Sabic acquires majority stake in US firm BDS

Sabic acquires majority stake in US firm BDS

7:29 AM, 17th January 2019
Sabic logo

LONDON, UK: Sabic has acquired a majority stake in US producer of energy storage applications with carbon nanotube technology Black Diamond Structures (BDS).

BDS produces a proprietary technology of modified carbon nanotubes, commercialised as Molecular Rebar, which enhances performance of energy storage applications using lead-acid and lithium-ion batteries.

According to Sabic’s VP of specialties Alan Leung, the carbon nanotube technology of BDS will allow the specialties business to “address several demanding challenges" in the energy storage market.

He added that the technology could also lead to "unleash innovations in material science" to enhance the properties of specialty resins and functional compounds.

Sabic had previously mooted forming a joint venture with BDS as recently.

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