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Inorganic Chemicals

Evonik to sell a German inorganic chemical facility

by Michael McCoy
October 9, 2021 | A version of this story appeared in Volume 99, Issue 37
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An aerial photo of a chemical plant in Germany.
Credit: Evonik Industries
Outside investors have already expressed interest in this site, Evonik says.

Evonik Industries intends to sell its site in Lülsdorf, Germany, as part of its plan to concentrate on specialty chemicals. The site produces alkoxides, potassium-based chemicals, and—in association with a plant in nearby Wesseling—cyanuric chlorides. It employs about 600 people and generates annual sales of about $325 million. Evonik is also looking for a buyer for its superabsorbent polymers business and says the Lülsdorf sale is the next step in realizing its new focus.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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