PASADENA, CA--(Marketwire - March 16, 2011) -
Materia announced today its plans for opening a catalyst manufacturing and R&D facility in Singapore. The company expects to complete the site selection process in 3Q 2011 and begin construction by year-end.
Materia's new facility will reach initial operating capacity of 10 metric tons by the end of 2012. In addition to catalyst manufacturing, the plant will house research, development, and technical service resources. The Singapore site will be operated and controlled by Materia's newly formed subsidiary, Materia Singapore Pte. Ltd.
"This expansion represents the first step in our strategy to better serve our customers' needs through regional catalyst supply," stated Dr. Michael A. Giardello, Materia's Chief Executive Officer. "Industrial demand for our Grubbs catalyst technology is growing globally, particularly in Asia."
Nobel Laureate Professor Robert H. Grubbs of the California Institute of Technology added, "It is very exciting to see the growing commercial importance of this technology through the establishment of a Materia presence in this economically and technologically important region."
Materia was founded in 1998 to commercialize olefin metathesis catalyst technology. This market-enabling, Nobel Prize-winning, green chemical technology enables chemical compounds to be synthesized with greater efficiency, under less stringent reaction conditions, and with reduced byproducts and hazardous waste. Metathesis has been accepted as an emerging "green technology" platform and has been broadly adopted by the pharmaceutical, chemical, and polymer industries. As stated by the Royal Swedish Academy of Sciences when awarding the 2005 Nobel Prize, "metathesis is an example of how important basic science has been applied for the benefit of man, society, and the environment." For more information, visit www.materia-inc.com.