DIFFERDANGE, Luxembourg—Advance materials manufacturer OCSiAl has been granted approval by Luxembourg authorities for a graphene nanotubes production facility in Differdange, southwestern Luxembourg.
The $333 million (€300 million) facility, which includes an associated R&D center, is expected to be "the largest of its kind" and is scheduled for completion in 2025, OCSiAl announced Feb. 22.
OCSiAl did not provide further details on the production capacity of the facility, but the company had previously announced plans to build a 250-metric-ton unit in Luxembourg.
The company expects the new facility to enhance the geographic accessibility of graphene nanotubes to the growing automotive components market in Europe.
To be positioned between Belgium, France and Germany, the facility will allow OCSiAl to reduce logistics costs and work closely with car makers, chemical producers and tire manufacturers across Europe.