The University of St Andrews has backed a technology firm saving twelve skilled jobs in the area.
Drochaid Research Services has taken on employees of Sasol UK following the closure of the St Andrews laboratory that was funded by the South African oil and gas firm.
The university provided a £700,000 financial package for Drochaid and the promise of access to research equipment.
Drochaid will carry out contract research and development in the areas of catalysis, materials science and chemical technology.
The company’s managing director, Professor Robert Tooze, said: “The need for the efficient utilisation of both materials and energy in the products that we all rely on is increasingly well understood. Catalysis is a key enabling technology in this process.”
He added: “We are already getting significant industrial interest and further building our links with academia, both nationally and internationally.”
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