PRTODAY / NewswireToday Free press release distribution service network

Written by / 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

 

NewswireToday - /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!


 

Written by / Agency / Source: LANXESS

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today 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 Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

LANXESS Press | Gevo Article
Publisher Contact: Daniel Smith - LANXESS.com 
+49 214 30-75179 daniel-alexander.smith[.]lanxess.com
 
Newswire Today - PRZOOM / PRTODAY 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 Articles From LANXESS / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

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
Nexans to Drive Sustainable Transportation At its Annual Technical Conference
Tripp Lite Introduces A New Series of Pre-assembled 40 Gb to 10 Gb Breakout Fiber Patch Panels
Borealis and Asmidal Sign Memorandum of Understanding to Jointly Evaluate Opportunities for Melamine Production in Algeria
SCHOTT’s New Ultra-Thin Glass is the Thinnest, Toughest, Most Eco-Friendly Glass for Consumer Electronics
Hexagon Manufacturing Intelligence Supplies PTB with Leitz PMM-G
Atlas Copco Completes Acquisition of Chinese Self-pierce Riveting Solutions Business
SCHOTT Introduces Superior X-ray Imaging with SCHOTT’s Fiber Optic Faceplates and BOROFLOAT® Glass
PPG Wins Big At 2016 SEMA Show PPG-painted Cars, Trucks Capture Major Awards
Tripp Lite’s Breakthrough 3-Phase Rack ATS PDUs Granted U.S. Patent
Nexans Launches PVC-free MOTIONLINE® HALEX Automation Cables

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | 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 entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)