In 1826 he purchased Fredens Mølle on Amager and in 1831 established the first production of sulfuric acid in the Nordic countries.

[1] Owen married Susanne Christine van der Pallien (1 August 1794 – 15 November 1884) on 1 March 1816 in the Church of the Holy Ghost in Copenhagen.

She was a daughter of Ryberg & Co. partner Georg Daniel van der Pallien (c. 1764–1841) and Elisabeth (Betsy) Juditha Christiansen (c. 1778–1865).

It was sold to the Danish Sulphuric Acid and Superphosphate Plant (Dansk Svovlsyre- og Superphosfatfabrik) and moved to Kastrup in the early 1900s.

It is called Fredens Mølle and a relief above one of the doors commemorates the long industrial history of the site.