Evonik Industries AG

“We support the raw material transformation of the chemical industry in many ways by developing new technologies and providing solutions to replace fossil carbon by renewable carbon.”

Today, global economy and thus growth and wealth of humankind is highly dependent on the use of fossil resources. To mitigate climate change, many nations all over the world are now planning to tremendously shift the demand for fossil resources to renewable alternatives. This global scientific and economic endeavor to move away from fossil resources in energy and materials production is coined “Defossilation” and drives many of our R&D activities which aim to support industries to become independent of fossil raw materials. One of our focus areas is Renewable Carbon, in particular efficient recycling technologies which enable circular economies as well as technologies to capture and utilize CO2 and replace current feedstocks with sustainable alternatives.

Company profile

Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. More than 33,000 employees work together for a common purpose: We want to improve life, today and tomorrow. Our sustainability strategy 2020+ gives answers to central challenges. It comprises, for example, ambitious climate and water targets. By 2025 we aim to reduce our absolute GHG emissions by 50 percent compared to 2008 as reference base. In future, internal CO2 pricing will be an additional criterion in the management of major investments. Moreover, Evonik will integrate sustainability further into its strategic management processes.

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