Hot on the heels of the news of its cleantech partnership with the University of Limerick, the Northern Ireland-based nanotechnology startup, MOF Technologies, has revealed its plan to invest £1.2 million in a new R&D and production facility in Belfast.
MOF Technologies, which is headquartered at QUBIS in Belfast, is a global leader in the development and production of Metal Organic Frameworks, which are nanomaterials that combine organic and inorganic units and feature voids that can be used for gas storage, catalysis or drug delivery. The company’s new production facility will help it cement its leadership position in this niche market by putting in place the tools necessary for full-scale (and scalable) commercial MOF production.
"We have so far demonstrated on the first MOF – CuBTC – and we will be rolling out a whole suite of scalable MOFs over the next two years," explained Dr Paschal McCloskey, CEO of MOF Technologies.
The startup has secured R&D space at the AgriFood & Biosciences Institute (AFBI) in Belfast, and will invest £1.2 million in its new R&D and production facilities at that site. The investment will be partially funded by financial support from the European Union's Horizon 2020 Fund, in addition to support from Queen’s University Belfast.
"This is a major milestone for a company working in a space as specialised as ours," Dr Paschal McCloskey added. "Getting to a point where our technology can be produced on a commercial scale gives us much greater scope for bringing MOFs to several new markets."