Evonik Industries AG, headquartered in Germany, is a global specialty chemicals company. It operates in four major segments: specialty additives, smart materials, nutrition and care, and performance materials. Evonik produces and markets chemicals used in diverse industries, from automotive to pharmaceuticals, offering innovative solutions in areas such as animal nutrition, additives, smart materials, health care, and high-performance polymers. The company is a market leader in approximately 80% of its businesses and has a significant presence in Europe, North America, and Asia. Evonik Venture Capital, its corporate venture arm, invests in startups and venture capital funds with innovative technologies and high growth potential, focusing on areas such as resource efficiency, specialty additives, health & care, and nutrition.
Investment Director and Head of Venture Capital and Investments, North America
Past deals in Chemical
Chembid
Venture Round in 2021
Chembid is a metasearch platform that facilitates the efficient discovery of chemical raw materials online. It serves as a valuable tool for professionals in the chemical industry, such as chemists, formulators, product managers, and commercial buyers, allowing them to find specific chemicals tailored to their needs across various applications, including coatings and adhesives. The platform also enhances visibility for suppliers and manufacturers by providing a space for their products to be easily found. Chembid is built on a foundation of high-quality, reliable product data, enabling real-time digital matchmaking that connects buyers with the entire market of industrial chemicals. By combining extensive market information with deep data analysis, Chembid supports users in making informed decisions and growing their businesses effectively.
Porocel International
Acquisition in 2020
Porocel International specializes in manufacturing activated alumina, inert bed supports, and specialty adsorbents, primarily serving the refining and petrochemical industries. Founded in 1937 and headquartered in Houston, Texas, the company produces a range of products including activated bauxite and aluminum oxide, as well as catalyst regeneration services. In addition to manufacturing, Porocel offers various toll processing services such as calcination, drying, forming, impregnation, size reduction, and classification. The company operates manufacturing sites and offices across North America, Europe, and Southeast Asia, along with catalyst service facilities in these regions. As of November 2020, Porocel operates as a subsidiary of Evonik Industries AG.
PeroxyChem
Acquisition in 2018
PeroxyChem LLC is a manufacturer specializing in oxidative solutions, including hydrogen peroxides, peracetic acids, persulfates, and calcium peroxides, along with various remediation technologies. The company serves diverse industries such as environmental, food and beverage, cleaning and sanitization, oil and gas production, polymer and chemical synthesis, electronics, pharmaceuticals, cosmetics, and pulp and paper. Founded in 2013 and headquartered in Philadelphia, Pennsylvania, PeroxyChem operates sales, research, and manufacturing facilities across North America, Europe, and Asia. In March 2014, it rebranded from its previous identity as a division of FMC Corp. The company is now a subsidiary of Evonik Industries AG, focusing on delivering quality products and exceptional customer service in its global markets.
Monarch catalyst Pvt.
Acquisition in 2015
Monarch Catalyst Pvt. Ltd. (MCPL) is an established manufacturer of Nickel Catalyst for oils & oleo chemicals in India since 1973. It was the brain-child of two technocrats, who converted their dream into reality. The operations are based in Dombivli, near Mumbai, India. In a short period of time, MCPL has been instrumental in bringing together a large number of intellectual minds with international exposure and creating an innovative atmosphere in the area of catalysts.
Biosynthetic Technologies
Venture Round in 2014
Biosynthetic Technologies, LLC is a manufacturer of bio-based synthetic oils derived from organic fatty acids found in plant oils, catering to the lubricant, specialty chemical, and cosmetic industries. The company produces a diverse range of biosynthetic base oils suitable for applications such as passenger car motor oils, marine lubricants, hydraulic fluids, and food-grade lubricants, among others. These oils are designed to outperform traditional petroleum-based products while being sustainable, biodegradable, and non-toxic. Founded in 2004 and headquartered in Irvine, California, with a production facility in Baton Rouge, Louisiana, Biosynthetic Technologies holds a robust portfolio of patents protecting its innovative biosynthetic formulations.
FRX Innovations
Series C in 2014
FRX Innovations is an industrial company based in Chelmsford, MA, that specializes in the manufacture of environmentally sustainable flame retardant solutions for various markets, including electronics, automotive, electric vehicles, and medical devices. The company produces a range of products under the brand name Nofia, which includes Nofia polyphosphonates, Nofia homopolymers, and Nofia reactive oligomers. These materials are characterized by their non-halogen, transparent, and high melt-flow properties, making them ideal for applications in textiles, electrical components, mass transit, and building construction. FRX Innovations employs sustainable green chemistry principles in its production processes, ensuring that its methods are solvent-free, generate no waste byproducts, and exhibit high atom efficiency. The company is currently in the growth phase, focusing on the commercialization of its innovative fire-resistant plastics.
Silbond
Acquisition in 2014
Silbond Corp. specializes in the production of silicic acid esters, primarily tetra ethyl ortho silicate (TEOS). The company serves a diverse range of industries, including semiconductors, coatings, investment casting, and chemicals, offering tailored solutions to meet specific customer needs. Operating as a subsidiary of Evonik Industries, Silbond provides essential materials to various sectors, including paint manufacturers, foundries, and electronic component producers, both in the United States and internationally. Its products play a critical role in enhancing the performance and quality of applications across these industries.
FRX Innovations
Series C in 2014
FRX Innovations is an industrial company based in Chelmsford, MA, that specializes in the manufacture of environmentally sustainable flame retardant solutions for various markets, including electronics, automotive, electric vehicles, and medical devices. The company produces a range of products under the brand name Nofia, which includes Nofia polyphosphonates, Nofia homopolymers, and Nofia reactive oligomers. These materials are characterized by their non-halogen, transparent, and high melt-flow properties, making them ideal for applications in textiles, electrical components, mass transit, and building construction. FRX Innovations employs sustainable green chemistry principles in its production processes, ensuring that its methods are solvent-free, generate no waste byproducts, and exhibit high atom efficiency. The company is currently in the growth phase, focusing on the commercialization of its innovative fire-resistant plastics.
Hanse Chemie Group
Acquisition in 2011
Hanse Chemie Group produces high-quality components and raw materials for the manufacture of products such as sealants, adhesives, and molding and casting compounds.
H.C. Starck-catalyst business
Acquisition in 2010
H.C. Starck develops, produces, and markets metallic and ceramic powders, and fabricated products.
Membrane Extraction Technology
Acquisition in 2010
Membrane Extraction Technology is a London-based chemical separations specialist supplying the pharmaceutical and fine chemicals industries.
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