LANXESS supplies specialized materials for lithium-ion batteries, including cathode precursors (e.g., lithium iron phosphate) and electrolyte salts (LiPF6, LiFSI). Through subsidiary Saltigo, it develops advanced electrolyte formulations and manufactures anhydrous hydrofluoric acids and phosphorus chemicals. It also produces synthetic immersion-cooling fluids with high flame resistance and non-conductivity, specialized flame retardants for high-performance plastics, non-flammable electrolytes, and polyurethane casting compounds for battery safety.
Precursors for lithium iron phosphate cathodes; lithium hexafluorophosphate (LiPF6) and lithium bis(fluorosulfonyl)imide (LiFSI) electrolyte salts; anhydrous hydrofluoric acids; phosphorus chemicals; synthetic immersion-cooling fluids (non-conductive, flame-resistant); specialized flame retardants; non-flammable electrolytes; polyurethane casting compounds.
In 2023, LANXESS achieved EUR 159 million EBITDA pre-exceptionals, exceeding expected EUR 130 million, driven by U.S. demand. Awarded the ICIS Innovation Award 2024 for iron oxides in LFP batteries. Launched Everest ESR 220 refrigeration lubricant in 2024. Secured an EUR 800 million sustainable credit line.
Investors are composed of 92.0% institutional and 8.0% private investors. Major stakeholders include Norges Bank Investment Management (6.6%), Causeway Capital Management LLC (5.0%), DME Capital Management LP (4.5%), Capital Research & Management Co. (3.0%) and DWS Investment GmbH (2.9%). Geographically, 52.0% of investors are based in the U.S., 22.0% in Germany and 5.0% in France.
