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    LXS   DE0005470405

LANXESS AG

(LXS)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 10/22 08:02:33 am
58.39 EUR   +1.37%
10/18LANXESS : expands production capacities in Asia
PU
10/15LANXESS AG : Gets a Buy rating from NorldLB
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10/14LANXESS AG : Jefferies takes a positive view
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LANXESS : New sustainable plastics for the circular economy

10/13/2021 | 08:12am EDT
New sustainable plastics for the circular economy
  • 100 percent bio-based material made from polylactic acid and flax fabrics
  • High-performance plastic for the automotive industry containing more than 90 percent sustainable raw materials
CologneOctober 13, 2021
[Link]LANXESS
Demonstrator component with polylactic acid matrix and fabric reinforcement based on flax fibres. The component surface features a brownish bio-carbon appearance, which comes from the flax fibres.

LANXESS is driving forward the circular economy: The specialty chemicals company is increasingly using bio-based or recycled raw materials in its plastics production.

A new variant of the composite Tepex is 100 percent based on the biological raw materials flax and polylactic acid. "We have combined fabrics made from the natural flax fibers with bio-based polylactic acid as a matrix material and thereby developed a composite manufactured entirely from natural resources. We are now able to produce it to a level of quality suitable for large-scale production," explains Stefan Seidel, Head of Tepex Research and Development at LANXESS.

The extremely strong material is suitable for use in sports articles, in the production of automotive interior parts and in electronics for case components. LANXESS produces the composite at its site in Brilon, Germany.

Tepex can be recycled completely. After its use, the product can be shredded and easily processed into new plastic.

"Green" cyclohexane for plastics in automotive engineering

LANXESS also relies on sustainable raw materials for its Durethan brand polyamide-6 plastics . In the latest product, 92 percent of the raw materials have been replaced by sustainable alternatives; the long-term plan is to increase the proportion to 100 percent.

The sustainable origin of the raw materials is certified according to the rules of ISCC Plus ("International Sustainability and Carbon Certification") using the mass balance approach. This method compares the quantities of raw materials used with the quantities of products produced and creates an accounting link between input and output, similar to the purchase of green power.

In the production of the high-performance plastic, LANXESS uses "green" cyclohexane from sustainable sources such as rapeseed oil or other biomass as raw material. For the supply of "green" cyclohexane LANXESS has entered into a strategic cooperation with energy company bp. The high-performance plastic is also reinforced with 60 percent by weight of glass fibers recycled from industrial glass waste.

The alternative raw materials are chemically identical to their equivalents of fossil origin. Therefore, the plastic has the same properties as its fossil-based counterpart. It was developed at the LANXESS site in Dormagen, Germany, and is manufactured at the site in Krefeld, Germany.

"A climate-neutral future can only become a reality if we increasingly use sustainable products," says Frederique van Baarle, Head of the High Performance Materials business unit at LANXESS.

New "Scopeblue" brand label

In the future, LANXESS will add "Scopeblue" to its most sustainable products. The brand label marks products that either consist of at least 50 percent circular (recycled or biobased) raw materials or whose carbon footprint is at least 50 percent lower than the one of conventional products.

About LANXESS
LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,800 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.
Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.

Information for editors:
All LANXESS news releases and their accompanying photos can be found at http://press.lanxess.com.
Recent photos of the Board of Management and other LANXESS image material are available at http://photos.lanxess.com.

You can find further information concerning LANXESS chemistry in our digital magazine "Inside LANXESS" at http://inside.lanxess.com.

Disclaimer

Lanxess AG published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 12:11:06 UTC.


© Publicnow 2021
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Sales 2021 7 019 M 8 168 M 8 168 M
Net income 2021 260 M 303 M 303 M
Net Debt 2021 1 924 M 2 239 M 2 239 M
P/E ratio 2021 18,8x
Yield 2021 1,89%
Capitalization 4 968 M 5 785 M 5 782 M
EV / Sales 2021 0,98x
EV / Sales 2022 0,92x
Nbr of Employees 14 304
Free-Float 93,6%
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 57,60 €
Average target price 72,00 €
Spread / Average Target 25,0%
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Managers and Directors
Matthias Zachert Chairman-Management Board
Michael Pontzen Chief Financial Officer
Matthias L. Wolfgruber Chairman-Supervisory Board
Werner Czaplik Member-Supervisory Board
Theo H. Walthie Member-Supervisory Board
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