On 6 January 2020, Cabot China Limited, a wholly owned subsidiary of Cabot Corporation agreed to buy Shenzhen Sanshun Nano New Materials Co., Ltd, a leading carbon nanotube (CNT) producer in China. The $115 million pricetag reportedly includes “liabilities and contingent payments”. According to the company, the move is designed to strengthen Cabot’s position in the high-growth batteries market, particularly in China, which is the largest and fastest growing electric vehicle market in the world.
On 2 March 2017 American Process Inc. (API) and Aditya Birla Group’s, Birla Carbon signed a joint development agreement to explore the technical and business potential of combining carbon black and nanocellulose to improve tyre performance.
Initial evaluations suggest synergies between the companies’ Birla Carbon and BioPlus nanocellulose products when it comes to lowering the rolling resistance of tyres. Over 70 per cent of the world’s carbon black is consumed by the tyre industry, with carbon black constituting 25 per cent of the tyre weight.
Iran’s Polymer and Petrochemical Institute incorporated “highly friction-resistant” nanotechnology into the development of vehicle and aircraft tyres. According to a Meridian Institute report, Iranian researcher Mohammad Karrabi said: “In this method, the frictional resistance of tyres has been increased through calculating the mechanical characteristics of them. Lower rolling resistance and higher frictional resistance will lead to less fuel consumption.” He also said that the use of nanotechnology will help Iran’s automobile manufacturers compete in the market. The project, which was launched with support from the Presidential Office last year, will be completed by next year.