Lockheed Martin and SABIC form JV to develop carbon nanomaterials
Mary Page Bailey
Saudi Basic Industries Corp. (SABIC; Riyadh, Saudi Arabia; www.sabic.com) and Lockheed Martin (Bethesda, Md.; www.lockheedmartin.com) have announced the launching of a partnership to explore the establishment of a new joint venture (JV) company in Saudi Arabia to develop carbon nanostructure materials for a variety of end markets and applications. Under a newly signed memorandum of understanding (MOU), SABIC and Lockheed Martin will coordinate on the development, industrial validation, testing, scale-up, production and sale of carbon nanostructure materials and carbon nanostructure infused products. A carbon nanostructure is a cross-linked and highly entangled arrangement of carbon nanotubes on a base material. Carbon nanostructures can be grown at scale on various substrates and formed into materials with superior structural and conductive properties.