Talga and +$3.7bn multinational race ahead on graphene packaging deal
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Special Report: With ongoing concerns about the use of plastic for packaging, Talga is exploring graphene as a potential replacement.
The company has executed a joint development agreement with Swedish multinational packaging company BillerudKorsnäs after successful test work was completed under the original letter of intent, signed in August last year.
Under the agreement, Talga Resources (ASX:TLG) and $3.7 billion market cap BillerudKorsnäs will co-develop improved packaging technology using Talga’s functionalised graphene product Talphene®.
This is a big opportunity for Talga, which intends to convert high-grade graphite from its Swedish operations it into graphene products using its in-house processing and product technology.
Listed on Nasdaq Stockholm, BillerudKorsnäs has 4300 employees in over 13 countries and annual turnover of about SEK 22 billion ($3.33 billion).
For BillerudKorsnäs, Talga’s graphene could potentially enable an increase in the recycling potential of products, amongst other performance and eco-benefits.
The deal also sets the structure for the two companies to agree on terms for potential commercialisation of products and intellectual property ownership, along with commercialisation of successful products through BillerudKorsnäs’ existing global industrial clients.
“Packaging is a high-volume application where graphene can make a material impact to performance, functionality and recycling,” Talga managing director Mark Thompson said.
“Talga’s advanced solutions fit very well with BillerudKorsnäs’ vision of challenging conventional packaging for a sustainable future. We are happy for this collaboration and look forward to jointly explore new possibilities together with the Talga team,” BillerudKorsnäs executive vice president innovation Dr Magnus Wikström added.