Recycling specialist MIT-RCF becomes Carbon Conversions

The name change is designed to emphasize the company's emphasis on the supply of high-quality, advanced materials.

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Carbon fiber recycling specialist MIT-RCF LLC (Lake City, SC, US) reports that it has completed its transition to Carbon Conversions Inc. On June 30, 2015, the company completed the transition in conjunction with a multimillion dollar capital investment by Toyota Tsusho America Inc. (New York, NY, US), Advanced Technology International, an SCRA affiliate (Summerville, SC, US) and a European Family Office affiliated with Alpheus Capital (Charlotte, NC, US). Cary Street Partners (Greensboro, North Carolina) advised MIT-RCF throughout the process.

Following the formation of Carbon Conversions, the board of directors promoted MIT-RCF’s president Mark Mauhar to CEO and president of Carbon Conversions. Commenting on the recent capital investment, Mauhar says, “This investment helps us transition the company from a recycler of carbon-rich materials to a high-quality, advanced materials supplier. We are able to convert virtually any source of carbon fiber excess into goods readily consumed in the composites industry.”

Carbon Conversions will continue to operate from its 9,290m2 plant and warehouse in Lake City, adding a composites research and development lab on its current site to accelerate its product and process development activities. A plant capacity expansion of 35% is scheduled to come online during the first quarter of 2016.

Carbon Conversions recycles carbon fiber-reinforced materials and parts and incorporates reclaimed carbon fiber in advanced materials. These materials are used to manufacture new, high-performance parts for automotive, aerospace, sports equipment and electronics applications.