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Coal ash fiber company launches fundraising campaign

September 13th, 2021 / By: / In the Industry

GCS Fibers, an environmentally friendly manufacturer based in Virginia, announces the launch of an Indiegogo fundraising campaign for its growth in the U.S. and international markets. The company’s patented technology produces high quality, non-toxic mineral fiber through repurposing coal ash.

GCS is seeking to raise $3.5 million to expand operations and build as many as 100 facilities in the U.S. and elsewhere, worldwide. The company believes that with a successful campaign GCS will be able to resume operations within three months of funding and generate monthly profits of $5 million. 

Each factory can process as much as one million tons of coal ash each year. The factories convert coal ash into six base fibers at a nearly 1:1 ratio of coal ash to mineral fiber in terms of weight. The company says that this represents a significant breakthrough in the ability of the utilities industry to responsibly manage and dispose of high volumes of coal ash without producing toxic waste discharges. 

“Our mission is to restore and conserve our environment by turning harmful coal ash into useful mineral fiber products while generating meaningful jobs throughout our communities of operations,” says Ato Andoh, GCS’ CEO. 

The company repurposes coal ash into high-quality mineral fiber or pulp products.  GCS can convert millions of tons of toxic coal ash (fly ash, bottom ash, boiler slag, wet or dry) each year into 6 base mineral fibers yielding end-products such as paper, brake pads, textiles, building insulation, rubber and plastics, and carbon fiber precursors.