Cathay Biotech and 3P.COM Forge Groundbreaking Joint Venture to Propel Sustainable Composite Innovations

09 February 2024 | Friday | News

China's Cathay Biotech Inc. and South Korea's 3P.COM Co. Limited signed an agreement to establish a joint venture, targeting the development of bio-based polyamide thermoplastic composites.
Image Source : Public Domain

Image Source : Public Domain

In a strategic move towards sustainable innovation, Cathay Biotech Inc. of China and 3P.COM Co. Limited of South Korea have signed a landmark joint venture 

This visionary partnership between Cathay Biotech, a leading developer and manufacturer of synthetic biomaterials, and 3P.COM, renowned for its simulation expertise, seeks to unlock the vast market potential of bio-based polyamide continuous fiber composites. These innovative materials are poised to replace non-recyclable thermosets, aluminum, and steel in various applications, including hydrogen storage and transportation, urban air transport, and wind turbine blades.

Dr. Liu Xiucai, Chairman and President of Cathay Biotech, outlined the ambitious goals of the joint venture, emphasizing its role as a technological interface for critical applications. Drawing on years of experience in composite development within the new energy and automotive sectors, Dr. Sung Kyu Ha, Chairman of 3P.COM, highlighted the superior performance and low-carbon footprint of Cathay's bio-based polyamide continuous fiber composites.

The collaboration between Cathay Biotech and 3P.COM is poised to deliver cutting-edge composite material technology and product solutions to global customers. This joint venture represents a significant leap forward in advancing sustainable technologies, leveraging the expertise of two industry leaders to drive transformative change in the landscape of composite materials.

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