Evonik Buys Catalyst Services Firm Porocel for $210M
The acquisition of Porocel provides the chemicals company with greater access to catalyst rejuvenation technology.
Powder Bulk Solids Staff
August 27, 2020
2 Min Read
Image courtesy of Evonik
Specialty chemicals firm Evonik announced Wednesday that it is purchasing catalyst services provider Porocel Group for $210 million, expanding its access to catalyst rejuvenation technology.
Porocel, based in Houston, provides technology for the rejuvenation of desulfurization catalysts, which are used in the production of low-sulfur fuels. The company’s solution can lower CO2 emissions by over 50% compared with manufacturing new desulfurization catalysts.