Transforming Low-Value Materials To High-Value Carbon Fibers
Breaking News!! CarboMat Inc. secures $4.1M
On December 6, 2023, Calgary, Alberta – CarboMat Inc. proudly announces the acquisition of $3.8 million of non-dilutive grant funding from Emissions Reduction Alberta (ERA) and Alberta Innovates. This funding is a crucial part of a larger $5.08 million project aimed at revolutionizing the production of low-cost, sustainable, and high-value carbon fibers from low-value waste by-products like oil sands asphaltenes. This 3-year project would focus on production scale-up to build a kg-scale pilot facility, complete extensive R&D to improve product quality, and accelerate customer guided product development towards development of a minimum viable product.
Let's talk about the business
CarboMat Inc. was founded in early 2022 as a spin-off from the University of Calgary with the support of the GRInSTEM Fellowship Award from the Global Research Initiative (GRI).
Our business strives to develop a less GHG-intensive technology to produce low-cost and high-value carbon fibers from low-value waste by-products such as oil sands asphaltenes for multifunctional applications in the composite industry (e.g., automotive, sports, leisure, etc.).
Our Value Proposition
The Problem
High production cost of PAN-based commercial carbon fibers due to expensive precursor cost.
Production cost share of PAN CF
Mitigation
Lowering the carbon fiber production cost facilitates widespread applications of carbon fibers in multiple commercial sectors with reduced costs and higher affordability.
$230/ kg
$115/kg
$27/kg
$25/kg
$15/kg
Carbon Fiber Market Projection
Production cost share of PAN CF
$230/ kg
$115/kg
$27/kg
$25/kg
$15/kg
Carbon Fiber Market Projection
Cutting the precursor cost by half will lead to ten-fold increase in market growth
Our Solution: Carbon Fiber from Asphaltene
Paving the way towards lightweight materials
Competitive Advantage of our Technology
Post -Spinning
Spinning
Pre-processing
Post-spinning
Spinning
Pre-processing
~60% decrease in CF production cost with our technology
Post-spinning
Spinning
Pre-processing
Post-spinning
Spinning
Pre-processing
~50% decrease in GHG emissions with our technology
Our Success Pathway
- 100+ Customer Discovery
- 5-10 Strategic Partnerships
- 8 Signed LOIs
CF reinforced bio composites
Proof-of-concept
CarboMat Inc. was formed for business development and commercialization
Received Seed Fund from The University of Calgary, Canada to growth the business.
Concept Feasibility
Scale-up to 10g/day
Proof of concept.
Industry Applications
Composite Material Industry
Automobile Industry
Aerospace Industry
Sports
Leisure
Defense
Our Partners
