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

Commerce Department agrees to investigate PET dumping complaint

April 1, 2015 1:42 pm ET

UPDATED — A flood of alleged low-priced PET resin imports has led three U.S. PET makers to seek anti-dumping duties.    More

Image

Fire at Texas plant could impact polypropylene market

April 1, 2015 11:21 am ET

UPDATED — No injuries were reported in a March 30 fire at an ExxonMobil Chemical propylene unit in Beaumont, Texas — but the incident...    More

Image

Solegear raising funds as it debuts on TSX Venture stock exchange

April 1, 2015 11:08 am ET

A fledgling bioplastics company has raised capital for growth and obtained a listing on the TSX Venture stock exchange.    More

Image

Lanxess merges PU additives into Rhein Chemie division

April 1, 2015 9:17 am ET

German resin company Lanxess AG has combined the activities of the former Rhein Chemie and its Lanxess functional additives business into a new Rhein ...    More

Image

North American Pipe unit lab to focus on 'modern, innovative' formulations

March 31, 2015 3:25 pm ET

North American Specialty Products LLC — a unit of North American Pipe Corp. — has opened a new material science lab in Leola, Pa.    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events