Lanxess red carpet for the G20 Summit

At the Cannes G20 Summit on 3-4 November, the heads of state are stepping out on a rich "red carpet" of asphalt, coloured by iron oxide pigments from Lanxess, according to a company press release today.

The city of Cannes has renewed 9,400 square meters of walkways and squares around the Palais des Festivals congress centre for the event. The old asphalt is being removed and recycled.

One industry observer commented that it was good to see a chemical company making money from the collapsing global financial system.