Evonik

The Chemical Engineer | September 27, 2018

EVONIK, a world leader in specialty chemicals, is to build a new silicones plant at its Geesthacht site in Northern Germany, 30 km outside of Hamburg. The new, multi-purpose silicones manufacturing facility (expected to be operational by the end of 2019) will be a “double-digit million-euro” investment for the company, though it declined to give an exact figure at this stage. The facility will provide additional capacity for Evonik’s range of silicones and silane-terminated pol...

Chemical & Engineering | January 24, 2018

Three separate European groups plan to build electrolysis plants that will use renewable energy to split water and make hydrogen. The groups say they are motivated by the opportunity to make production of hydrogen, now derived mostly via natural gas reforming, more sustainable.The chemical maker Evonik Industries has teamed up with Siemens in a two-year “artificial photosynthesis” research project that will use electrolysis powered by renewable electricity to convert water and carbon...

Nasdaq | January 15, 2020

Atotech, a Carlyle-backed specialty chemicals company carved out of Total, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.However, the deal size is likely a placeholder for an IPO that we estimate could raise $1 billion. The Berlin, Germany-based company was founded in 1993 and booked $1.2 billion in revenue for the 12 months ended September 30, 2019. It plans to list on the NYSE under the symbol ATC. Atotech filed confidentially on June 7, 2019. ...

PR Newswire | January 14, 2020

The new LDPE unit had not yet achieved beneficial operation (BO) as planned for in December 2019. The unit was in the final stages of commissioning and startup when the incident occurred. The unit has been shut down and an investigation is underway to determine the cause of the incident, the extent of the damage and resulting impact on the LDPE unit's BO schedule. All other Lake Charles units and previously commissioned LCCP units, namely the ethane cracker, ethylene glycol/ethylene oxide an...