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2012-02-02

LANXESS Exploring Opportunities in Shale Gas

Broad Product Portfolio Presents Various Possibilities

Specialty chemicals company LANXESS Corporation is currently engaged in a business development effort to market several of its products to the Oil and Gas Industry.   

Recently, LANXESS made a significant investment in the review of its portfolio to determine whether any of its products could be utilized in the emerging shale gas industry.  The initial results of this effort identified multiple offerings, such as friction reducers, corrosion inhibitors, scale inhibitors and biocides, that can add a significant value for the industry.  

Furthermore, with a focus on sustainability, LANXESS believes its products will provide a “greener” solution to those currently used in the market.  

For example, LANXESS Sybron Chemicals Inc., a wholly-owned subsidiary of LANXESS Corporation that manufacturers ion exchange resins, is working closely with BioteQ Environmental Technologies to develop an economical way to treat acid mine drainage water, which could then be used as make-up water in the hydraulic fracturing process.  Firuza Mir, President of LANXESS Sybron Chemicals Inc., says, “Finding a beneficial use for these stressed water sources is a win for the energy sector and a win for the environment.”

“Our North American headquarters is located in Pittsburgh, Pennsylvania – a city at the heart of the growth and investment connected to the Marcellus Shale Formation,” explains Randy Dearth, President and CEO of LANXESS Corporation. “For the chemical industry, shale gas is a game-changer. We believe it will rejuvenate America’s chemistry industry, strengthen U.S. manufacturing, boost exports, create jobs and significantly improve America’s energy security. At LANXESS, we want to be a part of these solutions, part of this progress.”



About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 8.8 billion in 2011 and currently around 16,800 employees in 30 countries. The company is at present represented at 49 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainable indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good.


Leverkusen,      2012


Forward-Looking Statements.

This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.


Information for editors:


All LANXESS news releases and their accompanying photos can be found at press.lanxess.com. Recent photos of the Board of Management and other LANXESS image material are available at photos.lanxess.com. The latest TV footage, audiofiles and podcasts can be found at multimedia.lanxess.com.


You can find further information concerning LANXESS chemistry in our WebMagazine at webmagazine.lanxess.com.


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Pittsburgh, Pennsylvania 15275-1112

Phone: +1 412-809-1000

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