Evonik Industries

Evonik Industries is a leading German specialty chemicals company that manufactures and markets a diverse range of chemical products and solutions across various industries, including automotive, pharmaceuticals, and healthcare. The company operates in four major segments: specialty additives, smart materials, nutrition and care, and performance materials, holding a strong market position in approximately 80% of its businesses. With a global presence in over 100 countries, Evonik generates around 45% of its sales in Europe, while North America and Asia contribute 25% and 20% respectively. In addition to its core operations, Evonik Venture Capital, the company's investment arm, focuses on funding startups and innovative technologies in areas such as resource efficiency, health, and nutrition. Founded in 2007 and headquartered in Germany, Evonik is recognized for its innovative capabilities and integrated technology platforms, positioning itself to address key global megatrends.

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

Mark Redshaw

Investment Director

Franziska Schlumprecht

Investment Manager

Lutz Stoeber

Investment Director

Past deals in Oil and Gas Refining

Porocel Group

Acquisition in 2020
Porocel Corporation, founded in 1937 and headquartered in Houston, Texas, specializes in the manufacture of activated alumina, inert bed supports, and specialty adsorbents. The company offers a diverse range of products, including adsorption products, desiccants, Claus catalysts, and activated bauxite and carbon products. In addition to its manufacturing capabilities, Porocel provides various services such as catalyst regeneration, presulphurizing, grading, and a suite of toll processing services like calcination, drying, forming, and size reduction. With manufacturing sites and offices in North America, Europe, and Southeast Asia, Porocel also operates catalyst service facilities in these regions. As of November 2020, Porocel Corporation is a subsidiary of Evonik Industries AG.

PeroxyChem

Acquisition in 2018
PeroxyChem LLC specializes in the production of hydrogen peroxide, peracetic acid, persulfates, and other oxidative solutions, catering to diverse industries such as environmental services, food and beverage, oil and gas, and pharmaceuticals. Established in 2013 and headquartered in Philadelphia, Pennsylvania, the company has expanded its reach through sales, research, and manufacturing facilities across North America, Europe, and Asia. PeroxyChem's offerings also include remediation technologies and mixed acids, underscoring its commitment to serving various industrial sectors. In 2014, the company rebranded from its previous identity as FMC Corp, Peroxygens Business. As of 2020, PeroxyChem operates as a subsidiary of Evonik Industries AG, enhancing its capabilities in delivering high-quality chemical solutions globally.

Nanotech Industrial Solutions

Venture Round in 2017
Nanotech Industrial Solutions specializes in the production of advanced oil additives and formulations for various applications, including engine oils, metalworking fluids, and greases. The company employs patented technology to create spherical nanoparticles that enhance the performance of industrial lubricants. These nanostructured materials significantly improve friction and wear properties, which contributes to greater resource efficiency in heavy machinery and industrial operations. By enhancing the extreme pressure capacity of lubricants, Nanotech Industrial Solutions enables automotive and industrial businesses to reduce downtime and optimize their operational efficiency.

Air Products and Chemicals - Performance Materials Division

Acquisition in 2016
Specialty & Coating Additives business (Performance Materials Division) of the US company Air Products and Chemicals, Inc.

Monarch catalyst Pvt. Ltd.

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.

Biosynthetic Technologies

Venture Round in 2014
Biosynthetic Technologies, LLC specializes in the manufacture of bio-based synthetic oils derived from organic fatty acids found in plant oils. These oils are designed for various applications across the lubricant, specialty chemical, and cosmetic industries, offering high-performance alternatives to traditional petroleum-based products. The company produces a diverse range of biosynthetic base oils suitable for passenger car motor oils, marine lubricants, hydraulic fluids, food-grade lubricants, and personal care products, among others. Notably, these renewable oils are biodegradable and non-toxic, contributing to environmentally sustainable practices. Biosynthetic Technologies holds a comprehensive portfolio of patents for its innovative formulations, underscoring its commitment to advanced, eco-friendly solutions. Founded in 2004 and headquartered in Irvine, California, the company operates a production facility in Baton Rouge, Louisiana.

FRX Innovations

Series C in 2014
FRX Innovations Inc. is a manufacturer of environmentally sustainable flame retardant solutions, specializing in polyphosphonates under the brand name Nofia. The company produces a range of non-halogen, transparent, high melt flowing fire-resistant plastics that cater to various industries, including electronics, automotive, electric vehicles, medical devices, textiles, building and construction, and mass transit. FRX Innovations employs sustainable green chemistry principles in its production processes, utilizing solvent-free methods and generating no waste byproducts. Headquartered in Chelmsford, Massachusetts, with a manufacturing facility located in Antwerp, Belgium, the company distributes its products internationally through a network of distributors. Established in 2006, FRX Innovations operates as a subsidiary of Triton Systems, Inc.

FRX Innovations

Series C in 2014
FRX Innovations Inc. is a manufacturer of environmentally sustainable flame retardant solutions, specializing in polyphosphonates under the brand name Nofia. The company produces a range of non-halogen, transparent, high melt flowing fire-resistant plastics that cater to various industries, including electronics, automotive, electric vehicles, medical devices, textiles, building and construction, and mass transit. FRX Innovations employs sustainable green chemistry principles in its production processes, utilizing solvent-free methods and generating no waste byproducts. Headquartered in Chelmsford, Massachusetts, with a manufacturing facility located in Antwerp, Belgium, the company distributes its products internationally through a network of distributors. Established in 2006, FRX Innovations operates as a subsidiary of Triton Systems, Inc.

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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