Companies agree on production of key basic chemicals

23-Jan-2023

Chemical companies Covestro and LANXESS are cooperating in the energy-intensive production of basic chemicals at their Lower Rhine sites in Germany and make them more climate friendly. LANXESS sources chlorine, caustic soda and hydrogen from the ISCC PLUS-certified sites of Covestro in Leverkusen ...

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Target 2050: Fully climate-neutral raw materials

05-Jan-2023

Specialty chemicals company LANXESS and French energy group TotalEnergies have entered into a cooperation on the supply of biocircular styrene. Unlike conventional styrene, the raw material used by TotalEnergies is based on tall oil, which is derived from a tree resin and is a by-product of pulp ...

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Increased raw material and energy prices successfully passed on

09-Nov-2022

In a challenging environment with a continued rise in energy and raw material costs, the specialty chemicals company LANXESS delivered good results for the third quarter of 2022: Sales increased by a significant 38.2 percent from EUR 1.581 billion in the prior-year quarter to EUR 2.185 billion. ...

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Sales in the first quarter increase by 43.7 percent to EUR 2.432 billion

05-May-2022

In a challenging environment, specialty chemicals company LANXESS made a strong start to the year 2022. It confirmed the preliminary figures for the first quarter released on April 19. LANXESS is also confident going into the second quarter, in which the Group expects EBITDA pre exceptionals of ...

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Sales up 23.8 percent year-on-year at EUR 7.557 billion

11-Mar-2022

LANXESS closed fiscal year 2021 successfully. Despite immense increases in energy, raw material and freight costs, the specialty chemicals company significantly improved its sales and earnings. Group sales amounted to EUR 7.557 billion in 2021, up 23.8 percent on the previous year’s figure of EUR ...

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LANXESS safeguards opportunities in the attractive lithium market

25-Feb-2022

LANXESS and Standard Lithium have signed an agreement setting forth the path forward for their lithium project. After 20 months of testing on the basis of a pilot plant Standard Lithium will now in a next step, conduct a Front End Engineering Design (FEED) study in order to evaluate the potential ...

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14-Feb-2022

There are several personnel changes at the specialty chemicals company LANXESS: Martin Saewe (55) will become the new head of the Group’s initiative for e-mobility and circular economy on April 1, 2022. Saewe is currently head of the Lubricants Additives Business (LAB) business unit. Martin Saewe ...

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Development of new generation of sustainable preservatives

02-Feb-2022

Specialty chemicals company LANXESS and Matrìca, a joint venture between Versalis (Eni) and Novamont, have partnered to produce sustainable biocide preservatives from renewable raw materials. Starting in January 2022, the Matrìca plant at Porto Torres (Sardinia, Italy) will supply LANXESS with ...

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Long-term trend towards more disinfection

27-Jan-2022

LANXESS is expanding its production capacity for the active ingredient Preventol CMK (chlorocresol) at the Krefeld-Uerdingen, Germany, site by around 50 percent in response to the continuing strong demand for disinfectants and industrial preservation. The specialty chemicals company has invested ...

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Investment of EUR 30 million on strong market demand

25-Nov-2021

LANXESS will expand its production network in China: The specialty chemicals company will build a second compounding line for Durethan- and Pocan-branded high-tech engineering plastics at its manufacturing site in Changzhou. An important investment of around EUR 30 million will increase the ...

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