56Chevy
7日前
Marker:
WLK
$114.23 1.00 (0.88%)
Volume: 133,989
Universal Matter Inc. Secures International Investment
NEWS RELEASE
December 16, 2024
Universal Matter has successfully concluded an equity financing round of up to USD $20M led by NewTech Investment Holdings, LLC and joined by Westlake Innovations, Inc., a subsidiary of Westlake Corporation (NYSE: WLK), and others, opening up new global collaboration opportunities.
Universal Matter utilizes its proprietary Flash Joule Heating process technology to upcycle carbon into fully formulated graphene-based products to enhance the performance and sustainability of major industrial materials. The company has developed complementary product technologies with its family of Genable® graphene-based dispersions that are tailor-made for ease-of-use by fabricators in major global markets, such as cement/concrete, bitumen asphalt, industrial coatings, automotive tires, and others.
The Investment will be instrumental for enabling Universal Matter to expand its graphene-based dispersions capacity which will be deployed for servicing both existing and new customers in its target markets.
[....]
Westlake Innovations Senior Vice President and Managing Director, John Chao, said:
Graphene is a material with a number of potential performance and sustainability benefits that could apply across a number of Westlake’s Performance & Essential Materials and Housing & Infrastructure Products business lines. We look forward to working with Universal Matter and its management team as it moves forward on development and commercialization of its flexible technology.
[....]
Source:
https://www.universalmatter.com/news/universal-matter-inc-secures-international-investment/
**The interest here is in WLK' s connection to Universal Matter.
Penny Roger$
13年前
Westlake Chemical Corporation is a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated polyvinyl chloride (PVC) building products. Its products include some of used chemicals in the world, which are used in many diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction, as well as other durable and non-durable goods. The Company operates in two principal business segments: Olefins and Vinyls. The Olefins segment manufactures ethylene, polyethylene, styrene and associated co-products. The Vinyls segment manufactures PVC, vinyl chloride monomer (VCM), ethylene dichloride (EDC), chlorine, caustic soda and ethylene. As of February 17, 2011, the Company had 11.8 billion pounds per year of aggregate production capacity at 14 manufacturing sites in North America.
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