Bayer MaterialScience have announced that the company will bring its work on carbon nanotubes to a close and instead focus its development activities on topics that are linked more to its core business.
Researchers from Bayer MaterialScience had collaborated with external partners in recent years to resolve complex issues related to the safe production of specific carbon nanotubes. Methods for scaling up the production processes were developed, as were new generations of catalysts and new types of products.
Much of the knowledge gained over recent years has been made available to other companies and research institutions within the Innovation Alliance Carbon Nanotubes (Inno.CNT), which counts Bayer MaterialScience among its roughly 90 members.
Patrick Thomas, Chief Executive Officer of Bayer MaterialScience said;
We remain convinced that carbon nanotubes have huge potential, It has been found however, 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
The conclusion of the nano projects has no impact on the headcount, all 30 people employed in this sector will be transferred to other suitable positions within the Group.