Evonik acquires hydrogen peroxide maker in Netherlands

Evonik acquires hydrogen peroxide maker in Netherlands

8:03 AM, 9th September 2015
Evonik acquires hydrogen peroxide maker in Netherlands
Evonik Industries AG head-office in Germany. (File photo)

ESSEN, GERMANY: Evonik Industries AG said it has signed a definitive agreement for acquisition of PeroxyChem Netherlands BV, Delfzijl, from PeroxyChem Holdings LP.

The business with its site in the Netherlands, 47 employees and customer portfolio will be transferred to Evonik at the closing of the sale, envisaged in the last quarter of 2015. The parties have agreed not to disclose the purchase price.

The Dutch site will increase Evonik’s hydrogen peroxide (H2O2) capacity in Europe, it said.

Evonik produces hydrogen peroxide and its derivatives for eco-friendly oxidation and disinfection in a wide range of applications. In the application and decomposition of hydrogen peroxide the only products released are oxygen and water; this means that H2O2 is among the most eco-friendly and versatile of chemical products.

Typical application fields include chlorine-free bleaching of pulp and paper and of natural fibre for white textiles. In the areas of medicine, pharmaceuticals, cosmetics and foods the product is used for sterilization as well as treatment of aseptic packaging materials. Hydrogen peroxide is also used in eco-friendly treatment of waste gases and wastewater as well as for disinfection purposes. In addition to these classic applications, new markets are continually opening up in chemical synthesis, where, over the last few years, more eco-friendly production processes have been developed that use hydrogen peroxide as oxidant.

© Worldofchemicals News

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