18 December 2009 12:10 [Source: ICIS news]
LONDON (ICIS news)--BASF and the Karlsruhe Institute of Technology (KIT) have founded a joint laboratory for the development of integrated processes to produce nanostructured functional materials, the German chemicals giant said on Friday.
The lab, to be known as IP3 (innovative products, intelligent particles, integrated processes), will be run equally by the two partners, the company added in a statement.
Funds totalling around €8m ($12m) are to be provided by BASF, KIT and the Federal State of Baden-Wurttemberg, it said.
“In its introductory phase, the IP3 team will comprise 20 research scientists including eleven PhD students; initially five institutes of KIT are incorporating their know-how and infrastructure in the cooperative venture,” it added.
BASF's head of competence centre research and technology chemicals Rainer Diercks said: “If we want to pursue new directions in developing integrated processes leading from the feedstock to the finished material, we need a high level of competence in the field of particle technology and close meshed cooperation within a team of interdisciplinary research scientists – requirements that are met outstandingly well by JointLab.”
($1 = €0.70)
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