COLOGNE, Germany – CheMondis, a new global online marketplace for chemical products, has successfully launched. The startup, founded by specialty chemicals company LANXESS, is a cross-manufacturer and cross-dealer B2B platform on which products can be bought and sold.

“Developing new business models is an important element of the LANXESS digitalization initiative. With CheMondis, we have launched a digital marketplace that specifically targets the needs of the chemicals industry,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

After undergoing an intensive development phase with selected customers, CheMondis currently offers around 500 products from various suppliers. “In the development of CheMondis, we have consistently focused on the needs and wishes of our customers. The result is a highly modern and reliable online marketplace where chemical products can be traded. After only a few weeks, more than 200 companies have already registered,” said Sebastian Brenner, Managing Director of CheMondis GmbH. “Here we are combining profound knowledge from the chemicals industry, a startup spirit and a high level of technological expertise.”

CheMondis is a wholly owned subsidiary of LANXESS. The new company has its own workforce, branding, IT systems and company headquarters in Cologne, Germany.

CheMondis originated from the company-wide digitalization initiative that LANXESS started in 2017. For this purpose, the group has established a standalone group function under the leadership of Chief Digital Officer Jörg Hellwig. The initiative’s core action areas are to develop digital business models, introduce new technologies throughout the value chain, develop and utilize big data, and foster digital expertise among employees.