April 24, 2017 5:08 PM ET

Chemicals

Company Overview of Evonik Industries AG

Company Overview

Evonik Industries AG engages in the specialty chemicals business worldwide. It operates through Nutrition & Care, Resource Efficiency, Performance Materials, and Services segments. The Nutrition & Care segment offers specialty chemicals, including amphoteric surfactants, ceramides, phytosphingosines, oleochemical quaternary derivatives, organically modified silicones, superabsorbents, amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine for use in consumer goods, animal nutrition, and healthcare sectors. The Resource Efficiency segment supplies high-performance materials, such as hydrogen peroxide, activated nickel catalysts, precious metal p...

Rellinghauser Strasse 1-11

Essen,  45128

Germany

34,351 Employees

Phone:

49 201 177 3315

Fax:

49 201 177 3053

Key Executives for Evonik Industries AG

Chairman of the Executive Board and Chief Executive Officer
Age: 60
Total Annual Compensation: €2.4M
Chief Financial Officer and Member of Executive Board
Age: 47
Total Annual Compensation: €1.4M
Chief Operating Officer and Member of Executive Board
Total Annual Compensation: €1.4M
Deputy Chairman of the Executive Board and Chief Strategic Officer
Age: 47
Total Annual Compensation: €1.3M
Chief Human Resources Officer and Member of Executive Board
Age: 53
Total Annual Compensation: €1.4M
Compensation as of Fiscal Year 2016.

Evonik Industries AG Key Developments

Evonik and Rajburi Sugar Opens a Demonstration Plant for Sugar Substitute Isomalt in Thailand

Evonik and Thailand-based joint venture partner Rajburi Sugar has opened a demonstration plant for sugar substitute isomalt in Thailand. The total investment for the project is in the "low single-digit million euro range". The isomalt manufactured at the plant in Ratchaburi will be marketed in southeast Asia by Evonik and Rajburi Sugar under the brand name Risumalt - and primarily for use in food and dietary supplements.

Evonik Industries AG Presents at Goldman Sachs European Chemicals Conference 2017, Mar-29-2017

Evonik Industries AG Presents at Goldman Sachs European Chemicals Conference 2017, Mar-29-2017 . Venue: London, United Kingdom.

Royal DSM and Evonik Establish Joint Venture for Omega-3 Fatty Acids from Natural Marine Algae for Animal Nutrition

Royal DSM and Evonik announced their intention to establish a joint venture for omega-3 fatty acid products from natural marine algae for animal nutrition. This breakthrough innovation will, for the first time, enable the production of omega-3 fatty acids for animal nutrition without using fish oil from wild caught fish, a finite resource. Evonik and DSM's alternative omega-3 source is the first to offer both EPA and DHA and will be aimed at initial applications in salmon aquaculture and pet food. The companies will together build a commercial-scale production facility in the United States. DSM Nutritional Products and Evonik Nutrition & Care will each hold a 50% share in the joint venture and co-own the production facility, which will be built at an existing site of Evonik and is expected to come on stream in 2019. The joint venture plans to invest around USD 200 million in the facility (USD 100 million by each party over circa 2 years). The initial annual production capacity will meet roughly 15% of the total current annual demand for EPA and DHA by the salmon aquaculture industry. The set-up of the joint venture, to be named Veramaris and headquartered in The Netherlands, will be finalized subject to regulatory approvals and other customary closing conditions. Evonik's and DSM's highly concentrated algal oil is a high value and pure source that will enable the animal nutrition industry to keep up with the increasing demand for these two essential omega-3 fatty acids without endangering fish stocks, contributing to healthy animal nutrition as well as to the ecological balance and biodiversity of the oceans. Joint development between DSM and Evonik: The joint venture follows the joint development agreement, signed in July 2015. Under this agreement, Evonik and DSM have jointly worked on the development of products and the manufacturing process and explored opportunities for commercialization. Both companies achieved positive results in the development of the product while extensively working with the entire value chain, including fish feed producers, fish farmers and retailers. Under the joint development agreement, DSM and Evonik have successfully produced pilot-scale quantities of the algal oil at DSM's production facility in Kingstree, South Carolina (United States). Customers will be able to receive sizeable quantities of the product for market development while the construction of the new manufacturing plant is underway. The successful product and process development was only possible due to the complementary competencies that Evonik and DSM bring to the collaboration: DSM has expertise in the cultivation of marine organisms including algae and long-established biotechnology capabilities in development and operations, whilst Evonik's focus has been on developing industrial biotechnology processes and operating competitively large-scale manufacturing sites for fermentative amino acids.

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