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CSN Inova, Innovation Arm of Companhia Siderúrgica Nacional, Announces Financial Investment in Singapore Startup That Produces and Applies Graphene
CSN Inova, the innovation arm of CSN (Companhia Siderúrgica Nacional), announced that it has made a financial investment in 2D, a startup from Singapore. The company identified graphene (a 2D material composed of monolayers of carbon and derived from graphite, a mineral with the third largest proven reserves in Brazil) as a key material in its innovation strategy. See also: CSN has more than 20 job openings for operator, production assistant, internship, engineer, and more
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CSN Research Using Graphene
According to CSN, in steelmaking, for example, studies have shown that its combined use with steel provides greater resistance to corrosion, among other properties. When it comes to cement, graphene has a strong appeal for the development of a new generation of material, with greater resistance, as well as being lighter and waterproof – which would be highly suitable for use in smart buildings, with energy capture and storage for water heating or thermal comfort.
José Noldin, Head of Technology Strategy at CSN Inova, says that graphene is a powerful additive that, even in small quantities, can bring significant results and add great value to products.
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Graphene Research Center in Volta Redonda
José Noldin, along with the investment in the startup 2DM, is launching a working group focused on graphene at the Research Center on the Presidente Vargas Plant (UPV). The team will act as a competency cell for the application of graphene and will promote the development of solutions in energy, steel, cement, and iron ore.
The executive from CSN Inova states that “The versatility of graphene applications, especially with a quality like that of 2DM, makes it a unique material that will certainly revolutionize the industry in the coming years. In this way, we will accelerate its use in other industries as well, such as textiles, biomedicine, mobility, agriculture, and others that are large consumers of steel and clients of CSN. Therefore, this investment and positioning of CSN are strategic and will have a positive impact on the entire market, as well as reinforcing the relevance of Volta Redonda to the technical-scientific, industrial, and sustainable progress of the country.”
See Also Another Article: CSN Negotiates Purchase of New Cement Factory in the State of Paraíba
CSN President Benjamin Steinbruch confirmed that he is negotiating the purchase of Elizabeth Cement, owned by the Farallon fund, a cement factory in the state of Paraíba. The deal could range from US$ 200 million to 250 million, according to information from Valor Econômico newspaper.
Steinbruch, President of CSN, stated that he will keep the market informed about any developments regarding this matter. CSN’s management also reported that there is no binding document for the acquisition.
According to market specialists, the acquisition is considered strategic for CSN’s cement division, which plans to go public on B3, the Brazilian stock exchange. The company has already filed for an initial public offering (IPO) with the CVM, the regulatory agency for the capital markets.
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