(IN BRIEF) Specialty chemicals company Evonik is investing double-digit millions of euros to expand its POLYVEST® HT plant in Marl, Germany. This expansion, expected to be completed by the second quarter of 2024, will increase production capacity for hydroxyl-terminated polybutadienes (HTPB), marketed under the brand name POLYVEST®. The move aims to reinforce Evonik’s position as a cost and innovation leader in a competitive market. The company benefits from supply security for raw materials as it produces butadiene on-site and receives hydrogen peroxide from the Evonik Group. The Marl site also houses research and development teams, ensuring a seamless transition from laboratory testing to production.
(PRESS RELEASE) MARL, December 17, 2023 – /EuropaWire/ – Specialty chemicals company Evonik has started painting at its POLYVEST® HT plant in Marl, Germany.
“As we expand our operations, we will continue to provide reliable service to our global customers,” says Dr. Stefan Pfaffenbach, Chief Commercial Officer. “In a highly competitive market, we are strengthening our position as a leader in terms of pricing. and innovation. “
The expansion comes ten years after the start of production at the HTPB plant in Marl. Dr. Jürgen Herwig, Head of the Polybutadienes and Special Acrylates product range, says: “Dual-use products such as polybutadienes require a high degree of sensitivity and expertise in dealing with consumers and authorities. That’s why, when it comes to bringing this highly specialized product to market, we can leverage the expertise and expertise of our colleagues to promote additional capabilities. “
Production is incorporated upstream, as butadiene is produced directly at the Marl site and hydrogen peroxide is provided through the Evonik Group. As a result, Evonik benefits from a secure source of raw fabrics for its POLYVEST® production. In addition, the Evonik application generation and R&D groups are also located at the Marl facility, offering a seamless link from progress and lab testing to production.
POLYVEST® HT is a hydroxyl-terminated liquid polybutadiene produced by loose radical polymerization. The polymer has a highly hydrophobic polybutadiene column and number one hydroxyl equipment available for precise chemical modification.
POLYVEST® HT is used as a polyol component in adhesive and sealant applications. POLYVEST® HT-A is intended for aerospace applications.
COMPANY INFORMATION
Evonik is one of the world’s leading specialty chemical companies. The company is active in more than one hundred countries around the world and generated liquidity of €18. 5 billion and operating profit (adjusted EBITDA) of €2. 49 billion in 2022. Evonik goes far beyond chemistry to create innovative, cost-effective and sustainable answers for its customers. Around 34,000 painters work in combination with a common goal: what we need for the lives of today and tomorrow.
ABOUT SMART MATERIALS
The Smart Materials department includes corporations with state-of-the-art fabrics that enable resource-efficient responses and update traditional fabrics. They are the wise response to the main demanding situations of our time: environment, energy efficiency, urbanization, mobility and health. The Smart Materials department generated sales of €4. 83 billion in 2022 with around 7,900 employees.
DISCLAIMER
To the extent forecasts or expectations are expressed in this press release or where our statements relate to the future, such forecasts, expectations or statements may involve known or unknown dangers and uncertainties. Actual effects or advances are likely to vary based on adjustments in performance. environment. Neither Evonik Industries AG nor its organizational corporations assume any legal responsibility to update the forward-looking statements, expectations or statements contained in this press release.
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SOURCE: EVONIK
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