LEVERKUSEN, Germany – Bayer MaterialScience has begun work on the construction of a new facility for the production of carbon nanotubes (CNTs) in Chempark, Leverkusen, Germany. The new plant will have a capacity of 200 tons per year, making it the largest of its kind in the world. The company is to invest around EUR 22 million in the planning, development and construction of the plant.
Current forecasts predict that the global market for carbon nanotubes will grow by 25 percent a year. In 10 years, annual sales of these products are expected to reach $2 billion.