Hawaii intends to develop basalt production

The first $200 000 from state budget for a basalt fiber manufacturing plant will be allocated within the next year. Hawaii House and Senate conferees agreed on this funding for fiscal years 2018 and 2019.

They plan to spend money for a market assessment and feasibility study for the development of a basalt fiber manufacturing plant on the island. This amount is exactly half of the annual investment required by the Pacific International Space Center for Exploration Systems (PISCES) to study basalt technologies.

The geology of a state, located on the volcanic island, is similar to the geology of Mars and the Moon. Therefore, basalt construction technologies being developed for these planets can be applied on Hawaii island.

Companies: Moon, PISCES

Industries: Construction, Finance & Investment

Terms: Basalt, Investment

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