Pittsburgh, PA (PRWEB) October 31, 2013
Germany-based specialty chemicals company LANXESS has extended a long-term agreement with NOVA Chemicals Corporation (NOVA) to supply crude C4 (cC4) as a raw material for LANXESS’ North American asset base. Financial details were not disclosed.
NOVA’s facilities in Joffre, Alberta, and Corunna, Ontario, will supply cC4 to LANXESS’ extraction unit in Sarnia, Ontario.
“We are strengthening our relationship with NOVA, an established industry player,” said Holger Hueppeler, LANXESS’ Head of Global Procurement and Logistics.
“This contract is adding to the security of supply we are providing to our customers out of our North American asset base,” said Joachim Grub, LANXESS’ Head of Business Unit Performance Butadiene Rubbers.
LANXESS is a leading specialty chemicals company with sales of EUR 9.1 billion in 2012 and roughly 17,500 employees in 31 countries. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good as well as the Carbon Disclosure Leadership Index (CDLI).
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This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.