AkzoNobel and Evonik announce production joint venture for chlorine/potassium hydroxide solution
(Thomson Reuters ONE) -
June 16, 2015
AkzoNobel and Evonik Industries have joined forces to build and operate a new
membrane electrolysis facility for potassium hydroxide solution and chlorine in
Germany. Start-up is expected by the end of 2017.
The 50-50 joint venture involves the construction and operation of a dedicated
plant at AkzoNobel's existing site in Ibbenbüren. It will have an annual
nameplate capacity of around 130,000 metric tons of potassium hydroxide solution
and 82,000 metric tons of chlorine. This will strengthen the leading market
positions of both companies. Financial details were not disclosed.
AkzoNobel will take over commercialization of chlorine and hydrogen at the new
plant, and will process these products directly at the Ibbenbüren site. Evonik
will take over the potassium hydroxide solution for commercialization and
processing at its own site in Lülsdorf. This is where Evonik processes potassium
hydroxide solution into potassium carbonate (potash).
"This investment in our chlor-alkali activities will make our business even more
sustainable," explained Werner Fuhrmann, AkzoNobel's Executive Committee member
responsible for Specialty Chemicals. "Not only will we secure the long-term
supply of our customers with chlorine and hydrogen, but our environmental
profile and operational efficiency will also further improve."
"The new joint venture will enable us to supply our customers with our potassium
derivatives reliably in the long term," added Patrik Wohlhauser, member of
Evonik's Executive Board. "At the same time, it means we're making a significant
contribution to the environmentally-friendly and sustainable production of
potassium derivatives."
All production of chlorine, potassium hydroxide and caustic lye using mercury-
based amalgam electrolysis has to stop by the end of 2017 due to legislative
requirements. The planned new membrane electrolysis plant will use a sustainable
process which has a more positive environmental profile.
AkzoNobel is the market leader for industrial salt, merchant chlorine and
chloromethanes in Europe, as well as holding a leading position for caustic lye
in Europe. Evonik is a European market leader for potassium derivatives as well
as a globally leading provider of alcoxides, which are manufactured in Lülsdorf,
also by electrolysis.
The joint venture is subject to approval from the applicable regulatory
authorities.
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About AkzoNobel
AkzoNobel is a leading global paints and coatings company and a major producer
of specialty chemicals. Calling on centuries of expertise, we supply industries
and consumers worldwide with innovative products and sustainable technologies
designed to meet the growing demands of our fast-changing planet. Headquartered
in Amsterdam, the Netherlands, we have approximately 46,000 people in around 80
countries, while our portfolio includes well-known brands such as Dulux,
Sikkens, International, Interpon and Eka. Consistently ranked as one of the
leaders in the area of sustainability, we are committed to making life more
liveable and our cities more human. Link to our Human Cities initiative
About Evonik
Evonik, the creative industrial group from Germany, is one of the world leaders
in specialty chemicals. Profitable growth and sustained value creation form the
heart of our strategy. Its activities focus on the key megatrends health,
nutrition, resource efficiency and globalization. Evonik benefits specifically
from its innovative strength and integrated technology platforms.
Evonik is active in more than 100 countries around the world. In fiscal 2014
more than 33,000 employees generated sales of around ?12.9 billion and an
operating profit (adjusted EBITDA) of about ?1.9 billion.
Not for publication - for more information
Media Relations AkzoNobel
T +31 20 502 7422
Contact: Vivi Hollertt
Corporate Investor Relations
T: +31 20 502 7854
Contacts: Lindsey Sanders
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Datum: 16.06.2015 - 07:59 Uhr
Sprache: Deutsch
News-ID 400656
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