LANXESS invests in its production site in Lillo/Antwerp
LANXESS announced plans to further strengthen its integrated production complex for polyamide and precursors for plastics in Antwerp. With an investment of roughly EUR 25 million in 2017, the specialty chemicals company will primarily implement measures to further enhance efficiency.
“Our integrated production complex in Lillo is the backbone of our global business for high-tech plastics. Given the trend toward lightweight construction in the automotive industry, for example, this is a major future market. Therefore we are continuously strengthening the competitiveness of this site. In total, our company has invested more than EUR 300 million in Lillo since 2004 – a sum that shows our firm commitment to this site,” said Matthias Zachert, Chairman of the Board of Management at LANXESS.
The announcement was made on the occasion of the 50th anniversary of caprolactam production at the site. Caprolactam is a key precursor for the production of LANXESS’s high-tech plastics. Besides the automotive industry, these plastics are also used in electrical and electronics applications.
In recent years LANXESS has focused on building a balanced value chain for its high-tech plastics production operations, which absorbs the lion’s share of the intermediates produced for captive use. A milestone on that strategic path was the construction of a world-class polymerization plant with an annual capacity of 90,000 metric tons connected directly to the caprolactam production facility. Since its start in summer 2014, the polyamide is shipped from Antwerp to LANXESS’s global network of compounding facilities, where it is further processed into the high-tech plastics.
Categories
Investments
Chemical substances
Countries
Companies
Latest news
Clariant's MegaMax™ 900 catalyst: Powerful start at European Energy's e-methanol plant
European Energy successfully started up their e-methanol plant in Kasso, Denmark, using Clariant’s MegaMax 900 catalyst. The Power-to-X plant is one of the world’s first and currently largest comme...
Kazakhstan’s largest petrochemical project: first piles driven for polyethylene plant in Atyrau
The construction of the plant, which has a capacity of 1.25 million tons of polyethylene per year and an investment of approximately 7 billion US dollars, is expected to be completed by 2028, with ...
Vynova Alkoxides GmbH awards first basic engineering contract for new alcoholates plant at the Lülsdorf site in Germany.
Vynova starts the construction of a new alcoholates plant at the Chemiepark Lülsdorf. A contract for basic engineering has been awarded to an external engineering company for finalising the basic d...
Norway: TotalEnergies and partners launch the 2nd phase of Northern Lights CCS project
Northern Lights will increase its CO2 storage capacity to more than 5 Mt per year. Northern Lights signed a commercial agreement with Stockholm Exergi for transport and storage of 900 kt CO2/y, fro...