DowPharma extends licence on asymmetric hydrogenation

• Publisher: Elsevier Science
• Year: 2003
• Weight: 38 KB
• Volume: 2003
• Category: Article
• ISSN: 1351-4180
• DOI: 10.1016/s1351-4180(03)00716-5

✦ Synopsis

BASF invests in Catalytic Solutions

BASF AG has invested in new technology which reduces the amount of precious metals needed in the manufacture of environmental catalysts. The new technology is available from Catalytic Solutions Inc which has already negotiated funding of $32.4 M for the Mixed Phase Catalyst (MPC) technology. Investors include: Rockport Capital Partners, BASF Venture Capital, Advent International, Enertech Capital Partners, JP Morgan Partners, Cinergy Ventures, Cycad Group LLC and NGEN Enabling Technologies Fund LP. Investors are confident that the technology will gain market share in the automotive emissions control sector of the catalysts market. Catalytic Solutions operates a 1 M units/y production plant at Oxnard, CA. The company is currently considering expansion, both within and outside the US.