The Membrane Extraction Technology acquisition is part of Evonik’s strategy to invest in attractive developing markets driven by resource efficiency and strengthens Evonik’s P84® fibers and high-performance polymers business.
Dr Joachim Leluschko, head of High Performance Polymers at Evonik, believes that the investment represents a significant step towards expanding the company’s high-performance polymers business. “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,” said Dr Leluschko.
“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),” said Professor Andrew Livingston, CEO of Membrane Extraction Technology.
Founded in 1995 by researchers from London’s Imperial College Department of Chemical Engineering, Membrane Extraction Technology has an international client base covering the USA, Europe and the Far East.