Natural Fiber Composites Corporation (NFCC) will receive a $1,483,530 Innovation Ohio Loan for machinery, computers, office equipment and intellectual property protection costs.
NFCC was recently formed by the principals of Engineering Mechanics Corporation of Columbus (EMCC) to commercialize a technology involving natural composites as reinforcements for plastics and composites. These natural fibres such as flax, kenaf and jute have similar mechanical properties to fibreglass, and are from renewable resources.
The company proposes to build and install a pilot plant to produce Natural Fiber Reinforced Plastic. The plant will have a capacity of six million pounds a year and NFCC expects to grow the production in the first two years to full pilot-plant capacity. This $1.9 million project is expected to create 16 jobs at the project site within the first three years of the project’s initial operation.
Source: NetComposites.com Oct 03, 2006.