BASF Enters Market for Advanced Carbon Materials With Acquisition of EnerG2
June 20 2016 - 8:00AM
BASF Venture Capital America Inc. today announced it has acquired
EnerG2, a manufacturer of advanced carbon materials for
next-generation energy storage devices. The two entities have had a
strategic partnership since 2014. The financial details of the
transaction are not being disclosed.
“Under BASF’s roof, EnerG2 will continue to develop innovative,
high-performance materials,” said Dr. Guido Voit, Managing Director
of BASF Venture Capital America Inc. “Combining the strengths of
both companies unlocks the full potential of EnerG2’s engineered
carbons and allows us to grow the business further.”
Engineered carbons enhance storage performance by allowing for
higher voltage and energy in supercapacitors and by significantly
increasing the durability of lead-acid batteries at a
partial-state-of-charge.
EnerG2’s patented carbon technology platform enables large-scale
production of carbon materials that surpass the limitations of the
carbons traditionally used in energy storage. It allows battery
producers to tailor the carbon properties to specific applications
in automotive and industrial applications.
“Our strategic partnership with BASF over the past years has led
to technological advancements and commercial success,” said Rick
Luebbe, co-founder and CEO of EnerG2. “As members of the BASF team,
we have the opportunity to expand our operations to support
customers on a global scale.”
EnerG2 has offices and laboratories in Seattle, Washington, and
a production site in Albany, Oregon.
About BASF BASF Corporation, headquartered in
Florham Park, New Jersey, is the North American affiliate of BASF
SE, Ludwigshafen, Germany. BASF has nearly 17,500 employees in
North America, and had sales of $17.4 billion in 2015. For more
information about BASF’s North American operations, visit
www.basf.us.
At BASF, we create chemistry for a sustainable future. We
combine economic success with environmental protection and social
responsibility. The approximately 112,000 employees in the BASF
Group work on contributing to the success of our customers in
nearly all sectors and almost every country in the world. Our
portfolio is organized into five segments: Chemicals, Performance
Products, Functional Materials & Solutions, Agricultural
Solutions and Oil & Gas. BASF generated sales of more than €70
billion in 2015. BASF shares are traded on the stock exchanges in
Frankfurt (BAS), London (BFA) and Zurich (AN). Further information
at www.basf.com.
About BASF Venture Capital America Inc. BASF
Venture Capital America Inc. is a subsidiary of BASF Corporation
and works closely with BASF Venture Capital GmbH and BASF New
Business GmbH in Germany. Both entities were established in 2011
with the aim of exploring new growth potentials based on investment
in startup companies. More information is available at
www.basf-vc.com and www.basf-new-business.com.
About EnerG2EnerG2 has developed a proprietary
Carbon Technology Platform that combines polymer- chemistry-based
precursor formulation and processing parameters that transform that
precursor into customized carbon materials. The combination of
these elements results in a flexible process that can produce
carbon materials for diverse energy storage applications. EnerG2
operates a manufacturing plant in Albany, Oregon. The facility is
both ISO-9001:2008 (Quality Management System) and ISO 14001:2004
(Environmental Management System) certified. Further information on
EnerG2 is available at www.EnerG2.com.
For more information contact:
Maureen Paukert
BASF Corporation
Tel: (973) 245-6077
E-mail: maureen.paukert@basf.com
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