International Conferences on Composite Materials

 International Conferences on Composite Materials

https://composite-materials-conferences.sciencefather.com/

Award Nomination - https://x-i.me/compram1

Award Registration - https://x-i.me/compreg1

Abstract Submission - https://x-i.me/compabst2

Conference Registration - https://x-i.me/compreg2

€34 million Series A advances Fairmat composite materials recycling goals


The oversubscribed financing operation was co-led by Singapore investment company Temasek and the Belgian group Compagnie Nationale à Portefeuille (CNP/Groupe Frère), with participation from a group of investors including original seed funding VC Singular (Paris, France), wealth and asset managers, Pictet Group (Geneva, Switzerland) and The Friedkin Group International (London, U.K.), the investment arm of an American consortium of automotive, hospitality, entertainment, sports and adventure companies. Prominent business angels like Danone CEO Antoine de Saint-Affrique, other CEOs and founders of successful tech startups also joined in this round, as well as Phiture, a 100% non-profit tech investment fund launched by Raise Sherpas.

“Recycling advanced materials like carbon fiber composites is one of the strongest actions we can take to accelerate the decarbonization of the manufacturing sector,” Ben Saada, Fairmat CEO, declares. “We are thrilled to see our vision of a next generation of materials come to life as we are accelerating our production and expanding our international development.”

In the two years since its founding, Fairmat says it has made progress. This includes securing more than 35% of European scrap supply, generating commercial interest for its products, opening its first factory and building a team in line with its aspirations (for more information, take a look atThe company will use the funds to accelerate the deployment of its robotized industrial capabilities, including the ramp-up of its newly inaugurated automated sorting plant, which will host more than a hundred robots and be able to handle up to 3,500 metric tons of composites scrap per year

Entering new verticals is also part of the plan, as Fairmat looks to leverage its Materials business unit for greater sustainability impact in sectors as large as consumer electronic goods, mobility, sports and leisure.

Fairmat reports that its solution is coherent with current environmental priorities (lifecycle analysis achievements, ESG roadmap and certification objectives). 

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