Performance Chemicals

Our Performance Chemicals division is a leading organic chemical intermediates business that specialises in phenol, phenol specialities and a full range of oxygenated solvents (e.g. acetone, isopropanol, isopropyl acetate). We are a also a leading chlorhydric acid distributor.

We have adopted a market-oriented business approach in order to facilitate closer relationships with our customers, who include many of the world’s largest companies in their respective industries. Key end-markets include cosmetics and fragrances, pharmaceutical and healthcare, environment, food, automotive, construction and chemical intermediates.

Performance Chemicals is accelerating its strategy of downstream development in high-value speciality products. The division has been awarded by the Pierre Potier Prize for its innovative new isopropyl acetate production process using reactive distillation en 2016. In June 2017, the launch of a new production unit of manufacture of DIPE (Diisopropyl Ether) marked a new milestone in widening its offering of oxygenated solvents and expanding its range of high-quality speciality products.

The Performance Chemicals business model is based on several key value drivers:

  • Fully integrated processes
  • Cost leadership in catchment area: low transportation costs and secure access to feedstocks and energy
  • Highly competitive assets, presence on competitive chemical platforms in Europe and best-in-class continuous improvement results
  • Highly cash-generative financial profile.

The Performance Chemicals division includes 2 business units:

Novapex           Novacid


3 production sites


Third largest phenol and oxygenated solvents player in Europe


Novapex in 3 minutes