Evonik Industries

Evonik Industries AG, headquartered in Germany, is a global specialty chemicals company. It operates in four major segments: specialty additives, smart materials, nutrition and care, and performance materials. Evonik produces and markets chemicals used in diverse industries, from automotive to pharmaceuticals, offering innovative solutions in areas such as animal nutrition, additives, smart materials, health care, and high-performance polymers. The company is a market leader in approximately 80% of its businesses and has a significant presence in Europe, North America, and Asia. Evonik Venture Capital, its corporate venture arm, invests in startups and venture capital funds with innovative technologies and high growth potential, focusing on areas such as resource efficiency, specialty additives, health & care, and nutrition.

Jens Busse

Investment Director

Lars Bönisch

Venture Capitalist

Erning Cao

Investment Director

Thomas Grosse-Puppendahl

Vice President, Operations

Jonas Ide

Investment Manager

Christian Kullmann

Chairman

Bernhard Mohr

Managing Director

Wolfgang Nestel

Investment Director

Franziska Schlumprecht

Investment Manager

Lutz Stoeber Ph.D

Investment Director and Head of Venture Capital and Investments, North America

Past deals in Chemical

Chembid

Venture Round in 2021
Chembid is a metasearch platform that facilitates the efficient discovery of chemical raw materials online. Targeting professionals in the chemical industry such as chemists, formulators, and commercial buyers, Chembid provides a user-friendly tool for precisely locating the necessary materials for various applications, including coatings and adhesives. The platform also enhances visibility for chemical suppliers and manufacturers by showcasing their products to a broader audience. Chembid's foundation lies in its comprehensive and reliable product data, which supports digital matchmaking at the moment of demand from buyers across the industrial chemicals market. By combining extensive market information with deep data analysis, Chembid enables users to conduct automated market and product analyses, ultimately aiding in business growth for both buyers and sales professionals in the chemical sector.

Porocel International

Acquisition in 2020
Porocel International specializes in manufacturing activated alumina, inert bed supports, and specialty adsorbents, primarily serving the refining and petrochemical industries. Founded in 1937 and headquartered in Houston, Texas, the company produces a range of products including activated bauxite and aluminum oxide, as well as catalyst regeneration services. In addition to manufacturing, Porocel offers various toll processing services such as calcination, drying, forming, impregnation, size reduction, and classification. The company operates manufacturing sites and offices across North America, Europe, and Southeast Asia, along with catalyst service facilities in these regions. As of November 2020, Porocel operates as a subsidiary of Evonik Industries AG.

PeroxyChem

Acquisition in 2018
PeroxyChem LLC is a manufacturer specializing in hydrogen peroxide and its derivatives, including peracetic acids, persulfates, and calcium peroxides. The company also offers mixed acids and remediation technologies. Founded in 2013 and based in Philadelphia, Pennsylvania, PeroxyChem serves a diverse range of industries such as environmental services, food and beverage, cleaning and sanitization, oil and gas production, polymer and chemical synthesis, electronics, pharmaceuticals, cosmetics, and pulp and paper. With a strong commitment to customer service and product quality, the company operates sales, research, and manufacturing facilities across North America, Europe, and Asia. In 2014, PeroxyChem transitioned from being a part of FMC Corporation to becoming an independent entity, later operating as a subsidiary of Evonik Industries AG. Its vision is to be the leading global supplier of oxidative solutions, driving innovation alongside adjacent technologies across its various industrial markets.

Monarch catalyst Pvt.

Acquisition in 2015
Monarch Catalyst Pvt. Ltd. (MCPL) is an established manufacturer of Nickel Catalyst for oils & oleo chemicals in India since 1973. It was the brain-child of two technocrats, who converted their dream into reality. The operations are based in Dombivli, near Mumbai, India. In a short period of time, MCPL has been instrumental in bringing together a large number of intellectual minds with international exposure and creating an innovative atmosphere in the area of catalysts.

FRX Innovations

Series C in 2014
FRX Innovations is an industrial manufacturer based in Chelmsford, MA, specializing in environmentally sustainable flame retardant solutions within the plastics and additives market. The company produces Nofia polyphosphonates, a family of non-halogen, transparent, and high melt flowing fire-resistant plastics. FRX Innovations focuses on delivering high value-added solutions to various sectors, including textiles, electronics, automotive, electric vehicles, and medical devices. Its products are developed using sustainable green chemistry principles, featuring a solvent-free production process that generates no waste byproducts and maximizes atom efficiency. Through its innovative offerings, FRX Innovations aims to address the growing demand for safer and more sustainable materials in multiple industries.

Silbond

Acquisition in 2014
Silbond Corp. is a supplier and manufacturer of silicic acid esters, primarily focusing on tetra ethyl ortho silicate (TEOS). The company caters to various industries, including semiconductors, coatings, foundry, and chemicals, providing essential products for a wide range of applications. Its clientele comprises semiconductor industry aggregators, coatings manufacturers, investment casting foundries, and chemical processors. As a subsidiary of Evonik Industries, Silbond Corp. operates both in the United States and internationally, emphasizing its role in delivering specialized solutions to meet the diverse needs of its customers.

FRX Innovations

Series C in 2014
FRX Innovations is an industrial manufacturer based in Chelmsford, MA, specializing in environmentally sustainable flame retardant solutions within the plastics and additives market. The company produces Nofia polyphosphonates, a family of non-halogen, transparent, and high melt flowing fire-resistant plastics. FRX Innovations focuses on delivering high value-added solutions to various sectors, including textiles, electronics, automotive, electric vehicles, and medical devices. Its products are developed using sustainable green chemistry principles, featuring a solvent-free production process that generates no waste byproducts and maximizes atom efficiency. Through its innovative offerings, FRX Innovations aims to address the growing demand for safer and more sustainable materials in multiple industries.

Hanse Chemie Group

Acquisition in 2011
Hanse Chemie Group produces high-quality components and raw materials for the manufacture of products such as sealants, adhesives, and molding and casting compounds.

H.C. Starck-catalyst business

Acquisition in 2010
H.C. Starck develops, produces, and markets metallic and ceramic powders, and fabricated products.

Membrane Extraction Technology

Acquisition in 2010
Membrane Extraction Technology is a London-based chemical separations specialist supplying the pharmaceutical and fine chemicals industries.
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