2019-12-09

LANXESS to become climate neutral by 2040

  • First major projects to lower CO2e underway
  • Carbon footprint becomes criterion for future growth
  • Research focusing on climate neutral process and technology innovations

Shanghai – December 9, 2019 – Specialty chemicals company LANXESS has set itself an ambitious climate protection target. By 2040, the Group intends to become climate neutral and eliminate its greenhouse gas emissions from around 3.2 million metric tons of CO2e today. Already by 2030, LANXESS aims to cut its emissions by 50 percent compared to the current level to around 1.6 million metric tons of CO2e.


“Under the Paris agreement, the global community decided to limit global warming to less than two degrees. This requires massive efforts on the part of everyone involved. With our goal of achieving climate neutrality by 2040, we are fulfilling our responsibility as a global specialty chemicals company. At the same time, we will be an even more sustainable partner for our customers in the future,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG. Zachert also highlighted the long-term cost savings associated with a more efficient use of resources, saying that “climate protection is a business case”.


Clear strategy to lower emissions

LANXESS is taking a three-pronged approach to become climate neutral by 2040.


 Launch major impact projects for climate protection:
Over the next few years, LANXESS will put into action special projects to significantly lower greenhouse gases. For example, the Group is currently building a facility for the decomposition of nitrous oxide at its Antwerp, Belgium, site. The new facility will begin operations in 2020 and reduce annual greenhouse gas emissions by around 150,000 metric tons of CO2e. After a second expansion in 2023, CO2e emissions will fall by another 300,000 metric tons.


Decouple emissions and growth:
LANXESS is on growth course. But despite increasing production volumes, emissions of greenhouse gases in the individual business units are set to decline. In addition to technological efficiency, changes to governance instruments play a role, with the impact on the company’s carbon footprint becoming an investment criterion for organic growth and acquisitions. This gives business units that achieve better than average reductions in greenhouse gas emissions a direct financial advantage. Moreover, lowering CO2e will be introduced as an assessment criterion in the bonus system for managers.


Strengthen process and technological innovations:
LANXESS is revising many of its existing production processes in order to become climate neutral by 2040. For example, the Group will continue to improve its “Verbund” structures, e.g., when it comes to heat exchange between plants and air purification. Other procedures must first be developed on an industrial scale. The Group is therefore focusing its research more closely towards climate neutral process and technological innovation.

50 percent decrease in greenhouse gases since LANXESS was established

Since it was founded, LANXESS has made substantial progress on its way to becoming more environmentally friendly. Between 2004 and 2018, the Group halved its greenhouse gas emissions from around 6.5 million metric tons of CO2e to about 3.2 million metric tons. Substantial contribution came from a nitrous oxide reduction plant in Krefeld-Uerdingen, Germany, commissioned in 2009. The specialty chemicals company has also carried out numerous other projects to lower emissions at its sites around the world and supports local initiatives to tackle climate change. LANXESS has already achieved its previous targets of improving energy efficiency in conjunction with reducing specific CO2 emissions and emissions of volatile organic compounds by 25 percent each against 2015.


To measure its emissions, LANXESS looks at the emissions of greenhouse gases defined in the Kyoto Protocol and calculates their greenhouse effect in comparison to carbon dioxide (CO2e). The specialty chemicals company includes emissions from its own production (Scope 1) and from external energy sources (Scope 2) in the calculation.



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 8 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 http://www.lanxess.cn, http://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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