Evonik creates oil and gas business unit

Evonik has formed a new business unit, the oil and gas group, headquartered in Houston, bringing together the products it offers to the oil and gas industries—including friction reducers, corrosion inhibitors and viscosity modifiers for drilling fluids and flexible piping—the company says. “The oil and gas industries are rapidly growing and demand for chemicals and plastics within these sectors reflect this trend,” says Ted Pettijohn, Evonik’s senior vp of growth and development. “As one of the world’s leading specialty...

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