In the Specialty Chemicals segment, we finance investments in modern technology by the chemicals industry in Germany and Europe that contribute to environmental protection.
Financing case AkzoNobel: Switch to an environmentally friendly production process
With funds from the KfW Environmental Protection Programme, KfW IPEX-Bank is financing an investment of the Dutch chemicals group at the centre of production for pharmaceuticals in Frankfurt-Hoechst, Germany. This is where AkzoNobel maintains one of its three German chloralkali processing plants and produces base chemicals which are used at the start of the production chain in the Hoechst industrial park – chlorine, sodium hydroxide and derived products.
KfW Environmental Protection Programme
The chlorine production process will now be changed, with the mercury almagam processing equipment replaced by a new membrane electrolysis facility. This not only allows for energy savings of up to 30%, but traces of mercury in wastewater streams will also be avoided in the future. The project meets the strict conditions of the (text in German only), which promotes investments in environmental protection and sustainability. Non-German companies can also receive support for their investments in Germany through the programme.
AkzoNobel is one of the world’s leading specialty chemicals company as well as a long-standing client of KfW IPEX-Bank. Its products are used in the manufacture of cars, building materials, high-performance plastics, pharmaceuticals and textiles.
AkzoNobel financing at a glance:
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