The US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) group provides funding for Neuvokas Corporation to initiate the development of an energy efficient manufacturing process to produce CBF (continuous basalt fiber) in the United States.
The manufacturer is also the recipient of $150 K from the Michigan Economic Development Corporation’s Entrepreneurship & Innovation initiative, through the MATch Energy Grant.
The funding will support the development of a continuous basalt fiber process that will ultimately integrate with existing Neuvokas rebar manufacturing.
Neuvokas is well-known for innovations in manufacturing high-quality basalt fiber reinforced polymer rebar.
A five-year-old start-up, launched by Erik Kiilunen, hit all-time record in speed of basalt rebar manufacturing. Currently, the producer is making an attempt to become a leader in sustainable development.
Using rebar manufactured with CBF instead of steel to reinforce concrete will reduce greenhouse gases and increase service life, company spokesperson says.
When successful, this development will lead to major advancements in the sustainability of the world’s reinforced concrete infrastructure,
said Erik Kiilunen, CEO, Neuvokas.
China is also keenly investing in the basalt fiber industry, believing that basalt composites are promising materials for marine and coastal areas.