Manufacturing Industry
CONOCOPHILLIPS DROPS OUT OF CARBON FIBER BUSINESS BEFORE IT EVEN REALLY ENTERS.
Advanced Materials & Composites News, February, 2003
After two years of intense effort and more than a decade of research, Houston-based ConocoPhillips Inc. said today that it is dropping its plans for pitch-based carbon fibers. The company's product was a form of the fiber that looks like steel wool, and they found too little demand for this form of CF compared to the continuous carbon fibers sold by other producers.
In December 2000, (then called Conoco, Inc.) the company announced the opening of an office in Tokyo to market the unique carbon fiber made from a pitch by-product that flows from petroleum processing. It had previously announced an 8-million lbs per year capacity carbon fiber manufacturing plant in Ponca City, Oklahoma, with a heavy television advertising campaign that followed. The plant was to...
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