Evonik Invests in Hydrogen Peroxide Production in Denmark

Evonik has made a second investment in HPNow, based in Copenhagen, Denmark. Evonik completed the start-up's first financing round in early 2017. Co-investor is AP Ventures, a London-based venture capital specialist. Bernhard Mohr, President of Evonik Venture Capital, said: "HPNow has been very successful in developing and commercializing its technology over the past three years. Evonik has extensive knowledge and experience in the hydrogen peroxide business. This makes HPNow and us ideal partners." Together with HPGen, HPNow has developed a modular generator that produces hydrogen peroxide (H₂O₂) on-site based on patented electrochemical technology. The H₂O₂ used converts to water and oxygen after application. This technology makes it possible to use environmentally friendly H₂O₂ even in places where transportation has been economically unfeasible or even impossible until now. The system requires only electricity, water and air on-site.   Source