Coloray Signs MOU with Crystal New Materials for Graphene Application Development and Synthetic Mica Collaboration

Coloray and Crystal New Materials announced on the 22nd that they have signed a strategic business agreement (MOU) on graphene application technology and synthetic mica, agreeing to form a joint research and development team by selecting key research personnel from each company to rapidly advance collaborative R&D.

Crystal New Materials is a national-level advanced technology company engaged in the research, development, production, and sales of major basic new materials such as synthetic mica and graphene. As the world's largest synthetic mica production site and a leading graphene material manufacturer in China, it has maintained a long-term cooperative relationship with Coloray.

In July, Coloray officially applied for a national-level scientific research project in Zhejiang Province, China, to develop high-performance fibrous conductive composite materials. Through this agreement, Coloray and Crystal New Materials will establish a joint R&D team for the first project to develop 'high-performance graphene conductive composite materials' using graphene as a matrix.

In this collaborative project, the conductivity of the materials will be further enhanced by conductive fillers and conductive layer coating technology incorporating graphene raw materials produced by Crystal New Materials. Currently, due to the active development of vehicles such as electric cars and urban high-speed light rail in China, demand for high-performance nano conductive coating materials is increasing, and the market is expected to experience significant growth.

However, within the Chinese market, all materials used in automotive conductive primers are dependent on imports. Representative products include fibrous conductive titanium dioxide developed by Ishihara in Japan and fibrous conductive potassium titanate developed by Sumitomo Chemical, with average prices ranging from approximately 500,000 to 700,000 yuan per ton (about 120 million KRW), resulting in very high costs and increased expenses for automotive primer coating materials.

Automobile production and sales are expected to remain at high levels over the next 10 years, and demand for conductive coating materials will continue to grow. Importantly, the active development of vehicles such as electric vehicles (new energy vehicles) and urban high-speed light rail has further increased demand for high-performance nano conductive coating materials, continuously expanding the application fields of conductive coatings and providing a broad market space. Additionally, it has promoted green development in upstream and downstream industries such as environmentally friendly plastics, coatings, and automobiles.

A Coloray representative stated, “We expect that the combination of our accumulated years of technical experience in material coatings and Crystal New Materials’ graphene technology will rapidly advance high-performance graphene conductive composite material technology.” They added, “We will do our best to strengthen competitiveness through continuous technology exchange and demonstration, and to advance technological development and quality enhancement.” Furthermore, they noted, “Currently, high-performance conductive composite materials are 100% dependent on imports, but if replaced by Coloray products (domestically produced) in the future, significant profitability is expected.”

Additionally, under this agreement, Crystal New Materials has fully supported Coloray’s plan to build an annual production base of 6,000 tons of synthetic mica and agreed to provide related technical guidance. Based on this, both parties will also cooperate in developing high-quality synthetic mica powder and pearl pigment series products.

This content was produced with the assistance of AI translation services.