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news.Evonik Industries has acquired London-based Membrane Extraction Technology (MET), a chemical separations specialist supplying the pharmaceutical and fine chemicals industries.
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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, simplifies product purification and generates substantial energy cost savings compared to conventional separation technologies.
Evonik said that the acquisition is an integral part of its 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.
Joachim Leluschko, head of high performance polymers business line at Evonik, said: “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.”
Andrew Livingston, CEO of Membrane Extraction Technology, said: “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).”