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LeMond Composites strikes agreement to accelerate commercialization of low-cost carbon fiber

Posted at 11:30 am July 14, 2017
By David Cusick Leave a Comment

lemond-composites-greg-lemond-2-oct-12-2016-web

Greg LeMond, three-time Tour de France champion, celebrated the announcement of LeMond Composites, a new company he co-founded, during a ceremony on Wednesday afternoon, Oct. 12, 2016, at Heritage Center in west Oak Ridge. The company is expected to make composite bicycles and carbon fiber, and invest $125 million and create 242 new jobs. (File photo by John Huotari/Oak Ridge Today)

 

LeMond Composites of Oak Ridge has entered into a global, exclusive 20-year licensing agreement with Deakin University in Australia to commercialize their patent pending manufacturing process to increase production of high performance, low-cost carbon fiber, a press release said.

The licensed process will enable LeMond Composites to commercialize carbon fiber production faster than anyone else currently in the marketplace, the press release said.

“This means LeMond will deliver more of its low-cost carbon fiber faster to industries that benefit from using lighter, stronger materials, like those addressing global energy and transportation challenges,” the press release said.

“Deakin University’s process oxidizes carbon fiber faster, with lower capital and energy costs and greater output of carbon fiber over a shorter period,” said Nicolas Wegener, chief operating officer of LeMond, who negotiated the $44 million dollar deal. “The process requires 75 percent less energy and also reduces the amount of process equipment by 75 percent. These factors make the production of low-cost carbon fiber scalable at a velocity that can keep up with the market demand.” [Read more…]

Filed Under: Business, Business, Front Page News, Oak Ridge, Slider Tagged With: carbon fiber, carbon fiber production, Deakin University, Greg LeMond, Jane den Hollander, LeMond Composites, licensing agreement, Nicolas Wegener, Tour de France

LeMond, Tour de France champion, plans production in Oak Ridge, thinks area could be world hub for carbon fiber

Posted at 9:35 pm August 30, 2016
By John Huotari 2 Comments

Greg LeMond at the Carbon Fiber Technology Facility

Three-time Tour de France champion Greg LeMond, right, chairman and co-CEO of LeMond Companies, which owns LeMond Composites, tours ORNL’s Carbon Fiber Technology Facility. (Image courtesy of Oak Ridge National Laboratory, U.S. Department of Energy)

 

A new carbon fiber company that includes three-time Tour de France champion Greg LeMond plans to build a carbon fiber production line in west Oak Ridge to make composites for use in transportation, renewable energy, and infrastructure, and LeMond thinks the Knoxville area will become the world hub for carbon fiber.

The new company, LeMond Composites, has signed a licensing agreement with Oak Ridge National Laboratory, and it has purchased the former Theragenics building at Horizon Center, where CVMR, an international company that uses ore concentrates to create pure metal powders, had once planned to locate its headquarters and research and development.

LeMond Composites closed on the property, which includes about 21 acres, on July 21 for $5.4 million. It’s right next to ORNL’s Carbon Fiber Technology Facility, or CFTF, at Horizon Center. Renovations at the former Theragenics building are already under way.

Carbon fiber is light, stiff, and strong, a press release said. That makes it the perfect material for advanced composites in a variety of applications, including transportation, renewable energy, and infrastructure, the release said. It can be used to improve efficiency, save energy, and build or repair vehicles and planes, wind turbines and containers, and bridges and tunnels.

But the biggest obstacle to its widespread use has been its high cost. [Read more…]

Filed Under: Business, Business, Oak Ridge, Oak Ridge National Laboratory, Slider, Top Stories, U.S. Department of Energy Tagged With: advanced composites, Advanced Manufacturing and Vehicle Technologies, Bill Haslam, carbon fiber production, Carbon Fiber Technology Facility, CFTF, Connie Jackson, Greg LeMond, Horizon Center, IACMI, Institute for Advanced Composites Manufacturing Innovation, LeMond Companies, LeMond Composites, Oak Ridge National Laboratory, ORNL, Randy Boyd, Theragenics, Thom Mason, U.S. Department of Energy, University of Tennessee

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Public Notice: Comment period extended for Draft EA for Lithium Processing Facility at Y-12

EXTENSION OF THE COMMENT PERIOD FOR THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE LITHIUM PROCESSING … [Read More...]

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Availability of the Final Environmental Assessment for the Oak Ridge Enhanced Technology and Training Center (ORETTC) (DOE/EA-2144), Finding of No Significant Impact, and Wetland Statement of Findings

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