Alberta Innovates has launched a $15-million international competition to capitalize on the global carbon fibre market, which is projected to reach US$7.8 billion by 2024. Eventually, more than 100,000 barrels of bitumen could be used daily to produce carbon fibre.
Topic: oil sands bitumen
Alberta Innovates invests $2 million to explore non-combustion uses for bitumen
Canadian researchers will share funding for seven projects exploring alternative uses for oil sands bitumen, from nanostructured materials to road construction asphalt.