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People & Business :: Companies
BASF Invests $7.5 Million in Nanotech Firm
1:44 PM MDT | May 18, 2012
BASF says its BASF Venture Capital subsidiary has invested $7.5 million in technology company NanoH2O (El Segundo, CA). NanoH2O develops, produces, and sells reverse osmosis membranes for seawater desalination. The investment is part of a $40-million equity round co-led by BASF Venture Capital together with other investors, BASF says. NanoH2O will use the investment to expand its global business activities. BASF has also acquired Novolyte Technologies (Cleveland, OH), a manufacturer of electrolyte formulations for lithium-ion batteries and specialty...
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