Graphene start-up attracts POSCO partnership

June 15, 2011 – XG Sciences, a Michigan State University (MSU) spinoff, formed a series of agreements with POSCO, a Korean steel producer. The aim is advancing graphene manufacturing and product development, based on XG Science IP.

XGnP Graphene Nanoplatelets from XG Sciences are inexpensive additives for plastics, electronic components, batteries, etc.

Under the agreements, POSCO will purchase a 20% share of XG Sciences, obtaining production licenses to manufacture and sell xGnP Graphene Nanoplatelets. POSCO and XG Sciences will further collaborate on energy storage, advanced materials and electronics product development.

POSCO recently announced plans to invest $30 billion to expand its overseas operations. Earlier this year, however, it withdrew a bid to acquire Norway’s Elkem, a maker of silicon for solar panels, due to a lack of anticipated benefits from possible investment.

XG Sciences’ other international partner in Asia is Hanwha Chemical. These two companies allow the startup to reach top electronics, automotive and manufacturing companies in Asia, said Michael Knox, CEO of XG Sciences, adding that Asia-based customers will also have a local graphene manufacturing source.

For more information about XG Sciences visit

POSCO, in addition to being one of the world’s largest steel producers, operates a worldwide network of subsidiaries in energy, construction, logistics, mining and materials markets.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Spectral reflectometer for film thickness measurement
04/08/2014Verity Instruments, Inc. is pleased to announce the availability of its new SP2100 Spectral Reflectometer designed for film thickness measurement f...
New Kimtech Pure G3 EvT nitrile gloves
04/03/2014Kimberly-Clark Professional has introduced a new glove that is designed to provide process protection for the semiconductor and electronics industries....
UVOTECH releases UV-Ozone Cleaning System
04/03/2014Using a UV-Ozone Cleaner, near atomically clean surfaces can be achieved in minutes without any damage to your devices. ...