Evonik acquires H2O2 facility from Kemira
Expands hydrogen peroxide production by 44,000 metric tons per annum
Evonik Industries has closed a deal to take over the hydrogen peroxide (H2O2) business from Kemira Chemicals Canada Inc. The transaction covers the seller’s production plant in Maitland, Ontario, plus its customer portfolio. Its Canadian employees will also be transferred to Evonik.
The acquisition puts Evonik among the market leaders of H2O2 suppliers to the North American market and will allow the company to increase its capacity for H2O2 production in North America by 44,000 metric tons to more than 200,000 metric tons per annum.
“Our growth strategy is based on new technologies as is exemplified by our deal in Jilin, China, where we will be supplying H2O2 to a plant specialising in the chemical direct synthesis of propylene oxide, and by targeted acquisitions like this one in Canada,” commented Jan Van den Bergh, head of advanced intermediates, the business unit in charge of Evonik’s H2O2 business.