2019-06-05

LANXESS Co-hosts the Hackathon 2019-The Second Young Talents’ Chemical Innovation Challenge

Group photo of participants of Hackathon 2019

Shanghai – June 5, 2019 –The final of the second Young Talents’ Chemical Innovation Challenge (Hackathon 2019) took place on May 31st and June 1st in Shanghai. The event was organized by the Multinationals Committee of the China Petroleum and Chemical Industry Federation (MNC, CPCIF) and co-hosted by fifteen multinationals including German specialty chemicals company LANXESS.

The project “Natural Straw with Garlic Peel as Raw Material” of “Please, take” team from China Pharmaceutical University has received high praises from all judges and won the 1st prize. CPCIF Chairman Li Shousheng awarded the prize to them.

CPCIF Chairman Li Shousheng presenting the 1st prize to the winning team

This is the second time that LANXESS has co-hosted the Hackathon. Three LANXESS executives, namely Hak Leong Chok, Executive Vice President APAC at the Additives business unit; Chen Lie, Director of Digital Transformation APAC, and Wells Chou, Head of Human Resources APAC, took roles as specialized instructor, cross-discipline instructor and judge. They carefully guided the competing teams and gave professional advice on the recycling system for new plastics. 

LANXESS mentors coaching the team

As part of CPCIF “2019 Together for Sustainable Community” (TFSC) series and the only Hackathon of Chinese chemical industry, the second Young Talents’ Chemical Innovation Challenge strengthened “the connection of social focused events and providing professional solutions” based on the successful experience of the first Challenge last year. The topic of this year is “New Plastic Economy”, which encouraged students to explore innovative solutions to product innovation, process innovation and paradigm innovation to address current social concerns about plastic pollution and ocean plastic wastes by exploring new methods and ideas.

Entries of more than 40 teams from 22 universities were received within only two weeks since the topic release. After two rounds of selection, 15 teams from China Pharmaceutical University, Harbin Industrial University (Weihai), Tsinghua University, Zhejiang University, Tianjin University, Ningbo Institute of Materials, Chinese Academy of Sciences, Shanghai Advanced Research Institute (Chinese Academy of Sciences), Dalian University of Technology, Beijing University of Chemical Technology, Donghua University, Beijing Institute of Technology, Shenyang University of Chemical Technology and Changzhou University were qualified to the final stage.

Supporting educational programs is one of the examples of LANXESS's commitment to corporate social responsibility and sustainable development. From 2008 to 2018, LANXESS has launched more than 500 educational programs around the world, reaching more than 700,000 people. In order to encourage college students to actively participate in efforts towards sustainable development of water resources and give full play to their knowledge and creativity, LANXESS has hosted the “Clean Water for Better Life” University Students Research Competition since 2015. Over these five years, the competition has been actively participated by 729 students of 32 university from 13 provinces (municipalities and autonomous regions). 

As reported, the team “Foaming cube” from Ningbo Institute of Materials and the team “Plastic Bigbang” from Dalian University of Technology won the 2nd prizes respectively with their projects “Flame-retardant Modification of Polypropylene Foam” and “Intelligent Recycling Bin in Plastic Terminal”. Three teams: Shuimu Plastic Innovation, Infinite Magic of Membrane, and Chemical Fiber Engineering Research team from Tsinghua University, Shenyang University of Chemical Technology and Donghua University won the 3rd prizes with projects “New Thermosetting Material”, “Product Innovation – New Functional Plastic Material” and “Process Innovation – Polyamide 6-based Polymers”.  

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33 countries and is represented at 60 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.


LANXESS China

On January 31, 2005, the company was initially listed on the Frankfurt Stock Exchange and LANXESS Chemical (China) Co., Ltd. officially started operations. LANXESS has 15 subsidiaries, 7 R&D centers and 7 production sites with around 1,500 employees in Greater China. LANXESS works closely with its local partners to develop market-oriented solutions that meet local market needs.


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 accept any liability whatsoever arising directly or indirectly from the use of this document.


Information for editors:All LANXESS news releases and accompanying photo, video and audio materials can be found at www.lanxess.cn, www.weibo.com/lanxess, or LANXESS’ official WeChat account: LANXESS_china 

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Yu Fiona

Yu Fiona
Corporate Communications

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