Bergen Carbon Solutions AS

M&A Activity • Apr 29, 2021

Bergen Carbon Solutions - Letter of intent stating big interest in buying carbon-nanofibers

Bergen Carbon Solutions - Letter of intent stating big interest in buying carbon-nanofibers

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Our CEO Jan B Sagmo got a signed Letter of Intent from a Japanese corporate where the LOI state that the company whises to develop business relationships with BCS where the company buys carbon-nanofibers (Econanano) from BCS, it is both parties intention to establish BCS as one of the main suppliers of CNF. The company wishes to use the purchased CNF in its production of composite materials.

The company is a well established corporate with long history and have business in over 70 countries world wide. The company provides solutions leveraging a diverse range of products, technologies, services and the environment, all of which are indispensable parts of live. they are engaged in wide range of business; agricultural solutions that support the world’s diet, water-related solutions that regenerate and deliver safe water, and living environment solutions. They value a hands-on approach that gives form to customers’ real needs, while also working to address social issues on a global scale. From one grain of rice and one drop of water to the foundations of society and industry.

Bergen Carbon Solutions AS is a company that has developed a proprietary method of producing CNF by using captured CO2. CNF is a high value product, lighter than plastic, stronger than steel and leads electricity better than copper, and is applied to a wide range of consumer and industrial products, from energy storage to protective clothing.

The CNF is made by using modular production units that are based on two 40 feet containers stacked on top of each other with two reactors (4 crucibles each). Each production unit can produce about 6.5 tonnes of CNF annually out of 30 tonnes of CO2. The production method and technology have been verified by DNV-GL, and the Company has been producing CNF at their test facility since summer 2020. The Company has developed an energy efficient, carbon negative production method, to produce CNF out of CO2, using only renewable energy and with O2 as the only bi-product and thus BCS calls it green CNF.

Terms and conditions will be negotiated as soon as possible, this includes purchases price, volumes, product quality, delivery obligations and payment terms.

Both parties have a common intention to enter into a final delivery agreement including terms and conditions as soon as possible.

For more information:

Jan B Sagmo, CEO

Phone +47 47372701

Mail: janbsagmo@bergencarbonsolutions.com