Evonik plans €100m digital investment

Article by Adam Duckett

A second partnership has been formed with Germany’s University of Duisberg-Essen

EVONIK has earmarked €100m (US$114m) for investment in digitalisation by 2020 and formed strategic partnerships including with IBM as it seeks to forge ahead with digital change in the chemicals industry.

The German specialty chemicals company will begin a pilot project with IBM this month using the US giant’s advanced computing technology to identify relationships in unstructured data. The resulting insights will be used to boost the efficiencies of its production processes and sold on to clients.

 Commenting on its new initiatives, Henrik Hahn, head of Evonik Digital, told The Chemical Engineer:  “When it comes to digitalisation I see basically two focal areas for Evonik: generate growth through new business and achieve efficiency gains from existing processes. In fact, Evonik has many data repositories. For example, our production sites generate a lot structured and unstructured process data. Together with IBM we want to tap into such data lakes generating meaningful insights.”

“IBM has a full range of enabling technologies,” Hahn said. “We want to utilise these internally and externally. For example, this can help us to get faster relevant findings in the research and development area. We can also more effectively address customer-applied, technology-related questions and provide targeted solutions.”

A second partnership has been formed with Germany’s University of Duisberg-Essen that will focus on the human side of digitalisation, including tailored industrial training and knowledge transfer.

Evonik formed a digital subsidiary in 2016 and tasked its multi-disciplinary team with working fast, flexibly and with a high degree of freedom to develop novel digital concepts, test them and implement them within the group.

In May, Hahn spoke exclusively to The Chemical Engineer about setting up Evonik Digital and his expectations for digitalisation at the company.

Article by Adam Duckett

Editor, The Chemical Engineer

Recent Editions

Catch up on the latest news, views and jobs from The Chemical Engineer. Below are the four latest issues. View a wider selection of the archive from within the Magazine section of this site.