CropEnergies acquires nearly 20% of LXP Group

In Germany, CropEnergies AG acquired secured just under 20 percent in LXP Group GmbH at the end of May 2022 for approx. EUR 2 million.

LXP Group GmbH has developed a patented, energy-efficient process that enables mild digestion of lignocellular biomass, in particular residual and waste materials such as cuttings, as well as wood residues such as sawdust or straw. Advanced biofuels and biobased chemicals can then be produced from the cellulose and hemicellulose contained. In addition, the LXP process produces a high-purity, natural lignin that can be used to manufacture numerous products such as 3D printer ink, carbon fibers or phenolic resins.