GRUS Stock Guru Profile – GRUS
Grem USA Nanoscale Gold has the Potential to Transform the Chemical Industry
In early May, Edward Miers, President and CEO of GREM USA announced GREM USA has entered into negotiations to acquire Nanogold Corp., a Canadian R&D corporation specializing in Nano Gold Technology. Nanogold Corp. is presently involved in a joint venture with a prominent Chinese University to develop Nano Metal Applications.
Nanogold Corp. is developing chemical processing for the production of Nanoscale Gold Powder. The research team at the Chinese University has several years experience in chemical processing for the production of nanoscale metals and oxide powders. They have successfully produced nanoscale powders of Ag, Ni and numerous oxides such as Fe(2)O3, CuO, ZnFe(2)O4. Based on the investigation of their literature and their research experience, it is possible to make nanoscale gold powder by means of their chemical processing.
Nanogold Corp. believes it will be in position to supply Nano Gold Powder to the emerging Industries utilizing the nano gold in the development of new products.
GREM USA contemplated compelling objectives with this anticipated acquisition and are to work with Nanogold Corp and the prominent Chinese University in the development of Nano Gold Powers utilizing proprietary chemical processes; once fully developed, patent protection will be sought.
The management of both GREM USA and Nanogold Corp., as part of their due diligence process, will be traveling to China in the near future to finalize this joint venture with the Chinese University for this new and innovative technology.
Nanogold Has the Potential to Transform the Chemical Industry
A team of researchers from the U.K. and the U.S. say they have developed a catalyst for the selective oxidation of hydrocarbons using nanoscale gold that can be “tuned” by adding trace amounts of bismuth. The catalyst can carry out the reactions under solvent-free conditions and uses only oxygen as the oxidizing agent, making them more environmentally friendly than industrial processes that use chlorine, and less costly than those employing organic peroxides, say the scientists, who reported their work recently in Nature. The work was carried out by researchers from Cardiff University (Cardiff, U.K.), Johnson Matthey, and Lehigh University (Bethlehem, PA).
The process could have broad applicability for the industrial production of organic intermediates such as acids, alcohols, aldehydes, epoxides, and ketones, the researchers say. “The nano-gold catalyst can effectively aid the insertion of an oxygen atom into an unsaturated hydrocarbon,” says Chris Kiely, professor of materials science and engineering at Lehigh. The gold catalyst can be fine-tuned with the addition of bismuth, although the exact mechanism is not known, Kiely says. The researchers demonstrated the process using cyclcohexene, cyclo-octene, and styrene; product distribution can also be changed by using different organic solvents, they say.
Masatake Haruta, a catalyst chemist at Tokyo Metropolitan University and a leader in nanogold research, says the work has the potential to “transform” the chemical industry. Oxidation catalysts are second in usage only to polymerization catalysts, accounting for about 18% of total catalyst use in the U.S., Haruta says. “The chemical industry would be transformed if selective oxidation of hydrocarbons could be achieved efficiently using cheap and clean oxygen from the air,” Haruta says. “The advancement of ‘greener’ methods for oxidation catalysis using gold is therefore invaluable,” he says.
Source: GRUS and Chemical Week November 2005
GREM USA
315 E Wallace Street
Fort Wayne, IN 46803
Phone: (260) 456-2354
Fax: (260) 456-2339
Website: http://www.gremusa.com/
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