| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Graphene Nanochem successfully raised $50 million, now trades in the UK’s AIM exchange
Friday, March 29, 2013 6:24
% of readers think this story is Fact. Add your two cents.
Graphene Nanochem (previously Biofutures International) successfully raised £32.5 million (almost $50 million) and acquired Malaysian specialty chemicals group Platinum Nanochem. The company now trades on the UK’s AIM stock exchange (ticker GRPH) with a market value of around £155 million ($235 million).
The new company holds an existing core specialty chemicals business in Malaysia, and also holds the exclusive license to a process known as Catalyx which uses a catalyst to extract graphene from biogases (such as methane). This process can potentially mean low-cost graphene production. They are also developing graphene-enhanced lubricants for used in the extraction of shale gas.
2013-03-29 06:16:41
Source:
