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Acquisition of Porocel gives Evonik access to catalyst rejuvenation technology and to available production capacity.
August 26, 2020
By: Anthony Locicero
Copy editor, New York Post
Evonik is acquiring the Porocel Group for $210 million to accelerate the growth of its catalysts business. Based in Houston, Porocel offers a technology for highly efficient rejuvenation of desulfurization catalysts, which are in increasing demand to produce low-sulfur fuel. Rejuvenation reduces carbon-dioxide emissions by more than 50% compared with the production of new desulfurization catalysts. Also, Porocel has available production capacity, enabling Evonik to speed up ...
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