August 18, 2017 5:39 PM ET


Company Overview of Evonik Corporation

Company Overview

Evonik Corporation develops and manufactures specialty chemicals for customers in North America and internationally. It offers cosmetic additives, additives for food and animal feed, pharmaceuticals and biotechnology products, oilfield chemicals, membranes, composites, electronic materials, and other products. It serves automotive, transportation, and machinery; metals and mining; oil and gas; printing, paints, and coatings; pulp, paper, and packaging; home, lifestyle, and personal; care food, feed, and beverages; and agriculture, pharma and healthcare, plastics and general industry, environment and utilities, electronics and telecommunications, and construction markets. Evonik Corporation w...

299 Jefferson Road

Parsippany, NJ 07054

United States

Founded in 1973

Key Executives for Evonik Corporation

President of Coatings & Additives Business Unit
Chief Financial Officer for North America
Head of Consumer Specialties Americas
Head of The Consumer Specialties Business Unit
Compensation as of Fiscal Year 2017.

Evonik Corporation Key Developments

Evonik Corporation Completes Capacity Expansion at Sodium Methylate Plant in Mobile

Evonik Corporation has completed a capacity expansion at its sodium methylate plant in Mobile, Alabama. The company has increased capacity to 72,000 metric tons per year through operational excellence, as well as infrastructure investments. Although sodium methylate is used in various applications including pharmaceuticals, polymers and agrochemicals synthesis, it has become the catalyst of choice for modern large-scale biodiesel production accounting for more than 80% of the biodiesel produced in North America. The company has also increased its rail fleet for sodium methylate ensuring that the additional volume will be available throughout the US. Sodium methylate serves an important function as a catalyst in the production of biodiesel, renewable biofuel that reduces greenhouse gas emissions and therefore contributes to more sustainable environment.

C4 Imaging Utilizes Evonik's VESTAKEEP® PEEK for Prostate Cancer Device

C4 Imaging LLC has chosen Evonik Corporation and its Resource Efficiency segment's VESTAKEEP® PEEK polymer technology in the design of Sirius™, a recently developed Positive-Signal Magnetic Resonance Imaging (MRI) Marker used during the treatment of prostate cancer. Brachytherapy, or radioactive seed implantation, is a standard option for the curative treatment of prostate cancer and involves implanting around 100 seeds into the prostate. The Sirius™ MRI Marker, which is U.S. Food and Drug Administration 510(k) approved, is used during the treatment of prostate cancer with brachytherapy to facilitate seed localization within the prostate, utilizing a post-implant MRI procedure.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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