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February 2nd, 2010
Bayer has opened a new Euro 22 million research facility that will be responsible for manufacturing new carbon nanotubes, according to a news report published on the Bayer News Channel.
Specifically, Bayer MaterialScience (BMS) will develop "Baytubes," a new multi-wall carbon nanotube technology.
"Current forecasts predict an annual growth rate of 25 percent for carbon nanotubes" said Dr. Joachim Wolff, BMS Executive Committee member, said in a statement. "We are also expecting nanotechnology to create a total of 100,000 new jobs in the German industry in the medium term."
Nanocyl, a Belgian biotech company specializing in nanotubes, is installing a reactor that will be used in nanotube production -- overall product capacity would be up to 400 tons per year.
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