Sabic and Lockheed Martin to partner for carbon nanostructure materials

Sabic and Lockheed Martin have signed a memorandum of understanding (MOU) to form a new joint venture company in Saudi Arabia to develop carbon nanostructure materials for a variety of end markets and applications. As per the 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.
 
Ernesto Occhiello, Sabic Executive Vice President, Technology & Innovation, said the memorandum was part of an initiative to develop new specialty-based business opportunities for Sabic and develop higher value-added businesses in Saudi Arabia. “We are happy that Lockheed Martin has shown their intention to share their newly developed technology with Sabic. An innovative partner like Lockheed Martin is indeed valuable to us, and we hope the initiative will be the beginning of a longer term relationship with the company,” added Occhiello.
 
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.
 
“We believe the combination of Lockheed Martin’s advanced nanotechnologies with Sabic’s premier capabilities will lead to exciting opportunities for innovative, new materials. As we partner with Sabic, Lockheed Martin is proud to expand our nearly 50 year relationship supporting the Kingdom’s people, industry, government and academia,” said Dale Bennett, Executive Vice President of Lockheed Martin Mission Systems and Training.