Specialty chemicals company LANXESS has developed new high-quality iron oxides for use in lithium iron phosphate (LFP) batteries and received the prestigious ICIS Innovation Award 2024. The award in the category “Best Product Innovation from a Large Company” recognizes LANXESS’ outstanding contribution to the development of value chains for LFP in the Western regions.

LFP batteries are a safe and cost-effective type of battery with high cycle and thermal stability. They are mainly used for electric cars and stationary energy storage systems. LANXESS offers high-quality iron oxide battery grades under the brand name Bayoxide, which serve as customized raw materials for the synthesis of the cathode material LFP. These products are specifically tailored to the requirements of LFP manufacturers and enable high battery quality, performance and efficiency.

“This award confirms our innovative strength in the field of sustainable battery technology. With our Bayoxide battery grades, we are making a significant contribution to the electrification of mobility and the energy transition,” says Michael Ertl, Head of the LANXESS Inorganic Pigments business unit. “Our goal is to offer our customers in Europe and North America a competitive and environmentally friendly alternative to the dominant Asian supply chains for LFP.”