September 12, 2007  Degussa

Germany now has a new industrial group: Evonik Industries has arrived

Germany now has a new industrial group: Evonik Industries has arrived. At the company headquarters in Essen, Dr. Werner Müller, CEO of the entity previously operating under the name of RAG Beteiligungs-AG, today presented the new brand with which Evonik plans to enter the capital market in the first half of 2008. Evonik is Germany's creative industrial group for chemicals, energy and real estate. Our goal is to become one of the most creative industrial groups in the world,stated Dr. Müller as he introduced the new group brand. Our portfolio, which consists of the Chemicals, Energy, and Real Estate business areas, unites a strong substance with attractive growth potential,continued Dr. Müller. The industrial group has been christened Evonik Industries, representing the highlight of the companys strategic realignment. This is also the last step prior to entering the capital market. In the future, German coal mining operations will be known under the name of RAG, and will not be connected with Evonik, the new industrial group. Evonik is now entering a new era in group development. We are well positioned, and are looking forward to joining the capital market,said Dr. Müller.

Previous corporate brands such as
Degussa, Steag, and RAG Immobilien will no longer exist. The Chemicals, Energy, and Real Estate business areas now operate under the company name of Evonik.

Company information
Evonik Industries AG is the creative industrial group which operates in three highly profitable, promising business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability.

Evonik Industries is active in over 100 countries around the world. In fiscal 2006 around 43,000 employees generated sales of Euro14.8 billion and operating Profit (EBIT) of over Euro1.2 billion. Evonik plans to enter the capital market in the first half of 2008.

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As of September 12, 2007, the RAG industrial group and mining group have their own separate Internet homepages.

The international industrial group is now called Evonik Industries AG and does business in chemicals, energy and real estate. The three former subgroups Degussa, Steag and RAG Immobilien have been united in a new company with modern structures. Evonik Industries AG is scheduled to go public in 2008.

The mining operations will be continued under the name RAG. 

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Evonik Industries AG's three business areas harbor vast potential for profitable growth. Our markets are specialty chemicals, power generation from coal and renewable energy, as well as residential property.

Leading in specialty chemicals

In its Chemicals Business Area, Evonik ranks among the global industry leaders. We operate production facilities in 30 countries, in the first half of 2007 employing a workforce of some 34,000, over half of it in Germany.
Evonik's Chemicals Business Area boasts a broad and attractive product portfolio. Our products and solutions are used almost everywhere, from automobiles, plastics and rubber to the pharmaceutical, biotechnology, cosmetics, paint, sealants and adhesives industries. We are market leaders in over 80 percent of our chemical activities. And in line with our strong R&D focus, we generate some 20 percent of sales with products and technologies that are less than five years old.

Expertise in coal power and renewables

In its Energy Business Area, Evonik looks back on some 70 years' experience in coal-fired power generation, with capabilities spanning project development, financing, plant construction and operation. In Germany, we run eight power stations and are the country's fifth largest power generator. Nationally and internationally, we have some 9,000 megawatts in total installed output. We are a full-service provider, delivering total solutions with our combined engineering and consulting expertise. Customers in Germany and abroad benefit from the technical know-how of our approximately 4,600-strong workforce (as per June 2007). With the construction and operation of power stations in Turkey, Colombia and the Philippines, we have shown how professional project development can be successfully combined with tried and trusted financing and operating approaches.

Evonik is already hard at work meeting the energy supply needs of the future. Our Clean Competitive Electricity from Coal (CCEC) technology fulfils all that is required of an ultra-modern power plant: Its resource-saving design and 45 percent efficiency make it more frugal and economic, safer and more environment-friendly than conventional power stations. We are now using this technology to build a
power plant of the future' in Walsum, Germany. The other side of our business is renewable energy: biomass, biogas, geothermal and mine gas. We lead the German market with ten biomass power plants.

High-quality provider in the regional market

In its Real Estate Business Area, Evonik's 60,000-plus housing units put it in the big league of private residential property companies in Germany. With a geographical focus on the Ruhr region, Aachen and the northern Rhine cities of Düsseldorf, Cologne and Bonn, we provide homes to over 150,000 people?a demanding task which we fulfill with entrepreneurial efficiency and responsibility. A large part of our success is due to the fact that our vacancy rates and occupant turnover?the market's key performance indicators?are significantly better than the industry average. This is no accident. We attach great importance to carefully planned residential property utilization spanning the entire life cycle of a building. And we constantly adapt our portfolio to current needs, modernizing and refurbishing as necessary, tearing down where there is no other option, and building where it makes sense. Last but not least, we actively manage operating costs to keep ancillary costs paid by tenants predictable and reasonable.

