EnviroTech :: Innovation
BASF Ups Stake in Nanotech Start-Up
5:28 AM MDT | August 7, 2007 | Chemical Week Editorial Staff
BASF Venture Capital, a BASF subsidiary, says SDCmaterials (Tempe, AZ), a nanomaterials start-up in which it holds a stake, will build a small-scale nanomaterials production unit at BASF’s Schwarzheide, Germany facility. It will include pilot plants, laboratories, and offices, and is due to open September 2008. SDC will invest about €3 million ($41 million) in the project. BASF says it has also made a $2-million investment in SDC, which follows a $600,000 investment made last year. “This investment fits in well with our own focus on...
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