OCSiAl, an international nanotechnology company, is set to invest $30 million in a new plant in Israel.
To be located somewhere in the south of Israel, the new plant will employ more than 30 people – mostly chemical engineers – and will produce up to 50 tons of Single Wall Carbon Nanotubes (SWCNTs) annually.
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OCSiAI has operations in the US, UK, Germany, Russia, South Korea and headquarters in Luxembourg. Along with Tuball, the raw ‘as produced’ SWCNT material, OCSiAl also offers specially purified (up to 99% of SWCNT) and modified nanotubes and master batches. Having already stockpiled a large reserve of carbon nanotubes, OCSiAl has many international partners for joint product development and has signed, or is about to sign, such agreements with some well-established design and technology firms.
OCSiAI VP Konstantin Notman said, “Israel is one of the world’s leading knowledge and innovation centers in nanotechnology and this is why we are interested in setting up a plant here. We intend to deepen the contact with the Israeli market in all aspects setting up our largest production facility here, enlarging our customer base, establishing contacts with Israeli dealers and conducting cooperation with industrial companies and academic bodies.”
