OCSiAl receives the green light for Luxembourg graphene nanotube facility project to power the next generation of electric vehicles in Europe
OCSiAl receives the green light for Luxembourg graphene nanotube facility project to power the next generation of electric vehicles in Europe
OCSiAl plans to invest $300 million in the development of the cutting-edge facility, which was designed to minimize the usage of energy and resources as well as to protect the population and the biodiversity in the surrounding environment from any negative impact. Moreover, graphene nanotubes contribute to sustainable development by giving industries the ability to create next-generation products with previously unachievable properties and with less raw material required.
OCSiAl’s headquarters and one of the company’s three graphene nanotube development centers are already located in Luxembourg. The new facility will expand the company’s global footprint and is expected to increase its headcount by 300 across research and production. Over 1,500 industry players in more than 50 countries are developing technologies and products based on OCSiAl’s graphene nanotubes. In some products, graphene nanotubes have become a key component.
For instance, batteries with OCSiAl nanotubes are already in serial production by a number of leading Lithium-ion battery makers. Two of the five largest global tire manufacturers are at an advanced R&D stage with OCSiAl’s nanotubes, and seven of the ten largest global coatings producers are conducting advanced industrial trials. According to third-party analysis, the total addressable market for OCSiAl’s graphene nanotube products and technology is expected to surpass $400 billion by 2035.
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