Evonik is pooling its expertise and integrating its alkoxides business into the Catalysts business line. The extensive portfolio of heterogeneous catalysts is thus now complemented by homogeneous catalysts. An international network of production sites and the highly experienced alkoxides team will additionally strengthen the Catalysts business line, one of Evonik's growth areas, from January 2023.
The chemical industry is undergoing a profound transformational process. Driven primarily by sustainability issues such as the circular economy, CO2 reduction or decarbonization, catalysts are at the heart of this transformation, as they are needed for approximately 80 percent of all chemical processes.
The internal integration supports transformation of the chemical industry as well as the Catalysts expansion strategy on the way to becoming a leading global catalyst supplier for the chemical industry.
"Currently, the global market for catalysts is very fragmented," said Business Line Manager Sanjeev Taneja. "Against this backdrop, we continue our growth journey by providing innovative catalysts and adsorbents delivering sustainable customer value. We are gradually expanding our product and service portfolio in the direction of Next Generation Solutions - be it through targeted acquisitions or strategic collaborations thus enabling our customers master their own transformation. And we do this by offering catalysts that enable new sustainable production processes, products and applications. The integration of the alkoxides will boost our efforts.”