Evonik invests in oil additives firm | Chemical & Engineering News
Volume 95 Issue 4 | pp. 11-12 | Concentrates
Issue Date: January 23, 2017

Evonik invests in oil additives firm

Department: Business
Keywords: start-ups, lubricant additives, fullerene-like tungsten disulfide
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NIS’s labs in Avenel, N.J.
Credit: Evonik
A photo of NIS’s labs in Avenel, N.J.
 
NIS’s labs in Avenel, N.J.
Credit: Evonik

Evonik Industries’ venture capital arm has invested an undisclosed sum in Nanotech Industrial Solutions, an Avenel, N.J.-based maker of additives for engine oils, metalworking fluids, and greases. Founded in 2012, NIS has developed nano-sized, fullerene-like tungsten disulfide particles that provide friction-reducing properties to lubricants. Evonik already supplies a line of polymeric additives to the lubricants industry.

 
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