Bergen Carbon Solutions has extended MOU with TKG Huchems. The MOU will now remain in effect until September 2024, under the same terms as the original MOU from March 2023. The intent of the MOU is to produce Carbon Nano Tubes (CNT) utilizing technology from Bergen Carbon Solutions, targeting battery cell manufacturers in the Asian region. As part of the MOU, both parties will explore the possibility of establishing a CNT factory in Korea with an annual capacity of 10,000 tonnes.

Both Huchems and Bergen Carbon Solutions will proceed with discussions centered around the commercialization of Bergen Carbon Solutions? technology and products in South Korea. The collaboration and shared commitment to the development and investment in CNT technology for the Asian market remains a priority for both entities.