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carbon nanotube (CNT)

LG Chem extends Carbon Nanotubes (CNT) plant by 1,200 tons to meet growing demand from EV market

Wed, 05/06/2020 - 12:11 -- Paul Crompton

Korean battery materials firm LG Chem has announced it will invest around KRW 65 billion ($53 million) to expand carbon nanotube (CNT) manufacturing by 1,200 tons at its Yeosu plant.

The company is aiming to expand production by Q1 of next year as it targets the industry sector, which is expected to more than triple to reach 13,000 tons by 2024 mainly via the global EV market.

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Cabot to tighten grip on battery materials market with buy out of carbon nanotube maker SUSN

Fri, 01/10/2020 - 12:05 -- Paul Crompton

Battery materials firm Cabot Corporation entered into an agreement to buy carbon nanotube (CNT) producer Shenzhen Sanshun Nano New Materials (SUSN) on 6 January

The Massachusetts, US, firm aims to buy SUSN through its wholly owned subsidiary Cabot China for around $115 million in enterprise value, which includes liabilities and contingent payments. 

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