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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

Photos: LeMond Composites opening celebration

Posted at 9:21 pm October 13, 2016
By John Huotari 2 Comments

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

Greg LeMond, center, three-time Tour de France champion, celebrated the opening 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. Behind LeMond is Nicolas Wegener, LeMond Composites chief operating officer. At left is Thomas Zacharia, ORNL deputy director for science and technology. (Photo by John Huotari/Oak Ridge Today)

 

A new company co-founded by Greg LeMond, a three-time Tour de France champion, will make composite bicycles and carbon fiber for other products in Oak Ridge, and the business, called LeMond Composites, will invest $125 million and create 242 new jobs, officials said during a Wednesday afternoon ceremony. Here are photos from the ceremony. [Read more…]

Filed Under: Business, Federal, Government, Oak Ridge, Oak Ridge, Oak Ridge National Laboratory, Roane County, Roane County, State, U.S. Department of Energy Tagged With: carbon fiber, Greg LeMond, Heritage Center, LeMond Composites, Nicolas Wegener, Oak Ridge National Laboratory, Randy Boyd, Thomas Zacharia, Tour de France

LeMond Composites to make carbon fiber, composite bicycles—invest $125 million, create 242 jobs

Posted at 8:32 pm October 13, 2016
By John Huotari Leave a Comment

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

Greg LeMond, three-time Tour de France champion, celebrated the opening 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. (Photo by John Huotari/Oak Ridge Today)

 

A new company co-founded by Greg LeMond, a three-time Tour de France champion, will make composite bicycles and carbon fiber for other products in Oak Ridge, and the business, called LeMond Composites, will invest $125 million and create 242 new jobs, officials said during a Wednesday afternoon ceremony.

Among the officials celebrating the opening on Wednesday were LeMond, and Tennessee Economic and Community Development Commissioner Randy Boyd.

Carbon fiber has advantageous properties, but cost has been a barrier to using it, said Connie Jackson, chief executive officer of LeMond Composites. She said the manufacturing process has been changed to reduce production cost.

“We have overcome a significant part of the cost barrier,” Jackson said.

Carbon fiber is light, stiff, and strong, making it the perfect material for advanced composites in a variety of applications. It can be used to improve efficiency, save energy, and build or repair vehicles and planes, wind turbines and containers, and bridges and tunnels. [Read more…]

Filed Under: Business, Business, Federal, Front Page News, Government, Oak Ridge, Oak Ridge, Oak Ridge National Laboratory, Recreation, Roane County, Roane County, Slider, Sports, State, Top Stories, U.S. Department of Energy Tagged With: advanced manufacturing, Bill Haslam, carbon fiber, Carbon Fiber Technology Facility, Connie Jackson, Greg LeMond, Heritage Center, John Bradley, LeMond Companies, LeMond Composites, Nicolas Wegener, Oak Ridge, Oak Ridge Electric Department, Oak Ridge National Laboratory, ORNL, Randy Boyd, Roane Alliance, Roane County, Roane State Community College, Tennessee Economic and Community Development, Tennessee Valley Authority, Thomas Zacharia, Tour de France, TVA, U.S. Department of Energy, vehicle technologies

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Classifieds

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...]

Public Notice: Draft Environmental Assessment Available for Lithium Production Facility at Y-12

AVAILABILITY OF THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE LITHIUM PROCESSING FACILITY AT THE Y-12 … [Read More...]

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

The U.S. Department of Energy (DOE) National Nuclear Security Administration (NNSA) announces the … [Read More...]

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