Cambridge Nanomaterials enters into agreement with Felda Global for the development of carbon nanotubes.
Cambridge Nanomaterials, a spin-out from the UK university, has entered into a production development agreement with Felda Global for the development of carbon nanotubes and graphene.
The high grade products will be made using palm oil by-products produced from Felda’s palm plantations, with the Malaysia-based firm being the third-largest operator of palm plantations in the world.
The Cambridge firm will in turn use the by-products as the raw material for the carbon nanotubes which can be used in smartphones and laptops in place of silicon transistors, making them lighter and more efficient. The nanotubes also have the potential to be used in other sectors, such as defence, aerospace, and automotive.
Felda has also proposed acquiring 70% of Nanosystems, although the company is yet to specify a figure for the deal.
