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COINTURK FINANCE > Business > BeDimensional Secures €20M from EIB to Expand Production
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BeDimensional Secures €20M from EIB to Expand Production

Overview

  • BeDimensional secures €20M from EIB for production expansion.

  • Company plans to increase output to over 30 tonnes annually.

  • FLG and FLhBN are used in diverse industrial applications.

COINTURK FINANCE
COINTURK FINANCE 1 year ago
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In the rapidly evolving landscape of advanced materials, BeDimensional, based in Genova, Italy, has emerged as a key player. The company recently announced a €20 million venture debt financing from the European Investment Bank (EIB), earmarked to enhance its production capabilities. With the world’s first plant dedicated to Few-Layer Graphene (FLG) and Few-Layer Hexagonal Boron Nitride (FLhBN) already in operation, BeDimensional aims to significantly increase its output of these critical materials. This strategic expansion is poised to bolster Europe’s position in the global 2D materials market.

Contents
What are BeDimensional’s Production Plans?FLG and FLhBN: The Industrial Impact?

BeDimensional’s journey from a spin-off of the Istituto Italiano di Tecnologia’s Graphene Labs to its current stature reflects a growing recognition of the potential held by two-dimensional crystals. The company has consistently highlighted FLG and FLhBN’s role in driving the green transition and enhancing industrial processes. In earlier reports, BeDimensional focused on research and development, whereas the current emphasis is on scaling production and market penetration. This shift indicates a maturation of the company’s strategy in harnessing these materials for broad industrial applications.

What are BeDimensional’s Production Plans?

The secured funds will enable BeDimensional to enhance its production volume more than tenfold, targeting over 30 tonnes annually by 2028. The company’s strategy includes constructing a second plant in Italy by 2027, significantly boosting its capacity. This expansion not only addresses increasing market demands but also supports the company’s mission to integrate 2D materials into various sectors efficiently and sustainably.

FLG and FLhBN: The Industrial Impact?

BeDimensional focuses on leveraging FLG and FLhBN to replace traditional raw materials, streamline manufacturing processes, and create advanced materials. By transitioning these materials from laboratory-scale production to industrial applications, the company aims to foster job creation and enhance Europe’s industrial competitiveness. BeDimensional’s partnerships with institutions and companies highlight its commitment to quality and innovation, ensuring products meet high market standards.

The company’s technology has found applications in diverse sectors, ranging from energy and automotive to textiles and construction. Notably, BeDimensional collaborates with firms like VARTA and Eni to develop products such as G-Leaf and B-Leaf. These products illustrate the versatility of FLG and FLhBN, offering solutions for energy storage, lubrication, and material enhancement. This multifaceted approach underscores the materials’ potential to revolutionize traditional industries through sustainable practices.

BeDimensional’s partnerships extend beyond products, encompassing research and innovation networks within the EU. The involvement in the Graphene Flagship project exemplifies its dedication to advancing 2D materials research. Through such collaborations, BeDimensional harnesses technical expertise and institutional support to refine its production processes, ensuring high-quality materials that meet stringent industry requirements.

The EIB’s investment reflects confidence in BeDimensional’s capability to scale operations and contribute to Europe’s technological and industrial leadership. The bank’s support aligns with its mission to promote sustainable development and innovation within the EU. As BeDimensional looks to expand its market presence, the backing from EIB is pivotal in securing European competitiveness in the 2D materials domain.

The advancements in two-dimensional materials production by BeDimensional signify a significant step towards reducing dependence on traditional raw materials. The company’s strategic focus on quality and sustainability highlights its role in meeting future industrial needs. As BeDimensional continues to innovate and scale its operations, it remains a key contributor to the green transition and the global 2D materials market.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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