Spanish company MontefibreCarbon has received €5.6 million to help it transition from from producing textile acrylic fiber to polyacrylonitrile (PAN) precursor for conversion to carbon fiber (precursor fiber).

The grant comes from the Spanish Ministry of Industry, Trade & Tourism as part of the country’s REINDUS (Reindustrialization and Strengthening of Industrial Competitiveness) initiative, the company said and is part of a €7.5 million investment in Montefibre’s 302,656 m2 factory in Miranda de Ebro, Spain.

Montefibre Carbon is adapting its polymerization and dope preparation with a potential capacity of 75,000 metric tons per year, and four of its seven spinning lines to produce around 17,000 tons per year of its large-tow precursor fiber in the next three years, with a plan to increase its production to 33,000 tons per year by 2025.

This story uses material from MontefibreCarbon, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.