Evonik Expands Catalysts Portfolio

  • Author: ChemistryViews
  • Published: 05 November 2020
  • Copyright: Wiley-VCH GmbH
  • Associated Suppliers: Evonik Industries AG, Essen, Germany
thumbnail image: Evonik Expands Catalysts Portfolio

Evonik completed the acquisition of the Porocel Group, Houston, TX, USA, 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 Unit.

With the technology for the highly efficient rejuvenation of desulfurization catalysts, Evonik will be able to serve the growing market for low-sulfur fuels. Catalyst rejuvenation reduces CO2 emissions, contributes to sustainability and the transition to the circular economy, thus enabling the reduction of the carbon footprint.

Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €13.1 billion and an operating profit (adjusted EBITDA) of €2.15 billion in 2019. Porocel generated sales of approximately US$ 100 million and EBITDA of about US$ 23 million in 2019. The EBITDA margin at around 23 % is above Evonik's target range of 18–20 %.


 

 



 

Article Views: 2559

Sign in Area

Please sign in below

Additional Sign In options

Please note that to comment on an article you must be registered and logged in.
Registration is for free, you may already be registered to receive, e.g., the newsletter. When you register on this website, please ensure you view our terms and conditions. All comments are subject to moderation.

Article Comments - To add a comment please sign in

If you would like to reuse any content, in print or online, from ChemistryViews.org, please contact us first for permission and consult our permission guidance prior to making your request

Follow on Facebook Follow on Twitter Follow on YouTube Follow on LinkedIn Follow on Instagram RSS Sign up for newsletters

Magazine of Chemistry Europe (16 European Chemical Societies) published by Wiley-VCH