CHASM Advanced Materials, Inc. (CHASM) has signed a license agreement with Ingevity Corporation (Ingevity) for CHASM’s patented carbon nanotube (CNT) production technology. The agreement grants Ingevity the rights to manufacture CHASM’s NTeC®-E CNT conductive additives for battery applications in North America and select European countries.
This new license strengthens the partnership between the two companies following the joint development agreement signed in February 2024.
“This agreement is a major step toward building a reliable, regionally sourced CNT supply for the rapidly growing EV battery industry,” said David Arthur, CEO and Co-founder of CHASM. “Together with Ingevity, we’re enabling battery cell producers to achieve performance and sustainability goals without relying on overseas supply.”
“This milestone marks a significant step in our partnership with CHASM, validating both the strength of their technology and Ingevity’s core competencies,” said David Li, President and CEO of Ingevity. “Building on our over 40 years of expertise in delivering activated carbon-based solutions for the automotive industry, we’re accelerating our EV battery materials strategy and investing in scalable CNT manufacturing to build a stronger, more resilient supply chain across North America and Europe.”