FRX and LANXESS sign MOU for partnership on flame-retardant solution

FRX, a manufacturer of sustainable polymeric flame-retardant additives, and LANXESS, a flame retardant producer, have signed a memorandum of understanding (MOU) to develop strategic partnership on FRX’s NOFIA products – NOFIA Polyphosphonates, a polymeric sustainable flame-retardant solution.

The MOU focuses on the strategic partnership between FRX and LANXESS on FRX’s NORIA products.

The MOU covers:

1. the evaluation of a contract manufacturing, by LANXESS, of FRX patented NOFIA products;

2. the potential production, by LANXESS, of an FRX patented raw material that is necessary for the production of NOFIA flame retardants;

3. the exploration of potential marketing, by LANXESS, of NOFIA flame retardants in specific sectors and/or geographies.

 “As a direct consequence of recently passed legislation, market dynamics have changed significantly, causing NOFIA products to be pulled into large new application areas. We believe that a strategic partnership with LANXESS can be pivotal to capturing the considerable growth opportunities ahead for us both,” said Marc Lebel, CEO of FRX Innovations.

“Being a unique polymeric, sustainable flame-retardant solution, the NOFIA range fits perfectly with LANXESS’ existing phosphorus flame retardant portfolio and long-term strategy of sustainable flame-retardant solutions,” said Karsten Job, Managing Director of LANXESS’ Polymer Additives business unit. “We believe that FRX’s NOFIA technology will capture important market share in this market.”