitrust clearance and approval from Evonik committees. … Read more
Evonik has officially begun construction of its $220 million global-scale production facility for pharmaceutical specialty lipids in Lafayette, Indiana, in the United States. The new facility is expected to secure the industry’s access to critical excipients needed for mRNA vaccines and other nucleic acid therapies. The plant is scheduled to go onstream in 2025. “Our … Read more
Evonik Catalysts has announced its plans to increase production capacities for its activated nickel powder catalysts marketed under the KALCAT and Metalyst brands. The company is set to expand its production sites in Hanau, Germany, and Dombivli, India in response to the growing demand for precious metal-free powder hydrogenation catalysts in the pharmaceutical, agrochemical, and … Read more
Evonik, a global leader in silica manufacturing, has announced an investment in the expansion of its production plant for fumed aluminum oxide in Yokkaichi, Japan. The expansion, which is set to become operational in 2025, will be the company’s first alumina plant in Asia and will focus on the production of specialty solutions for lithium-ion … Read more
Evonik, a global specialty chemicals company, has made a significant investment in Chinese battery specialist SuperC. SuperC is a leading innovator in using graphene materials to improve the range, robustness, charging speed, and service life of lithium-ion batteries, which can help overcome key limitations in electric vehicles and accelerate the transition to eco-friendly mobility. According … Read more
Calibre Chemicals (Calibre), a specialty chemicals company, has entered into a definitive agreement to acquire 100% shareholding of RheinPerChemie GmbH (RPC), from Evonik, a globally leading specialty chemical company. RPC, located in Rheinfelden Germany, is a prominent manufacturer of ammonium and sodium persulphates in Europe. Calibre is one of the largest manufacturer of potassium persulphate, … Read more
Evonik said it has delivered first batches of the urgently needed lipids for the mRNA-based vaccine to BioNTech months earlier than planned. Specialists at Evonik’s Hanau site had set up the lipid production in just eight weeks, meeting the high-quality requirements for the component. Initially, delivery was scheduled to start in the middle of the … Read more
Evonik has closed its previously announced acquisition of the Lactel Absorbable Polymers product line from Durect Corporation on December 31, 2020. All Durect employees associated with the Lactel business in Birmingham, Ala., accepted the offer to join Evonik in similar roles, according to Essen, Germany-based Evonik. The deal closed Dec. 31, 2020. Evonik will integrate … Read more
Evonik announced that the company completed the acquisition of desulfurization catalyst rejuvenation firm, Porocel Group for US$ 210 million, as planned. Porocel’s global activities in the field of desulfurization catalyst rejuvenation, sulfur recovery catalysts, and alumina-based purification adsorbents represent an expansion of Evonik’s catalyst portfolio. Evonik is integrating the company into the Smart Materials Business … Read more
Evonik is acquiring the Porocel Group, a catalyst rejuvenation firm, for US$210 million to accelerate the growth of its catalysts business. The purchase price (enterprise value) is 9.1 times adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in 2019, which is an attractive valuation for a high-quality asset in the catalyst sector. The transaction … Read more
Evonik and Swedish manufacturer, Perstorp, expanded the sales and distribution of ProPhorce SR 130 to the Indian subcontinent: India, Nepal, Sri Lanka, Bangladesh and Pakistan to further strengthen the partnership. The move follows the announcement in May of Evonik’s exclusive distribution of the product in sub-Saharan Africa. The latest development will intensify the sales, marketing … Read more