CHASM Advanced Materials and Birla Carbon Sign Strategic Partnership
This strategic partnership will jointly develop nanomaterials based solution to enhance high-performance tires, conductive plastics, novel coatings, and next-generation batteries.
Birla Carbon, a leading global manufacturer and supplier of carbon black, and CHASM Advanced Materials Inc., a leading developer and manufacturer of proprietary advanced materials hybridized at the nanoscale, have elevated their joint development agreement into a strategic partnership to commercialize novel nanomaterials to benefit various market segments including high-performance tires, conductive plastics, novel coatings, and next-generation batteries.
Announcing Birla Carbon’s strategic investment in CHASM, Dr. Santrupt B. Misra, Chief Executive Officer, Birla Carbon, Director, Chemicals and Director, Group Human Resources, Aditya Birla Group, said, “We are proud to become a strategic technology partner to CHASM, building on our ongoing joint development agreement. Birla Carbon’s investment will drive the commercialization of NTeC™ nanomaterials, strengthening our ties with CHASM and securing the future of this game-changing technology.” He further added, “This partnership is an excellent example of how Birla Carbon ‘Shares the Strength,’ by strategically investing in the future of the industry.”
“Since formalizing our initial agreement with Birla Carbon under a year ago, both companies together have overcome technical hurdles to advance NTeC technology from lab-scale feasibility to a repeatable and scalable pilot-scale process capable of producing kilogram-scale quantities of a variety of NTeC compositions. We’re excited to continue building on our already strong partnership, driving NTeC’s next phase of commercialization and broad market adoption,” stated David Arthur, CHASM, Chief Executive Officer and Co-founder.
Birla Carbon and CHASM announced a joint development agreement in November 2019 to develop novel, hybrid nanomaterials that combine CHASM’s nanotube enhanced carbon (NTeC) technology with Birla Carbon’s expertise in commercialization and manufacturing. The success of this joint development has led to Birla Carbon making the strategic investment in CHASM. The collaboration is ultimately aimed at driving sustainable, innovative solutions to address customer, consumer, and industry needs.