Agreement for an innovative production process

LANXESS and BASF have signed an agreement on BASF’s purchase of the polyisobutene business consisting mainly of intellectual property for a new, innovative technology to produce high molecular weight polyisobutene (HM PIB). LANXESS will exclusively manufacture the new HM PIB for BASF in existing assets under a long term toll manufacturing agreement. BASF will market the products under the product name Oppanol N.

With this transaction, LANXESS can benefit from our partner’s global distribution network for this product while manufacturing remains with us”, said Matthias Gotta from LANXESS TSR business unit.

“The acquired technology provides an excellent opportunity for BASF to jointly grow together with our customers. The transaction will result in enhanced security of HM PIB supply, and it provides the basis for a long term oriented sustainable growth with high quality products for a broad range of applications,“ said Martin Widmann, Senior Vice President of BASF’s global business unit Fuel and Lubricant Solutions business unit. BASF offers the broadest range of polyisobutenes worldwide with different molecular weights. Polyisobutenes play an important role in a wide variety of applications within miscellaneous industry segments.

The parties have agreed not to disclose financial details of the agreement.