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

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

Total picks new management following CEO's death in crash

October 23, 2014 11:03 am ET

Total SA has picked a new management team to oversee the company in the wake of a plane crash in Moscow that killed its chairman and CEO earlier this ...    More

Image

Report: Private equity companies may seek to buy Bayer MaterialScience

October 23, 2014 10:56 am ET

A number of investment groups are reported to be interested buying Bayer AG's MaterialScience operation, valued at around 10 billion euros ($12.6...    More

Image

Plastics lead Dow's quarterly growth

October 23, 2014 10:15 am ET

Dow Chemical Co. has announced its third quarter results for 2014 showing a 5 percent increase on the third quarter of 2013, rising to $14.4 billion...    More

Image

A. Schulman reports growth in sales and profit

October 22, 2014 7:58 pm ET

Executives with materials maker A. Schulman Inc. have to be smiling after seeing full results for the firm's 2014 fiscal year.    More

Market Reports

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 million dollar 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

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

Upcoming Plastics News Events

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

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

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

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

More Events