Evonik has announced the full takeover of former joint venture Thai Peroxide Company Limited (TPL), located in Saraburi, Thailand. With the acquisition, the global peroxides producer is expanding its offer of specialty-grade hydrogen peroxide and peracetic acid in the growing Asia-Pacific market. According to the company, the move supports Evonik’s Active Oxygens business line in pursuing a strategic focus on specialties for future-forward applications.
“TPL’s expertise aligns precisely with Evonik’s aim to offer tailor-made solutions to address current and future challenges,” said Lauren Kjeldsen, head of Evonik’s Smart Materials division. “These include providing clean, sustainable chemistries for highly in-demand applications.”
Hydrogen peroxide and peracetic acid are powerful oxidizers that are valuable across a variety of industrial applications.
In other Evonik news, the company has attained the International Sustainability and Carbon Certification (ISCC) PLUS for its specialty chemicals production at the Essen Goldschmidt site in Germany. The certification is based on the mass-balance approach, which reportedly ensures that sustainable feedstocks are used and that the supply chain is traceable.