CO2 for a clean performance: Rheticus research project enters phase 2
Evonik and Siemens today launched their joint research project Rheticus II. The goal is to develop an efficient and powerful test plant that will use carbon dioxide (CO2) and water as well as electricity from renewable sources and bacteria to produce specialty chemicals. In the Rheticus I project, the two companies worked for two years to develop the technically feasible basis for artificial photosynthesis using a bioreactor and electrolyzers. Evonik and Siemens are now combining these two, previously separate, plants in a test facility at Evonik’s site in Marl (Germany). Rheticus II will run until 2021 and will receive funding of around €3.5 million from Germany’s Federal Ministry of Education and Research (BMBF).
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-oriented innovative prowess and a trustful and performance-oriented corporate culture form the heart of Evonik’s corporate strategy. They are the lever for profitable growth and a sustained increase in the value of the company. Evonik benefits specifically from its customer proximity and leading market positions. Evonik is active in over 100 countries around the world. In fiscal 2018, the enterprise with more than 32,000 employees generated sales of €13.3 billion and an operating profit (adjusted EBITDA) of €2.15 billion from continuing operations.