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358 Current news of Evonikrss
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Key Financial Data: Third Quarter 2020
Despite the persistently challenging macroeconomic environment, Evonik continues to manage well in the crisis. In the third quarter, the company achieved adjusted EBITDA of €519 million, down just 4 percent from the same quarter of the previous year. Sales amounted to €2.92 billion, compared with ...
Evonik and Siemens Energy put pilot plant into operations
Evonik and Siemens Energy commissioned a pilot plant sponsored by the German Federal Ministry of Education and Research (BMBF) that uses carbon dioxide and water to produce chemicals. The necessary energy is supplied by electricity from renewable sources. The pilot plant is located in Marl, in ...
Acquisition gives Evonik access to catalyst rejuvenation technology and to available production capacity
Evonik is acquiring the Porocel Group for US$210 million to accelerate the growth of its catalysts business. Based in Houston, Texas, Porocel offers a technology for highly efficient rejuvenation of desulfurization catalysts, which are in increasing demand to produce low-sulfur fuel. Rejuvenation ...
Sales decline 14 percent on weaker demand, adjusted EBITDA falls 19 percent
Against the backdrop of the worldwide recession triggered by the Corona pandemic, Evonik is getting through the crisis well. Nevertheless, sales and earnings in the second quarter decreased compared to the previous year due to significantly weaker demand in some markets. Company sales fell by 14 ...
With this cooperation, chembid and Evonik want to simplify the processes from the production to the sale of coating products for their customers
chembid and the Coating Additives Business Line of Evonik announce their cooperation. The platforms have set themselves the goal of making processes and decisions for chemical companies more efficient and driving forward the digitization in the chemical industry. The basis for this are ...
Polymer chemistry is the key to efficient electrolysis
Green hydrogen is a beacon of hope in the energy transition, both as a carbon-free fuel for industry and transportation, and as a key raw material for the chemical industry. Green hydrogen is produced from water by electrolysis using electricity generated from renewable resources. It is still ...
Consortium of 24 partners: Innovative plant combines several previously separate production steps
Evonik is continuing to strengthen its position as one of the leading companies in the field of C4 chemistry. MACBETH (Membranes And Catalysts Beyond Economic and Technological Hurdles), the largest EU-funded project coordinated by Evonik to date, was recently launched The aim is to develop a new ...
New company structure mirrors strategy
Evonik has kept earnings stable despite a deteriorating global economy. Adjusted EBITDA in 2019 was €2.153 billion compared with €2.150 billion in the previous year. Sales fell slightly by 1 percent to €13.1 billion. “We achieved our outlook and kept our earnings stable even in a market ...
New multi-purpose silicone production facility in Geesthacht, Germany
Following its double-digit million euro investment and after less than 18 months of construction, Evonik officially opened its new multi-purpose silicones manufacturing facility in Geesthacht, Germany. A celebratory inauguration ceremony was held at the site on 10th January. Located in Northern ...
Realization of a "Dream Reaction": First direct carbonylation of 1,3-butadiene successful
A research team with leading participation of Evonik has achieved a breakthrough in the field of carbonylation chemistry. Carbonylation is one of the most important types of reaction in the chemical industry. It involves the catalyzed introduction of a CO group (carbonyl group) into organic ...