4M Carbon Fiber and Montefibre Carbon to partner for production of the lowest-cost carbon fiber in the world
4M Carbon Corp. and Montefibre Carbon Fiber are in the process of finalizing a letter of intent (LOI) to establish a partnership, including a potential US-based joint venture (JV). 4M is currently a fully reporting SEC entity, which will accelerate a combined 4M/Montefibre IPO and listing in the US.
4M and Montefibre will combine Montefibre’s ultra-large tow precursor and 4M’s low-cost carbon fiber production technology to produce the world’s lowest-cost industrial-grade carbon fiber.
4M says that its patented technology reduces the initial investment of a carbon fiber manufacturing line by up to fifty percent (50%) and ongoing operating cost savings by greater than thirty percent (30%), which will enable rapid growth of low-cost carbon fiber capacity.
Montefibre’s ultra-large tow technology, with the full support of the Spanish government, significantly reduces carbon fiber precursor cost by exponentially increasing volume throughput. The JV is planning to reserve up to 20,000 tons per year of Montefibre’s capacity of carbon fiber precursor by 2025.
4M will continue to implement its acquisition strategy of acquiring synergistic downstream carbon fiber conversion companies to build enterprise and shareholder value. Montefibre will continue to increase its carbon fiber precursor production capacity with the support of the Spanish government. 4M Carbon Fiber Corp. is a Delaware Corporation based in Knoxville, Tennessee. Montefibre Carbon Fiber is based in Miranda de Ebro, Spain.