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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.
Supported by the GRInSTEM Fellowship Award and Alberta Innovates over the past 2 years, CarboMat Inc. is at the forefront of eco-friendly advancements in the materials industry. Our cutting-edge low-carbon technology promises to transform various sectors, including automotive, sports, and leisure, with multifunctional applications.
This funding will drive us towards creating Canada’s first commercial demonstration unit, marking a significant milestone in sustainable industrial innovation which will take us one step closer towards decarbonization and a net-zero future. Join us as we pave the way for a greener, more efficient future.
Relevant Links:
Carbon Fibre from Asphaltenes Could Provide A Future for Canada’s Oil Sands
Government of Alberta Investing Nearly $23 Million to Support Advanced Carbon Fibre, Storage, and Energy Efficiency Technologies
Press Releases
https://www.theglobeandmail.com/investing/markets/markets-news/GlobeNewswire/22534890/carbon-fibre-grand-challenge-selects-successful-projects/
ALBERTA INVESTING NEARLY $23 MILLION
ALBERTA INVESTING NEARLY $23 MILLION
Government of Alberta Investing Nearly $23 Million to Support Advanced Carbon Fibre, Storage, and Energy Efficiency Technologies
Alberta Supercharges Carbon Fibre Innovation in Canada
Alberta is investing $15 million across five Western Canadian organizations in order to help boost regional advancements in carbon fibre production technologies. Alberta Innovates and Emissions Reduction Alberta announced this week the funded projects representing Phase III of the region’s Carbon Fibre Grand Challenge. “Carbon Fibre is a significant opportunity for Alberta to diversify our … Continue reading
Journal of Commerce:
Alberta invests $31.3 million in nine projects to reduce global emissions
Province aiming to help industry reduce emissions and create jobs
