A state-funded market feasibility study for a Continuous Basalt Fiber (CBF) manufacturing operation on Hawaii Island is now complete. 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.
To request a copy of the completed study, please contact us at firstname.lastname@example.org.