Malaysia's Felda Global in product development pact with UK firm

Reuters

KUALA LUMPUR, Oct 31 (Reuters) - Felda Global VenturesHoldings Bhd (FGV) has entered into an agreement witha spin-out company of the University of Cambridge to producecarbon-based nanomaterials with potential use in electronicdevices.

Felda Global Ventures Downstream Sdn Bhd, a wholly-ownedunit the world's third-largest palm plantation operator, andCambridge Nanosystems Ltd will develop high grade carbonnanotubes and graphene using palm oil by-products.

Cambridge Nanosystems develops technology to make carbonnanotubes (CNTs) -- sheets of carbon rolled into cylinders. CNTscould potentially replace silicon transistors in electronicdevices such as smartphones and laptops, making them lighter andmore efficient.

The company also sees potential demand for nanomaterialsfrom the automotive, aerospace and consumer product industries.

FGV will provide the raw material for the production ofnanomaterials, while Cambridge Nanosystems will contributeproprietary technology, Felda Global said on Thursday.

FGV has proposed to acquire 70 percent of CambridgeNanosystems for the purpose of the collaboration, although thecompany did not specify a value for the deal. The two signed anon-binding agreement lasting six months from Oct. 31. (Reporting by Al-Zaquan Amer Hamzah; Editing by Anand Basu)

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