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Evonik Allocates €100 Million for Digitalization

Enters into cooperation with IBM and the University of Duisburg-Essen.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Evonik is setting aside €100 million for the topic of digitalization and is also entering into a strategic partnership with IBM and the University of Duisburg-Essen, aimed at forging ahead with the digital change in the chemical industry.
 
“For us as a specialty chemicals company, digitalization brings with it a world of possibilities. Now it’s about identifying them, testing them out, and being able to put them to good use. This is why we took this initiative,” explained Christian Kullmann, chairman of the Executive Board of Evonik Industries AG.
 
The partnership with IBM will see Evonik benefit from the latest technologies and innovative projects IBM is spearheading, encompassing technologies such as cognitive and cloud-based technologies such as blockchain, Internet of Things, and Industry 4.0 amongst others. The partnership also allows Evonik to tap into IBM’s R&D technological breakthroughs such as Quantum computing.
 
The new strategic cooperation between Evonik and the University of Duisburg-Essen (UDE) will focus on the people and skills at the center of digital transformation.

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