Free press releases distribution network?

Agency / Source: LANXESS

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



LANXESS Invests in U.S. Biofuel & Biochemical Company - LANXESS, the world’s largest producer of synthetic rubber, has invested in U.S. biofuel & biochemical company Gevo, Inc. as part of a proposed cooperation to produce isobutene from renewable resources
LANXESS Invests in U.S. Biofuel & Biochemical Company

 

PRZOOM - /newswire/ - Leverkusen, Germany, 2010/05/26 - LANXESS, the world’s largest producer of synthetic rubber, has invested in U.S. biofuel & biochemical company Gevo, Inc. as part of a proposed cooperation to produce isobutene from renewable resources. FRA: DE Frankfurt: LXS

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• USD 10 million investment in Gevo
• Step toward securing alternative raw material supply
• Strengthening of ‘Green Chemistry’ activities

The companies aim to find an alternative route to source isobutene – a key raw material needed in the manufacturing of butyl rubber.

Isobutene is conventionally produced in steam crackers, which use petroleum derivatives as a feedstock. Alternatively, Gevo is developing a fermentation process to produce the organic compound isobutanol from the fermentable sugars in biomass, starting with corn. Isobutanol is a fundamental building block for making biodiesel, bio jet fuel as well as plastics, rubber and fibers.

Gevo (gevo.com) and LANXESS (LANXESS.com) intend to use their technical know-how to produce isobutene by dehydrating isobutanol. Researchers from LANXESS’ innovation department and the Butyl Rubber business unit are working together to optimize the dehydration process, which has proven successful in the laboratory.

“This investment and the proposed cooperation broaden our future supply options against the background of volatile raw material prices and consolidation within the petrochemical industry,” said Axel C. Heitmann, Chairman of the LANXESS Board of Management. “This investment also underpins our commitment to ‘Green Chemistry’, which is becoming more important to all stakeholders.”

LANXESS has invested USD 10 million in the Denver, Colorado-based company. In exchange, it has received a minority shareholding in Gevo and a seat on the Director’s Board, which will be filled by Ron Commander, head of the company’s Butyl Rubber Business Unit.

“We are extremely pleased to have LANXESS make a strategic investment in Gevo and appreciate their confidence in our isobutanol platform,” said Patrick Gruber, CEO of Gevo. “We expect this renewable hydrocarbon feedstock will have many applications in a variety of chemical markets.”

Other noteworthy investors in Gevo are the French oil and gas group Total SA and airline-founder Richard Branson’s Virgin Green Fund – a leading investor in the cleantech industry. Gevo has 55 employees and works closely with a number of world-renowned institutions including the University of California, Los Angeles (UCLA) and the California Institute of Technology. The company was founded in 2005.

LANXESS is the world’s second largest producer of butyl rubber and has plants in Sarnia, Canada, and Zwijndrecht, Belgium. In addition, the company is investing a record EUR 400 million in a new butyl rubber plant in Singapore, which will start up in the first quarter of 2013.

‘Green Chemistry’ initiatives

Since its inception in 2005, LANXESS has been focusing on sustainable technologies and processes. For example, the company has reduced its direct climate gas emissions globally by more than 50 percent over the last two years. In addition, the goal set for Germany of reducing climate gas emissions by 80 percent by 2012 compared to 2007 was already reached last year. A key contributor to this achievement has been LANXESS’ nitrous oxide (N2O) reduction unit in Krefeld-Uerdingen, Germany. The new facility neutralizes around 5,000 metric tons of nitrous oxide per year. This corresponds to approximately 1.5 million metric tons of CO2 equivalents in comparison to 2007.

LANXESS has developed synthetic rubber and rubber additives that improve the fuel efficiency of high-performance tires, while at the same time not compromising on safety. The reduction in fuel consumption cuts down the discharge of CO2 and lowers the impact on the environment.

Clean drinking water has become a precious resource in many emerging countries in view of growing populations and climate change. LANXESS plays a leading role here by developing innovative ion exchange resins that help remove toxic impurities from drinking water, such as heavy metals and other harmful substances including arsenic.

LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,300 employees in 23 countries. The company is represented at 42 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: LANXESS

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


LANXESS Invests in U.S. Biofuel & Biochemical Company

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
LANXESS Press | Gevo Article
Contact: Daniel Smith - LANXESS.com 
+49 214 30-75179 daniel-alexander.smith[.]lanxess.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LANXESS securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From LANXESS / Company Profile


Read Manufacturing/Robotics Most Recent Related Press Releases:

PPG Initiates Global Restructuring, Targeting $125 Million in Annual Savings
Local Manufacturing Offers Strong Growth Opportunities in the Thriving Nigeria and South Africa Cement Additives Markets Reports Frost & Sullivan
BASF Expands Automotive Refinish Coatings Manufacturing to Asia Pacific
Alstom’s South African JV Gibela Successfully Handed Over to PRASA The First X’Trapolis Mega
Neptune Lines Reduces Fuel Consumption and Emissions with Hempaguard
BASF Launches Ucrete MF40AS Industrial Flooring System on the European Market
Raritan Unveils Intelligent Cabinet Concept in Collaboration with Legrand Data Communications At Gartner Conference
Beretta Continues Global Celebration of its 490th Anniversary with Unveiling of One-of-a-Kind Shotgun in New York City
LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today