On June 17, 2024, Denka Company Limited announced a strategic investment in CARBON FLY, Inc., a promising startup focused on developing high-purity multi-walled carbon nanotubes (MWCNTs). This investment marks Denka's second major project through its Corporate Venture Capital (CVC) fund, underscoring its commitment to advancing carbon nanotube technologies.
Denka's investment aims to leverage CARBON FLY's innovative approach to MWCNT production using acetylene as a raw material. By integrating CARBON FLY's nanotubes with Denka’s proprietary DENKA BLACK® technology, the partnership seeks to significantly enhance the performance of lithium-ion batteries. This collaboration is expected to yield batteries with higher energy density, improved charge-discharge cycles, and greater overall efficiency.
One of the most noteworthy aspects of this partnership is the focus on sustainability. CARBON FLY is not only developing MWCNTs from acetylene but is also exploring the production of carbon nanotubes from carbon dioxide. This innovative approach aligns with global efforts to reduce carbon emissions and develop sustainable supply chains for high-demand technologies like lithium-ion batteries.
This investment is part of Denka's broader Mission 2030 management plan, which includes a $100 million capital expenditure aimed at fostering new business collaborations and technological innovations. By investing in startups like CARBON FLY, Denka is positioning itself at the forefront of the carbon nanotube market, driving advancements that promise to benefit multiple industries, including energy storage, electronics, and materials science.
It is encouraging to see another startup successfully secure funding in the rapidly evolving carbon nanotube space. The significant investments being made in East Asia highlight the region's commitment to advancing nanotechnology. However, this surge in investment underscores the need for the EU and the US to intensify their efforts to remain competitive in this critical sector.
For more details, you can read the full article on MarketScreener.
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