frx innovations and lanxess deepen strategic partnership to drive sustainable development of the flame retardant industry

german specialty chemicals company lanxess is a global player in the chemical industry and one of the largest producers of flame retardants, and frx innovations is a world-leading developer and manufacturer of flame retardant additives for environmentally sustainable polymers. the two companies announced the signing of a memorandum of understanding covering:

● lanxess evaluation of contract manufacturing of a range of frx patented nofia® series.

● potential of lanxess' patented frx raw material for the production of nofia® flame retardants.

● lanxess explores potential markets for nofia® flame retardants in specific industries and/or regions.

karsten job, general manager of lanxess polymer additives business unit, said: "as a unique sustainable flame retardant solution for polymers, the nofia® series joins lanxess' existing portfolio of phosphorus flame retardants and sustainable flame retardant solutions. the long-term strategy of frx innovations is a perfect fit. we believe that frx innovations' nofia® technology will capture a significant market share in this market."

marc lebel, ceo of frx innovations, said: "the cooperation with lanxess is a decisive step in the development of our nofia® business. the recently passed legislation has directly led to major changes in market dynamics, allowing nofia® products to enter a large number of new application fields. lanxess operates the world's largest flame retardant additives business, and we believe that a strategic partnership with lanxess will be crucial for both of us to capture the considerable future growth opportunities."

marc lebel continued: "the partnership we are discussing is very much in line with frx innovations' corporate purpose to be a leader in the environmentally sustainable revolution currently driving the flame retardant industry."