September 29, 2023
(press release)
–
Hanau, Germany. Evonik Industries has completed the relocation and expansion of its precious metal powder catalyst plant in Shanghai Chemical Industrial Park (SCIP). Production is scheduled to commence in Q4, 2023. Precious metal powder catalysts are widely used in industrial chemicals, life sciences and fine chemicals and are sold under Evonik’s Noblyst® P brand name. “China is one of the most important precious metal powder catalyst markets globally. This expansion enables us to meet local demand with the supply of high-quality products to fast-growing applications like active ingredients for pharma or agrochemicals, and other industries where catalyst performance is a main value creator for our customers,” says Dr. Lorenza Sartorelli, the Global Head of Production & Technology at Evonik’s Catalysts business line. The new state of the art plant fulfils not only international safety and quality standards, but builds on Evonik Catalysts expertise in this technology platform. This enables the optimized production of customized products and a higher standardization of the established operation processes, leading to increased quality consistency for customers. With this new plant, Evonik has completed the upgrade of its global network of five precious metal catalyst plants that offer the complete package, from catalyst customization and joint development to catalyst manufacturing and precious metal management & refining services. 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 €18.5 billion and an operating profit (adjusted EBITDA) of €2.49 billion in 2022. Evonik goes far beyond chemistry to create innovative, profitable, and sustainable solutions for customers. About 34,000 employees work together for a common purpose: We want to improve life today and tomorrow. The Smart Materials division includes businesses with innovative materials that enable resource-saving solutions and replace conventional materials. They are the smart answer to the major challenges of our time: environment, energy efficiency, urbanization, mobility and health. The Smart Materials division generated sales of €4.83 billion in 2022 with about 7,900 employees. In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
