Graphene Nanochem logoGraphene Nanochem signed a joint-venture agreement with Emery Advanced Materials to co-develop new applications for Graphene Nanochem's graphene-based nanomaterials.

Graphene Nanochem says that the Emery Group is one of the world's largest oleochemical from renewable sources producers. The two companies will develop three applications with a combined market value of over $100 billion.

Graphene Nanochem recently doubled its graphene capacity to two tons per year. Graphene Nanochem plans to continue and expand its production capacity in 2014 and 2015 as the company hopes to start offering graphene-based drilling fluids soon.