Sumitomo Corporation and Carbon Nanotechnologies are focusing on Asia

Sumitomo Corporation and Carbon Nanotechnologies are focusing on Asia

Sumitomo Corporation and Carbon Nanotechnologies (CNI) have finalised strategic alliance agreements to develop the carbon nanotechnology business in Asia. Sumitomo Corporation has made an immediate financial investment in CNI and has signed an exclusive marketing and distribution agreement in Japan and South Korea for CNI’s buckytubes.

Potential applications for the buckytubes include conductive and reinforced composites, fuel cells and flat panel displays.

CNI has built pilot plants in the US that produce 9kg of buckytubes daily. Later this year the company will complete a demonstration plant with a daily capacity of 45kg. CNI said it expected to provide commercial production of approximately 450kg daily “as early as 2005”.