Birla Carbon invests in US nano-materials firm Chasm

Birla Carbon invests in US nano-materials firm Chasm

Indian carbon black supplier Birla Carbon says it has progressed from a joint development agreement to a strategic investment in US Chasm Advanced Materials Inc., a manufacturer of nanoscale materials, to commercialise nanomaterials to benefit various market segments including high-performance tyres, conductive plastics, novel coatings, and next-generation batteries.

Announcing Birla Carbon’s strategic investment in Chasm, Dr. Santrupt B. Misra, CEO, Birla Carbon, 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 commercialisation of NTeC nanomaterials, strengthening our ties with Chasm and securing the future of this game-changing technology.”

“Since formalising 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 commercialisation and broad market adoption.” stated David Arthur, Chasm, CEO/Co-founder.

Birla Carbon and Chas, 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 commercialisation 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.

Birla Carbon is one of the flagship businesses of the leading Indian multinational conglomerate Aditya Birla Group. The company’s footprint extends across 12 countries with 16 manufacturing facilities and two technology centres in Marietta (USA) and Taloja (India).

Chasm Advanced Materials’s materials such as AgeNT have been used for transparent flexible printed electronics, NTeC for battery, coating, or performance additives, and Signis for touch buttons and sensors.