At a glance
- LANXESS will evaluate contract manufacturing of FRX's NOFIA\u00ae products.
- LANXESS may produce a raw material for NOFIA\u00ae flame retardants.
- LANXESS will explore marketing NOFIA\u00ae in specific sectors or geographies.
- The partnership aims to leverage new market opportunities driven by recent legislation.
Partnership Overview
LANXESS, a German specialty chemicals company, and FRX Innovations, a developer of sustainable polymeric flame-retardant additives, have signed a memorandum of understanding to explore a strategic partnership.
Contract Manufacturing
The agreement includes the evaluation of LANXESS potentially contract manufacturing a family of FRX's patented NOFIA® products.
Raw Material Production
LANXESS may also produce a patented raw material necessary for the production of NOFIA® flame retardants.
Marketing Exploration
The partnership will explore the potential for LANXESS to market NOFIA® flame retardants in specific sectors and geographies.
Market Dynamics
Recent legislation has significantly changed market dynamics, creating new application areas for NOFIA® products. This partnership aims to capture these growth opportunities.
