CFoam enters US R&D partnerships to advance the use of carbon products in building industry

Read the full story at Small Caps.

Australian inorganic carbon material manufacturer CFoam (ASX: CFO) has entered into key partnerships with two US tertiary institutions based on enhancing the development of carbon products from coal.

The research and development agreements with Ohio University and Massachusetts Institute of Technology are at an early stage and have the potential to create new markets and opportunities for CFoam as a raw materials provider.

Ohio University is researching a project related to coal-derived alternatives for traditional fibre-cementitious building materials.

The project has received US$500,000 (A$666,000) funding from the US Department of Energy’s National Energy Technology Laboratory which focuses on applied research for the clean production and use of domestic energy resources.

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