Bayer MaterialScience ends its commitment in carbon nanotubes
Germany based Bayer MaterialScience has recently announced that it will bring its work on carbon nanotubes (CNTs) to a close. Precisely how the research results and know-how for the production and application of CNTs will be used further will be determined shortly according to the company.
“We remain convinced that carbon nanotubes have huge potential,” says Patrick Thomas, chief executive officer of Bayer MaterialScience. Sill the company states that it has been found that the potential areas of application that once seemed promising from a technical standpoint are currently either very fragmented or have few overlaps with the company's core products and their application spectrum.
“For Bayer MaterialScience, groundbreaking applications for the mass market relating to our own portfolio and therefore comprehensive commercialisation are not likely in the foreseeable future,” adds Thomas. “We are currently in contact with potential interested parties regarding the specific application of the know-how generated.”