QuantumSphere, a leader in nanoscale catalyst technologies, has announced that it has entered into a multi-year joint development agreement with Casale, a global leader in production technologies for ammonia, urea, melamine, methanol, syngas, nitrates and phosphates.
Casale and QuantumSphere (QSI) have agreed to collaborate on commercial technologies for ammonia, methanol, and other industrial chemicals, which collectively account for several hundred billion USD of production annually. Casale also agreed to utilize QSI as its exclusive provider of nanocatalysts for its chemical synthesis processes during the term of the agreement.
The first objective of the Joint Development Agreement is to validate and optimize QSI-Nano catalysts with Casale production reactor technologies. Following a successful validation phase, the second objective is to enter into a long-term agreement with Casale for the joint global distribution and sale of QSI-Nano catalysts with Casale reactor technologies to chemical plant owners and operators.
Kevin Maloney, QSI’s President and CEO, said: “Casale is a world-class partner. We look forward to working closely with their team to validate and optimize QSI-Nano catalysts along with Casale’s new process technologies for ammonia, methanol, and other chemicals and then jointly sell these products. The Joint Development Agreement with Casale follows the recent commercial validation of our FeNIXTM nano iron catalyst by a leading Chinese industrial chemicals partner, which opens up a large array of opportunities.”
Federico Zardi, COO of Casale, said: “We are extremely pleased to be working with QSI, a proven leader in nanoscale technology. We have entered into this Joint Development Agreement based on the very promising potential market opportunity of QSI-Nano catalysts combined with Casale’s leading process technologies for the benefit of our customers around the world. We look forward to a mutually beneficial and long-term commercial relationship.”