LANXESS Earns ICIS Innovation Award for Breakthrough in LFP Battery Materials

LANXESS Earns ICIS Innovation Award for Breakthrough in LFP Battery Materials

(IN BRIEF) LANXESS has won the ICIS Innovation Award 2024 for its development of high-quality iron oxides used in lithium iron phosphate (LFP) battery cathodes. This recognition underscores LANXESS’ role in advancing Western value chains for LFP technology. The company is also exploring the production of iron phosphate, a crucial precursor for LFP batteries, to offer a sustainable alternative to Asian supply chains. LANXESS aims to enhance the performance and environmental impact of LFP batteries, which are increasingly used in electric vehicles and energy storage systems.

(PRESS RELEASE) COLOGNE, 7-Sep-2024 — /EuropaWire/ — LANXESS, a leading global specialty chemicals company, has been honored with the ICIS Innovation Award 2024 for its pioneering work in lithium iron phosphate (LFP) battery materials. This accolade, given in the category of “Best Product Innovation from a Large Company,” highlights LANXESS’ commitment to advancing Western value chains for LFP technology.

The award celebrates LANXESS’ introduction of high-quality iron oxide pigments, branded as Bayoxide, which are essential for the production of LFP battery cathodes. These innovations promise to enhance the performance, efficiency, and sustainability of LFP batteries, which are increasingly used in electric vehicles and energy storage systems due to their safety and cost-effectiveness.

LANXESS has also signaled a strategic move to further strengthen its position in the LFP market by exploring the production of iron phosphate. This precursor is crucial for LFP batteries and currently lacks adequate production capacity in Europe. The company is evaluating the installation of dedicated production facilities to offer a competitive and environmentally friendly alternative to existing Asian supply chains. The LANXESS method, which avoids climate-damaging emissions and high-salt wastewater, promises a more sustainable production process compared to traditional methods.

Michael Ertl, Head of LANXESS’ Inorganic Pigments business unit, emphasized the significance of this award: “Our innovative Bayoxide battery grades reflect our commitment to leading the charge in sustainable battery technology. By advancing LFP technology, we are not only contributing to the electrification of mobility but also enhancing the environmental sustainability of the energy transition.”

LANXESS’ contributions to LFP technology will also be showcased at the Battery Show North America in October, further demonstrating their role in driving forward the future of battery materials.

For more details on LANXESS’ innovative products, visit LANXESS Bayferrox.

About the ICIS Innovation Awards

Established in 2004, the ICIS Innovation Awards recognize outstanding achievements in the chemical industry across products, processes, and sustainability. The awards are judged by an independent panel of experts from academia, industry, and media.

About LANXESS
LANXESS is a leading specialty chemicals company with sales of EUR 6.7 billion in 2023. The company currently has about 12,800 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. LANXESS is listed in the leading sustainability indices of the Dow Jones Sustainability Index (DJSI World and Europe).

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.

Media Contact:

Michael Fahrig
Spokesperson Trade & Technical Media
+49 221 8885 5041
michael.fahrig@lanxess.com

SOURCE: LANXESS AG