Partnership to transform carbon fiber

Deakin University and LeMond Composites have formed a partnership in a $58 million deal aimed at making carbon fiber more accessible worldwide. Signed by Greg LeMond, three-time Tour de France winner and founder and CEO of LeMond Composites and Deakin University Vice-Chancellor Professor Jane den Hollander AO, the agreement allows LeMond Composites to license new technology from Deakin’s carbon fiber research center, Carbon Nexus. The technology has the potential to reduce the energy used in carbon fiber production by 75 percent and reduce production process time from around 80 to under 15 minutes. In addition, the production machinery required is expected to cost approximately 50 percent less.