Mitsubishi, Denka Collaborate for Fullerene Business

Joint Venture Agreement Mitsubishi, Denka Collaborate for Fullerene Business

2024-05-02 Source: Press release Mitsubishi 1 min Reading Time

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Under a joint venture agreement between Denka and Mitsubishi Corporation, Denka will acquire from Mitsubishi a 50 % stake in Frontier Carbon Corporation, a company dedicated to the manufacturing and sales of fullerenes.

Mitsubishi Corporation and Denka Company have signed a joint-venture agreement in the business of fullerenes.(Source: Pixabay) — Mitsubishi Corporation and Denka Company have signed a joint-venture agreement in the business of fullerenes.
(Source: Pixabay)

Tokyo/Japan – Mitsubishi Corporation (MC) and Denka Company (Denka) have signed a joint-venture agreement in the business of fullerenes, carbon molecules that form the base of cutting-edge materials in the field of nanotechnology. Under the terms of our agreement, Denka shall acquire from MC a 50 % stake in Frontier Carbon Corporation (FCC), a company dedicated to the manufacturing and sales of fullerenes.

Fullerenes are nanoscale allotropes of carbon, whose single or double-bonded atoms are joined together in hexagonal rings in spherical form, similar in appearance to a soccer ball. They have excellent conductive and thermal properties and can be dissolved in common organic solvents at room temperature, which makes them effective conductors in organic, thin-film solar cells. Research is also underway into their application as an electron transporting layer in perovskite solar cells, which are garnering attention as next-generation photovoltaic technology. Use as smartphone sensors and other new possibilities are indicative of strong growth potential in the field of fullerenes.

Denka has strengths that will prove invaluable in supporting FCC's future growth, including the carbon-nano-material expertise and manufacturing technologies that the former has built up through its mass production of acetylene black, a highly conductive carbon material used in high-voltage cables and lithium-ion batteries. Denka will play an equally important role in supporting the construction of business infrastructure by taking advantage of its manufacturing-facility and other utilities. These assets promise to enhance the company's presence in the carbon nanomaterials market and further its business expansion plans in this field.

Recognizing that the industrial potential of fullerenes spans their use in electronics, biopharmaceuticals, and many other industries, Denka also has plans to incorporate them into its operations in ICT & Energy, Healthcare, and Sustainable Living, the three focal fields of its latest management plan, "Mission 2030".

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