Bayer selling carbon nanotube intellectual property to FutureCarbon

EUROPEAN PLASTICS NEWS

Published: April 1, 2014 9:36 am ET
Updated: April 1, 2014 9:40 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers
Companies & Associations Bayer MaterialScience LLC

Bayer MaterialScience LLC will sell its fundamental intellectual property on carbon nanotubes and graphenes to Germany’s FutureCarbon GmbH.

Bayer announced its decision to sell the patents in May 2013, attracting potential buyers.

“For BayerMaterialScience, ground-breaking applications for the mass market relating to our own portfolio and therefore comprehensive commercialization are not likely in the foreseeable future,” said CEO Patrick Thomas.

Much of the knowledge from BMS’ research on nanotubes was made available to other companies and research institutions within the Innovation Alliance for Carbon Nanotubes (Inno.CNT) which has about 90 members.

FutureCarbon, based in Bayreuth, a provider of carbon-based composites, has acquired the bulk of the patents from the past ten years for an undisclosed amount.

"We are pleased that FutureCarbon, one of the partners from the Inno.CNT development network, will be carrying on our company’s work," said Thomas. "We remain confident that the technology harbors tremendous potential, particularly for a renowned specialist company like FutureCarbon."

“We enjoy a long-standing development partnership with Bayer,” said Walter Schütz, managing director of FutureCarbon. “We are happy that we were able to acquire the Bayer patents for further market realization of the technology. They expand our applications base substantially and open up new possibilities and business segments for us.”


Comments

Bayer selling carbon nanotube intellectual property to FutureCarbon

EUROPEAN PLASTICS NEWS

Published: April 1, 2014 9:36 am ET
Updated: April 1, 2014 9:40 am ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Foster building medical polymers plant

September 19, 2014 1:39 pm ET

Foster Delivery Science is investing $8 million in a new plant in Putnam, Conn., for production of medical polymer blends, as well as rods, film or...    More

Image

BP to restart damaged PTA unit in limited capacity by November

September 19, 2014 10:27 am ET

British Petroleum plc may restart its fire-damaged purified terephthalic acid (PTA) feedstock unit in South Carolina in late October or early November...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events