NanoDynamics, Shell Technology Ventures Fund establish JV
Oct. 24, 2007
NanoDynamics Inc. and Shell Technology Ventures Fund 1 BV have formed a joint venture to develop new materials and products for exploration and production in the oil and gas industry.
Offshore staff
BUFFALO, New York -- NanoDynamics Inc. and Shell Technology Ventures Fund 1 BV have formed a joint venture to develop new materials and products for exploration and production in the oil and gas industry. According to the companies, the joint venture, named Epik Energy Solutions Llc, capitalizes on NanoDynamics' capabilities in nanomaterial synthesis and product engineering.
"This joint initiative will target the application of nanomaterials and nano-enabled products to improve a broad range of exploration and production issues," says Keith Blakely, CEO of NanoDynamics. "With the rapidly increasing demand for energy across the globe, it is all the more important to examine ways of improving fuel extraction and processing methods through advanced materials and technologies."
The initial board of directors of Epik Energy Solutions consists of Keith Blakely, NanoDynamics' CEO; Oliver Capon, Kenda Capital's CFO, and Matthew Bell, GEODynamics' VP of technology.
