May 15, 2007 -- Multinational chemical giant BASF has announced the opening of a $2.6 million (S$4 million) R&D center for organic electronics in Singapore that will focus on nanotechnology and energy management, two important growth clusters for the company. The opening is part of BASF's plan to expand global research activities and investments, especially in Asia Pacific.
The new center augments the April 2006 opening of BASF's first nanotechnology research center in Asia, the Competence Center for Nanostructured Surfaces.
The total research expenditure for both centers between 2006 and 2009 is expected to be $19.8 million (S$30 million). BASF plans to hire a total of 40 employees for both research centers by end 2007.
BASF has embarked on a new project on organic photovoltaics with the Institute of Materials Research and Engineering (IMRE) in the center.
The organics electronics lab is a shared technology platform that cuts across BASF's growth clusters energy management and nanotechnology. it will undertake research activities in the areas of printed electronics, OLEDs (organic light emitting diodes), organic biosensors and organic photovoltaics.