03.03.2016
Evonik Industries AG DE000EVNK013
DGAP-News: Evonik Industries AG: Evonik invests in Austria to expand membrane business for gas separation (news with additional features)
DGAP-News: Evonik Industries AG / Key word(s): Expansion
Evonik Industries AG: Evonik invests in Austria to expand membrane business
for gas separation (news with additional features)
03.03.2016 / 09:00
The issuer is solely responsible for the content of this announcement.
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Embargoed until: March 3, 2016, 7 a.m.
Evonik invests in Austria to expand membrane business for gas separation
- Strong growth potential, particularly in the nitrogen market
- Investment volume in the mid-double-digit million EUR range
- Doubling capacities in Austria
- New facility to become operational in late 2017
Evonik Industries is expanding its promising membrane business. To this
end, the specialty chemicals company will further expand its Austrian site
in Lenzing/Schörfling to double the existing production capacities for the
hollow-fiber membrane modules of its SEPURAN(R) brand. The membrane offers
a particularly efficient method for the separation of gases from gas
mixtures such as methane, nitrogen, or hydrogen. Evonik is investing an
amount in the mid double-digit million EUR range in the plant and its
infrastructure. The production of additional membrane modules is projected
to begin in late 2017. Evonik's investment will also create over 30 new
jobs in Schörfling.
"The investment in Austria creates the basis for the further growth of our
membrane business in the very attractive market for efficient gas
separation. As a technology leader, we want to benefit in an above-average
way from the growth in the global gas separation market with our highly
selective and productive membranes," said Dr. Ralph Sven Kaufmann, a member
of Evonik's Executive Board and its chief operating officer.
"We aim to expand the biogas membranes business, which has been
well-established for five years. At the same time, we see excellent growth
opportunities in the market for helium and hydrogen processing as well as
for the efficient nitrogen production from air," noted Dr. Claus Rettig,
chairman of the Board of Management of Evonik Resource Efficiency GmbH.
Compared to conventional methods such as cryogenic separation, gas
separation via membranes is still a new technology. Because of its higher
energy efficiency and lower cost, experts project higher growth for gases
from membrane-based separation processes than for conventional gas
separation. Nitrogen, with a share of more than 40 percent, has the largest
market volume in membrane-based gas separation.
The advantages of Evonik's membrane technology for gas separation include a
more selective separation of gases and high process productivity. Rettig
explains: "Our technology let customers take advantage of significantly
improved energy efficiency and considerable cost savings. Our new hollow
fiber spinning plant will provide our customers with our innovative
technology for efficient gas separation with enhanced supply speed and
flexibility."
The gas separation modules that Evonik produces in Schörfling are primarily
intended for the biogas market and for hydrogen and helium extraction. The
new hollow fiber spinning plant will be dedicated to the production of
membrane modules for efficient gas separation particularly for nitrogen
extraction. The nearby Lenzing plant manufactures polyimide, a
high-performance polymer, which is spun and then further processed in
Schörfling. The infrastructure in Lenzing will be expanded as well.
The SEPURAN(R) family produced by Evonik's Resource Efficiency Segment
includes membranes for biogas processing, nitrogen production as well as
for helium and hydrogen processing. For over fifty years, the High
Performance Polymers Business Line within the Segment has developed and
produced high-performance polymers that allow for resource-efficient
innovations in a wide range of industries.
SEPURAN(R) Green membranes for biogas processing were successfully launched
in 2011. Since then, the membrane technology has been consistently
developed further; the product range has been supplemented with the
SEPURAN(R) Noble membrane for helium and hydrogen processing. A new hollow
fiber membrane for efficient nitrogen extraction - SEPURAN(R) N2 - was
added to the membrane portfolio in early 2016. Protection against fire and
explosion, for example in ship and aircraft tanks, is an important
application area for nitrogen.
However, the gas also extends the shelf life of foods such as cheese,
yoghurt, and fruit and preserves the smell and taste of food.
Company information
Evonik, the creative industrial group from Germany, is one of the world
leaders
in specialty chemicals. Profitable growth and a sustained increase in the
value of the company form the heart of Evonik's corporate strategy. Its
activities focus on the key megatrends health, nutrition, resource
efficiency and globalization. Evonik benefits specifically from its
innovative prowess and integrated technology platforms.
Evonik is active in over 100 countries around the world. In fiscal 2015
more than 33,500 employees generated sales of around EUR13.5 billion and an
operating profit (adjusted EBITDA) of about EUR2.47 billion.
About Resource Efficiency
The Resource Efficiency segment is led by Evonik Resource Efficiency GmbH
and supplies high performance materials for environmentally friendly as
well as energy-efficient systems to the automotive, paints & coatings,
adhesives, construction, and many other industries. This segment employed
about 8,600 employees, and generated sales of around EUR4.3 billion in
2015.
Disclaimer
In so far as forecasts or expectations are expressed in this Investor
Relations News or where our statements concern the future, these forecasts,
expectations or statements may involve known or unknown risks and
uncertainties. Actual results or developments may vary, depending on
changes in the operating environment. Neither Evonik Industries AG nor its
group companies assume an obligation to update the forecasts, expectations
or statements contained in this release.
Contact:
Tim Lange
Head of Investor Relations
+49 201 177-3150
[email protected]
Evonik Industries AG
Rellinghauser Straße 1-11
45128 Essen
Germany
Phone +49 201 177-01
Telefax +49 201 177-3475
www.evonik.com
Supervisory Board
Dr. Werner Müller, Chairman
Executive Board
Dr. Klaus Engel, Chairman
Dr. Ralph Sven Kaufmann
Christian Kullmann
Thomas Wessel
Ute Wolf
Registered office Essen
Registered court
Essen local court
Commercial registry B 19474
VAT ID no. DE 811160003
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=WCNJWHPKCU
Document title: IR News membrane business
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03.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Evonik Industries AG
Rellinghauser Straße 1-11
45128 Essen
Germany
Phone: +49 (0) 201 177-01
Fax: +49 (0) 201 177-3475
E-mail: [email protected]
Internet: www.evonik.com
ISIN: DE000EVNK013, XS0911405784
WKN: EVNK01, A1TM7T
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Hamburg, Hanover, Munich,
Stuttgart; Terminbörse EUREX; Luxemburg
End of News DGAP News Service
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441725 03.03.2016
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