OCSiAl made the list after A&NN Investments acquired a 0.5% stake in the company for $5 million. “We are confident that the value of OCSiAl will steadily grow in the long term, so we are thinking of increasing our share in the company,” said Rafael Abramyan, Investment Director at A&NN Group.

OCSiAl was the first company to produce high-quality graphene nanotubes on an industrial scale. When it entered the market in 2014, OCSiAl offered graphene nanotubes to consumers at a price that was 75 times lower than those on the market, thereby making nanotubes accessible to a much larger number of industries. OCSiAl’s revenues have been doubling annually ever since, and the company expects to go public by 2025.

“By industry standards, graphene nanotubes are a relatively new material. Today we are observing the emergence of markets for its application,” said Yuriy Koropachinskiy, President of OCSiAl. “What is important is that these include not only the high-tech sector, but also mass-produced goods. We believe the company will be worth at least $100 billion in ten years’ time.”

Today, OCSiAl’s annual production capacity has the capabilities to improve hundreds of thousands of tonnes of various materials. OCSiAl’s customers include global car manufacturers, leading electronics companies, and major chemical producers. The company is rapidly increasing its output and plans to launch the first train of the world’s largest graphene nanotube synthesis plant in 2022 in Differdange, Luxembourg. In addition to this production facility, OCSiAl is launching a Research & Development Center to accelerate both fundamental and applied research on graphene nanotubes. The OCSiAl Center will create around 200 jobs and attract talents for state-of-the-art technologies to Luxembourg. OCSiAl is confident that its plans will give Luxembourg a significant push towards becoming a leading European hub for nanotechnology.