BASF invests in technology firms | Chemical & Engineering News
Volume 94 Issue 26 | p. 12 | Concentrates
Issue Date: June 27, 2016

BASF invests in technology firms

Department: Business
Keywords: investment, battery materials, mergers and acquisitions, aerogel

Looking to the U.S. for cutting-edge technology, BASF has acquired Seattle-based start-up EnerG2 for an undisclosed price. EnerG2 has developed a polymer-based process for producing ultrapure, nanostructured carbon for energy storage devices. The carbon materials are touted as improving the charge acceptance and life of lead-acid batteries and ultracapacitors. BASF and EnerG2 have been partners since 2014. Separately, the German firm will make “a low-double-digit million [dollar] investment” in Aspen Aerogels’ planned aerogels plant in Georgia and be a customer for the very-low-density material made there. Northborough, Mass.-based Aspen will supply insulation based on aerogels for BASF’s Slentex building wall system.

 
Chemical & Engineering News
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