Euro 22 million to be invested in Carbon Nanotube Plant
4 February 2009Bayer Material Science has an ambitious plan to invest Euro 22 million in planning, development and construction of the World’s largest carbon nanotube plant in Germany. The plant will be located at chempark Leverkusen and will have an annual capacity of 200 tons and the plant will create 20 new jobs.
Bayer Material Science is among the few companies who can produce carbon nanotubes and it’s pilot plant at Laufenburg having an annual capacity of 60 tons is already manufacturing carbon nanotubes since the year 2007. Bayer has already launched carbon nanotubes in the market with brand name Baytubes and these are used for making light weight strong materials that can ultimately be used in various applications including safety and construction, environment, energy etc.
The carbon nanotube market is growing at a steady pace and at present it’s annual growth is around 25 percent annually. By the next decade the annual sale of carbon nanotubes might cross US dollar 2 billion and keeping in mind the future demand, Bayer Material Science seems to have taken a right decision at right time.
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