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AlzChem Group AG wins Responsible Care 2021 competition in Bavaria thanks to new product for more climate protection in agriculture

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DGAP-News: AlzChem Group AG / Key word(s): Market Report
23.07.2021 / 09:34
The issuer is solely responsible for the content of this announcement.

AlzChem Group AG wins Responsible Care 2021 competition in Bavaria thanks to new product for more climate protection in agriculture

Trostberg, July 23, 2021 - AlzChem Group AG, a vertically integrated specialty chemicals supplier with a leading market position in selected niche markets, was named the winner of the Responsible Care 2021 competition in Bavaria for its innovative additive Eminex(R). Responsible Care is a contribution to the joint sustainability initiative Chemie3 of the three partners Verband der Chemischen Industrie e.V., IG Bergbau, Chemie, Energie and Bundesarbeitgeberverband Chemie e.V. By participating, each company simultaneously makes a contribution to the sustainability initiative Chemie3.

Andreas Niedermaier, CEO of AlzChem Group AG: "We are delighted to receive this special award. It impressively demonstrates the success of our intensive R&D activities and is proof of our sustainability strategy. By using Eminex(R), farmers can join us in making an essential contribution to the fight against climate change and to achieving climate targets."

Eminex(R) is an additive for manure and biogas digestates that reliably inhibits 90% to 100% of methane and CO2 emissions, enabling manure to be stored in an environmentally and climate-friendly way. It also improves the quality and fertilizing effect of the manure and reduces the required storage volume. The official jury statement was correspondingly positive: "An outstanding development that has climate protection firmly in focus. The process, which can be implemented quickly and efficiently, has very great potential for significantly reducing methane emissions in agriculture."

Eminex(R) will be available to farmers with an official product launch from mid-September 2021.

About AlzChem
AlzChem is a globally active specialty chemicals company that is predominantly among the market leaders in its fields of activity. AlzChem benefits in particular from the three very different global developments of climate change, population growth and longer life expectancy. In order to achieve the resulting social goals, AlzChem products can offer attractive solutions with a wide range of different applications.

The company sees interesting growth prospects for itself especially in the areas of human and animal nutrition and agriculture. As a result of population growth, it is necessary to achieve efficient food production. Pharmaceutical raw materials and our creatine products can contribute to healthy aging as life expectancy increases. AlzChem is facing up to the goal of sustainability arising from climate change in the field of renewable energies. The fields of fine chemicals and metallurgy offer just as great a perspective.

The broad product range of AlzChem Group AG includes dietary supplements, precursors for corona tests and pharmaceutical raw materials. These developments are our company's response to global trends and developments. AlzChem is ideally positioned in this regard and sees itself as well equipped for an environmentally oriented future and global developments.

The company employs around 1,630 people at four production sites in Germany and one plant in Sweden, as well as two sales companies in the USA and China. In 2020, AlzChem generated consolidated sales of around EUR 379 million and EBITDA of around EUR 53.8 million.



Contact:
Sabine Sieber
Head of Investor Relations & Communications


23.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

AlzChem Group AG

Dr.-Albert-Frank-Str. 32

83308 Trostberg

Germany

Phone:

+498621862888

Fax:

+49862186502888

E-mail:

ir@alzchem.com

Internet:

www.alzchem.com

ISIN:

DE000A2YNT30

WKN:

A2YNT3

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart

EQS News ID:

1221199


 

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