SDCmaterials plans production at BASF's Schwarzheide site
27 Jun '07
3 min read
“This investment fits in well with our own focus on nanotechnology one of BASF's five research growth clusters,” said Dirk Nachtigal, managing director of BASF Venture Capital. “We wish to further strengthen our position in the field and use nanotechnology wherever it offers advantages over conventional products and processes.”
BASF has an ongoing program at its Schwarzheide chemical site in Germany through which small, independent companies are able to lease commercial space and use established manufacturing infrastructure.
SDCmaterials will take advantage of this program and plans to start small-scale production of nano materials in September 2008. The American start-up will invest roughly €3 million in establishing pilot plant stations, laboratories and offices in the northern part of the site.
“Our site in Schwarzheide provides SDCmaterials with an excellent base to capture the European markets,“ said Dr. Volker Knabe, Managing Director of BASF Schwarzheide GmbH. “SDCmaterials' location decision also backs up BASF's claim to offer more than just capital to start-up companies.”
BASF Venture Capital GmbH was established in 2001 as a wholly owned subsidiary of BASF Future Business GmbH, Ludwigshafen, Germany and participates in start-up companies and funds.
In doing so, it focuses on companies with innovative business models and technologies in which chemistry is an important key to success.
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