Carbon FibersPress-releases

Hawaii basalt fiber market feasibility study completed

A state-funded market feasibility study for a Continuous Basalt Fiber (CBF) manufacturing operation on Hawaii Island is now complete.

Hawaii basalt fiber market feasibility study completed
Pacific International Space Center for Exploration Systems (PISCES) contracted the study with defense and aerospace consulting firm SMA in March 2018 to determine whether such a venture could be profitable and benefit the local economy.

The comprehensive report shows:

  • the current global market demand for CBF;
  • manufacturing capabilities throughout the world;
  • the average market price for CBF products;
  • the estimated cost to build and operate a CBF plant on Hawaii Island;
  • a business model to operate a CBF facility;
  • the estimated cost comparison between CBF manufactured in Hawaii and other places in the world;
  • and the potential number of jobs and wages a facility would provide.

PISCES has been working with Hawaiian basalt as a feedstock for ISRU (in-situ resource utilization) to create novel materials for sustainable products on Earth and in space. Hawaii’s basalt meets the specific chemical profile needed to manufacture CBF, a material similar to fiberglass and carbon-fiber. CBF products possess favorable characteristics including resistance to corrosion and heat, and high tensile strength. Globally, CBF manufacturing is valued at around $100 million and expected to double in the coming decade.

Companies: PISCES (Pacific International Space Center for Exploration Systems)

Terms: Asia-Pacific, Business, News Worldwide

This article has been edited by Basalt.Today
This article has been written on JEC Composites Magazine
Back to top button