Haydale has announced that it has been awarded a £1.1 million loan facility by Innovate UK Loans Limited, a wholly owned subsidiary of UK Research and Innovation.
Haydale, with the support of Innovate UK, is implementing its plan to expand its capacity to manufacture functionalized nanomaterials (including graphene) to meet growing demand. Haydale will be investing in a HT1400 plasma reactor and ancillary equipment to provide a facility to be able to increase production volume by at least eight-fold once fully optimized. The reactor will increase production at the Ammanford facility to an industrial level with capacity to functionalize over 30 TPA of graphene and other nanomaterials on a single shift pattern.
Commenting on the announcement, Keith Broadbent, Chief Executive Officer of Haydale, said: "Haydale is delighted to have been awarded this loan by Innovate UK and is looking forward to significantly expanding our manufacturing output capacity to be ready to meet growing demand for our functionalized powders, inks, elastomers and composites. We are grateful to Innovate UK for their support of our strategy which will allow Haydale to deepen its roots in the UK industrial landscape, whilst supporting the UK's high tech and advanced materials supply chain strategy".