Evonik
Evonik is building a pilot plant in Marl for the production of its anion exchange membrane (AEM for short). The company developed this membrane itself and markets it under the name Duraion. As a central component of the AEM water electrolysis, it has the potential to enable the cost-effective production of green hydrogen. Evonik is investing an amount in the low double-digit million euro amount in...
In the third quarter of this year, Evonik again earned significantly more than in the same period of the previous year. Group sales increased by two percent to €3.83 billion. Prices remained stable, while sales volumes rose by five percent. Adjusted Ebitda increased by 19 percent to €577 million from July to September. As a result, the specialty chemicals group reached the level of the second...
Evonik is driving forward the green transformation of industry. In its new innovation strategy, the specialty chemicals company is focusing even more strongly on the topic of sustainability. To this end, it is bundling a large part of its R&D activities into three new innovation growth cores. They are expected to achieve additional sales of 1.5 billion euros by 2032 compared to 2023.
With the successful completion of the sale of the superabsorbents business to the International Chemical Investors Group (ICIG), Evonik has finalized the sale of the Superabsorbents Business Unit. The transaction was closed on August 31, 2024, following approval by the antitrust authorities. Superabsorbents are powdered polymers that are used as highly absorbent materials in diapers and other...
Evonik significantly increased its earnings in the second quarter of 2024 despite a persistently difficult economic environment. The final figures confirm the preliminary data announced on July 15: adjusted EBITDA rose by 28 percent to €578 million compared to the previous year. Free cash flow was clearly positive at €217 million, following a cash outflow of €203 million a year earlier. “We are...
The energy supplier Vattenfall and the specialty chemicals company Evonik have concluded new long-term electricity supply contracts. From 2025, two Vattenfall solar parks in Schleswig-Holstein will supply Evonik with around 120 gigawatt hours of solar power per year for chemical production. The contracts have a term of ten years and fixed conditions ("Power Purchase Agreement", PPA). In this way...
The industry is discovering more and more possibilities for the use of artificial intelligence (AI). However, when implementing and using AI in the chemical industry, many peers face similar challenges that still need to be solved. For this reason the chemical companies Covestro and Evonik as well as the consulting firm Accenture invited managers from production and technology divisions of Bayer...
Evonik is building a new, highly flexible world-scale production facility for pharmaceutical lipids in the USA. The new facility at Evonik's Tippecanoe site in Lafayette, Indiana, will broadly position the company for future growth in new type mRNA-based therapies beyond Covid-19 vaccines. Construction will begin in early 2023, with the facility expected to be operational two years later. The...
Bilfinger and specialty chemicals company Evonik have signed a comprehensive framework agreement for the maintenance of three production facilities in Texas, USA. Over the next three years, Bilfinger will provide all maintenance services and turnaround support for Evonik's plants in Deer Park, Bayport and Pasadena. Having supported Evonik in the past with the construction of its production site in...
Dupont inaugurated last friday the new Thermo-Man burn test unit at its European Technical Center (ETC) in Meyrin, in the canton of Geneva, Switzerland. The event also included an explorative journey through the Dupont European Technical Center, where Dupont engineers and technicians work with key partners to test and develop new safety garments to the most stringent global standards. During 2018...
