SABIC ACQUIRES MAJORITY STAKE IN CARBON NANOTUBE BUSINESS FOR ENERGY STORAGE APPLICATIONS

Published Jan 16, 2019

SABIC announced today that it has taken a majority stake in Black Diamond Structures (“BDS”), a nanotechnology company established in 2014. BDS produces and commercializes MOLECULAR REBAR®, a proprietary technology of modified carbon nanotubes that offers great potential for enhancing the performance of energy storage applications using lead-acid and lithium-ion batteries.