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Evonik invests further in Denmark-based hydrogen peroxide start-up

December 01/2020

MOSCOW (MRC) -- Evonik Industries says it has made a second investment in HPNow (Copenhagen, Denmark) through Evonik's venture capital unit. Evonik participated in the first financing round of the start-up in 2017, according to Chemweek.

HPNow has developed a modular generator, HPGen, that produces hydrogen peroxide (H2O2) directly on site based on a patented electrochemical technology, the company says. Further details have not been disclosed.

HPNow has until now addressed mainly the market for agricultural drip irrigation water treatment but is now entering markets for the treatment of industrial wastewater with high oxygen demand, for advanced oxidation in municipal water treatment, and for use in cooling systems, Evonik says.

HPNows patented technology breaks down H2O2 into water and oxygen after its application, making it possible to use the environmentally friendly H2O2 even in places to which transport has been uneconomical or even impossible until now, Evonik says. All that the system needs on site is electricity, water, and air, the company adds.

"This patented technology offers the possibility of a demand-oriented and cost-efficient supply of hydrogen peroxide directly to the customer," says Michael Traexler, head/active oxygens at Evonik. "This investment supports our strategy of offering our customers customized system solutions."

As MRC reported before, Dow and Evonik have recently entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity.

Propylene is the main feedstock for the production of polypropylene (PP).

According to MRC's ScanPlast report, PP shipments to the Russian market reached 880,130 tonnes in the nine months of 2020 (calculated using the formula: production minus exports plus imports, excluding producers" inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.

Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-oriented innovative prowess and a trustful and performance-oriented corporate culture form the heart of Evoniks corporate strategy. They are the lever for profitable growth and a sustained increase in the value of the company. Evonik benefits specifically from its customer proximity and leading market positions. Evonik is active in over 100 countries around the world with more than 36,000 employees.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PP random copolymer, propylene, petrochemistry, Dow, Evonik, Germany, Denmark, Russia, USA.
Category:General News
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