Carbon nanotubes (CNT) including single walled nanotubes (SWNT) and multi walled nanotubes (MWNT) exhibit many unique and useful physical and chemical properties, which lead to many interesting applications. We have obtained a lot of promising results of CNT production and applications as catalysts supports and reinforced polymer composites. However, there are still many challenges in large-scale production of CNTs and in fabrications of CNTs for the practical use. The research in this field will be con tinually going on and more and more applications will be studied. Our simple reactoris now insufficient for further research, and the working environment is not satisfactory. The new system will significantly strengthen our CNT related research and also strengthen our ab ility for national and international cooperation.