 


2007/10/2 Evonik (Degussa)

Evonik to Increase Alkoxide Capacity
Investments in the Double-Digit Million Euro range

Green light for new investments: Evonik Industries AG will build an
alkoxide production facility at its Mobile, Alabama, site in the USA.
   アルコキシド:水と反応してその表面がアルコール基になる材料 RO? R は有機基)
     金属アルコキシドはアルコール分子の水酸基の水素を金属原子で置換した化合物
The plant, designed for a capacity of 60,000 metric tons, is expected to come on stream in early 2009 and will supply customers throughout the NAFTA region. A second facility in Brazil is scheduled to start operation the following year and will supply the entire South American continent. With these investments in the double-digit million euro range, Evonik is reinforcing its commitment to producing alternative forms of energy from renewable raw materials. Alkoxides are required as catalysts in biodiesel production, and Evonik's Chemicals business area is already the world market leader in specialty catalysts for this application.


2007/12/17 Evonik

Evonik Sanzheng Joint Venture Builds Cyanuric Chloride Plant in China  塩化シアヌル
  
Euro 24 million investment in Chongqing secures strong market position

Evonik Industries is systematically consolidating its already strong position in the world market for cyanuric chloride, an intermediate used in agricultural applications and in the textile, paper and plastics industries. The cornerstone for a new plant was laid today in Chongqing Industrial Park, Western China, with the participation of representatives of the relevant Chinese regulatory authorities. Construction is scheduled for completion by the end of 2008. About 280 employees will work in the plant. With the construction of the new plant, the existing capacity in China will be doubled and will then reach 60,000 metric tons.


2008/1/30 Evonik

Evonik Expands Plasticizer Alcohol Capacity in Marl.
  Expansion Reinforces Strong Global Position

Evonik Industries AG is expanding its oxo alcohol production capacity at the Marl site by 60,000 metric tons per year. The alcohol 2-propyl heptanol (2-PH), which is used as a starting material in the manufacture of plasticizer for PVC, used for example, in cables and films, will also be produced there for the first time. The 2-PH facility is scheduled to come on stream in the latter half of 2009.

Given the globally growing demand for plasticizers, the new 2-PH plant will complement the existing
isononanol (INA) business. At the Marl site, Evonik already has an annual INA capacity of 340,000 metric tons, which makes the facility the world's largest single production plant for this plasticizer alcohol, and Evonik the largest producer of C9/C10 plasticizer alcohols in Europe.

Dr. Klaus Engel, member of Evonik's Executive Board with responsibility for the Chemicals Business Area, says:
With this investment, were optimizing our production network in C4 chemicals, an area where we already enjoy a leading position worldwide and have expertise going back several years.

Plasticizers transform brittle PVC into a flexible material, making it possible to use the polymer in a greater number of consumer products. They are contained in, for example, floor coatings, cable insulation, tarpaulin fabrics, various automotive applications, and films. In addition to 2-PH and isononanol, Evonik also produces in Marl the PVC plasticizer VESTINOL9, at a capacity of 220,000 mt per year.


2009/11/25 Shanghai

Evonik starts up MMA project in SCIP

On Nov. 24, 2009, Evonik (the former Degussa) held a startup ceremony for its MMA integrated project in Shanghai Chemical Industry Park (SCIP), Shanghai.

With total investment of Euro 250 million, the project has a 105 kt/a Iso-butylene unit, a 100 kt/a MMA unit, a 15 kt/a methacrylic acid unit, and a 20 kt/a butyl methacrylate unit. The 40 kt/a PMMA unit was started up in Q4 2008 and now is in commercial operation. The project was approved by government in Q1 2007 and started construction in Q4 2007.

The C4 feedstock is supplied from SECCO. Evonik uses the C4 route rather than the conventional ACH route, as this technology is more efficient and environment friendly, that is in accordance with the current environment policies in China.

According to Evonik, MMA is produced through the C4 process which is new for Evonik, this new technology delivered by Evonik subsidiary OXENO, which is being used for the first time in Shanghai. In order to secure flexible feedstock supply, a plant for splitting MTBE is also installed.

Also in SCIP, Lucite - now a subsidiary of Mitsubishi Rayon Chemical (MRC) - operates a 100 kt/a MMA plant which is based on the acetone cyanohydrin (ACH) process. It uses the by-product hydrogen cyanide (HCN) from SECCO. MRC also operates 90 kt/a MMA plant in Daya Bay, Huizhou, Guangdong Province, which is also based on C4 route.

Evonik Oxeno Ltd. was established on 1 January 1998 as OXENO Olefinchemie GmbH founded and is a 100% subsidiary of Evonik Industries AG.

At the main Marl Oxeno mainly produces 1,3-butadiene, 1-butene, ETBE, isononanol and the plasticizer (DINP). Oxeno operates the C4 cut (a mixture of butadiene, butenes and butanes) from cracking to the above products, thus achieving a full use of existing hydrocarbons in this section.

The main market for Oxeno is Europe, followed by Asia.