0:30 What kind of business is Porocel?
2:00 How did Porocel during the last years?
4:53 What are the main growth drivers for Procel?
Evonik is acquiring the Porocel Group for US$210 million to accelerate the growth of its catalysts business. Based in Houston, Texas (USA), Porocel offers a technology for highly efficient rejuvenation of desulfurization catalysts, which are in increasing demand to produce low-sulfur fuel. Rejuvenation reduces carbon-dioxide emissions by more than 50 percent compared with the production of new desulfurization catalysts. In addition, Porocel has available production capacity, enabling Evonik to speed up expansion of its existing business with fixed-bed catalysts.
In a strategic update with Tim Lange, head von Investor Relations of Evonik, Claus Rettig, head of the Smart Materials division, gives an insight into the new perspectives that the acquisition of Porocel offers.
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Evonik. Leading Beyond Chemistry.
Evonik is one of the world’s leading specialty chemicals companies. What drives us? Leading beyond chemistry to improve life, today and tomorrow.
We contribute the small things that make a big difference. We make electric car batteries perform better, aircraft greener, medications more effective and 3D printers more efficient. In short: We think beyond the bounds of chemistry to make the world a better place. Today and tomorrow. We are an international group with a workforce of over 32,000 people spread across more than one hundred locations. Our daily work is shaped by global concerns, such as sustainability, diversity and digitalization. In all our business decisions, we take the present and future generations into consideration. After all, being ready for tomorrow is our business.
