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BASF Fuel Cell Invests in U.S. Plant

8:37 AM MST | February 2, 2009 | Natasha Alperowicz

BASF says its BASF Fuel Cell (BFC) unit will spend up to €10 million ($12.8 million) to build a plant at Somerset, NJ to produce high temperature membrane electrode units (MEAs). BFC will in the process be raising its global workforce by one-third to 100. BFC, originally founded in 2007, was a part of BASF's research-focused growth clusters but has as of January this year, when the MEAs were ready for market launch, transferred to BASF's inorganics division. BASF says its research expenditure will this year be the same as in the previous three...

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