by winston » Mon Jul 07, 2014 7:30 pm
not vested
FGV's UK graphene venture to start operation by year-end
JEMPOL: Felda Global Ventures Holdings Bhd’s (FGV) graphene plant in Cambridge, the United Kingdom, will be ready in October and production is expected to begin at the end of this year or early 2015, said chairman Tan Sri Mohd Isa Abdul Samad.
“We have set up a company for this (venture), in which FGV owns a 70% stake. We are collaborating with the Cambridge University.
“We have also signed memorandums of understanding with several companies for the sale of this material, involving an investment of £20mil,” he told reporters when met after a breaking of fast at the Tuanku Muhriz Mosque in Bandar Seri Jempol.
The function, organised by Yayasan Felda and the Jempol parliamentary office, was graced by the Yang Dipertuan Besar Tuanku Muhriz Tuanku Munawir and Tunku Ampuan Besar Tuanku Aishah Rohani Tengku Besar Mahmud.
Isa was responding to Minister in the Prime Minister’s Department Datuk Seri Idris Jala’s statement that the National Graphene Action Plan 2020 aimed to generate a potential revenue of RM9bil and create 9,000 jobs by 2020.
Isa, who is also Jempol MP, said Felda was venturing into graphene production due to good returns and the material’s high prices.
In October last year, Felda signed a deal with Cambridge Nanosystems Ltd (CNS) under which it provides the raw material (by-products from crude palm oil) while CNS provides the proprietary technology to produce carbon nanotubes and graphene.
The material, a single-atom thick layer of graphite first isolated in 2004, is described as the strongest, thinnest and most stretchable crystal as well as the best electrical conductor known to man, and holds great promise for replacing conventional semiconductor materials such as silicon.
In Malaysia, graphene nanomaterials could benefit the electronics and electrical, oil, gas and energy, as well as palm oil and rubber industries.
Source: Bernama
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