Evonik acquires Membrane Extraction Technology for its high-performance polymers business

Evonik Industries AG announced its acquisition of London based Membrane Extraction Technology (MET) Ltd. The transaction has been completed by March 1. The acquisition is an integral part of Evonik´s strategy to invest in attractive developing markets driven by the mega trend "Resource Efficiency".

The MET acquisition strengthens Evonik´s P84® fibers and high-performance polymers business. Dr. Joachim Leluschko, head of Evonik´s High Performance Polymers Business Line, noted that the investment represents a significant step towards expanding the high-performance polymers business and enhancing it with leading technologies for tomorrow and beyond. "There will be a fast growing demand for energy & environmental friendly solutions like membrane based technologies. MET´s proprietary technology complements Evonik´s process competence and global market presence very well and fastens our access to this attractive market." Professor Andrew Livingston, CEO of Membrane Extraction Technology, added: "The synergies between MET and Evonik make a compelling case for this excellent deal and will make the combination company a leading player in Organic Solvent Nanofiltration (OSN)."

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The membrane based technology of the start-up company MET, which can be applied to a wide range of chemical processes, significantly simplifies product purification and generates substantial energy cost savings compared to conventional separation technologies.

More Information: www.evonik.com

Evonik Industries AG, Essen, Germany