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."