Sep 29 2015
MOF Technologies today announces the receipt of €1.2M funding to expand their UK manufacturing base and scale up production of their novel clean technology-enabling nanomaterials – Metal-Organic Frameworks (MOFs).
This success builds on MOF Technologies’ recently announced collaborations with IBM and General Motors in the commercialisation of MOFs to transform a range of clean tech applications. These include gas storage and filtration, heat transformation and the use of natural gas for vehicular transport.
The funding is part of a European Horizon 2020 project which includes partners such as Johnson Matthey and GDF Suez. The project itself, named ProDIA, received support totalling €7.6M and focuses on the production of nanoporous materials for clean technology applications in the fields of gas storage, air purification and heat pumps. MOF Technologies is the largest recipient of the funding within project ProDIA, and is one of only a handful of companies to receive such a significant level of support via Horizon 2020.
Through this collaboration, MOF Technologies will scale up its proprietary manufacturing process to enable them to supply industrial scale applications. Bucking the current trend of off-shoring, MOF Technologies will grow its manufacturing base in Belfast, Northern Ireland, with new facilities scheduled to open in Q1 2016.
Dr Paschal McCloskey, CEO of MOF Technologies, said “MOF Technologies view this success in securing funding from Horizon 2020 as verification of our plans to scale up our innovative production process. This ensures the ongoing growth of our company to deliver the full commercial potential of MOFs in the clean tech and other industry sectors”.
Source: http://www.moftechnologies.com/