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 Steps Up Commitment to Biobased Raw Materials - LANXESS is strengthening its commitment to produce premium synthetic rubber from biobased raw materials
LANXESS Steps Up Commitment to Biobased Raw Materials


PRZOOM - /newswire/ - Leverkusen, Germany, 2011/02/15 - LANXESS is strengthening its commitment to produce premium synthetic rubber from biobased raw materials. 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 17 million invested in Gevo’s IPO;
• 10-year exclusive supply agreement with Gevo;
• Biobased butyl rubber successfully produced in tests.

As part of this commitment, LANXESS has increased its minority shareholding in Gevo, Inc. that focuses on renewable chemicals and advanced biofuels.

LANXESS’ shareholding now amounts to 9.1 percent after the world’s largest synthetic rubber producer invested USD 17 million in the US-company’s initial public offering. LANXESS initially invested USD 10 million in Gevo as part of a private placement in May 2010.

LANXESS’ increased equity stake reflects the good progress made by both companies in developing isobutene from renewable resources. Isobutene is a key raw material needed in the manufacture of butyl rubber.

“As the world’s largest purchaser of isobutene, it is only prudent that we seek other supply options from renewable sources as an alternative to traditional fossil fuels,” said Axel C. Heitmann, Chairman of the LANXESS Board of Management. “This investment also sharpens our focus on ‘Green Chemistry’ and sustainable production, which will gain in significance in the coming years.”

Isobutene is conventionally produced in steam crackers, which use various petrochemical-based materials as feedstock. Alternatively, Gevo is developing a fermentation process to produce the organic compound isobutanol from the fermentable sugars in biomass, starting with corn. At the same time, LANXESS is developing a dehydration process to convert isobutanol into isobutene.

In addition to the share deal, both companies have signed an agreement that gives LANXESS certain exclusive rights to purchase biobased isobutanol from Gevo, while Gevo receives an exclusive first right to supply LANXESS with specified quantities of biobased isobutanol over a ten-year period. This arrangement is still subject to the parties’ completion of a definitive off-take agreement, which is presently in negotiation.

“We are extremely pleased that LANXESS has increased its holdings in Gevo,” said Patrick Gruber, CEO of Gevo. “This new 10 year agreement further validates the technology and investment behind creating isobutene from renewable resources. It solidifies our strategic relationship with a global leader and enables us to better plan our future capacity growth.”

Gevo’s isobutanol can be used directly as a specialty chemical, as a gasoline blendstock, a jet feedstock and through conversion into plastics, fibers, rubber and other polymers. Gevo is currently retrofitting capacity of 22 million gallons per year (MGPY) at its first ethanol facility in Luverne, Minnesota, to produce 18 MGPY (50,000 metric tons) of isobutanol in the first half of 2012. In addition, Gevo plans to expand its production capacity in the coming years through acquisitions and joint ventures and aims to have more than 350 MGPY of production capacity by 2015.

LANXESS’ dehydration process has not only proven to be successful in the laboratory but also in a small-scale reactor in Leverkusen, Germany, over a period of several months. Tests have shown that the process can deliver biobased butyl rubber that meets the rigorous specifications of the tire industry, which represents roughly 25 percent of LANXESS’ sales.

Colorado-based Gevo was founded in 2005 and currently has about 100 employees. It has raised USD 95.7 million through its initial public offering and its stock started trading on the Nasdaq stock exchange on February 9, 2011. Other existing shareholders in Gevo, including Richard Branson’s Virgin Green Fund, have also invested additional funds in the IPO.

LANXESS is the world’s second-largest producer of butyl rubber and has plants in Sarnia, Canada, and Zwijndrecht, Belgium. The company is also investing EUR 400 million in a new butyl rubber plant in Singapore, which comes on stream in the first quarter of 2013.

LANXESS’ butyl rubber business, headed by Ron Commander, produces high-quality butyl and halobutyl rubbers for the tire and rubber industry. High impermeability to gases and liquids is one of the great advantages of these rubbers. This property is particularly useful for tire inner liners, inner tubes and other niche markets, such as pharmaceutical closures and protective clothing.

LANXESS and Gevo will be hosting a plenary session at BIO’s eighth annual World Congress on Industrial Biotechnology and Bioprocessing in Toronto, Canada, on May 8-11. The congress will present progress in the commercialization of advanced biofuels, renewable chemical platforms, renewable feedstocks and feedstock crop development as well as advances in algae technology, marine biotech, food ingredients and synthetic biology. For more information about the event please visit:

LANXESS ( is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,700 employees in 24 countries. The company is represented at 45 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 Steps Up Commitment to Biobased Raw Materials

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!
Contact: Daniel Smith - 
+49 214 30-75179 daniel-alexander.smith[.]
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:

BASF Launches Formaldpure Catalyst for Improving Indoor Air Quality
ITT Enidine to Highlight Comprehensive Shock and Vibration Solutions At PACK EXPO Las Vegas
Rockwell Automation to Present Smart Machine Technology at PACK EXPO Las Vegas
Voith FilmLube - Uniform Moistening Results in Improved Press Felt Performance
ITT Cannon Introduces High-Performing and Environmentally Sealed CTC Connector Series for Harsh Environments
BASF Polyurethane Powers High Energy Return in New Brooks Levitate Running Shoes
OFS Launches FlightLinx® PLUS Fiber Optic Cable at SAE 2017, Aerotech Congress and Exhibition
Voith Builds Another Two Paper Machines for Banknotes in Mysore, India
PPG Receives ISEGA Certification for TESLIN Food-Grade Substrate
SCHOTT Introduces Versatile Interior Lighting Solution for Automobiles

Boost Your Social Network
& Crowdfunding Campaigns

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


Visit  NAKIVO, Inc.


Visit  La Bella Bakery Artisan Bakery Arizona

  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR 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 freenewswiredistribution asianewstoday bizwiretoday USA pr UK today