Fibernx

What Fibernx does

Fibernx Technologies (Fibernx) is a Vancouver-based advanced materials startup that converts bitumen and asphaltene, byproducts of Alberta's oil sands, into carbon fiber and carbon nanofiber using a proprietary continuous carbonization process. The platform was developed at the University of British Columbia by Dr. Yasmine Abdin, Dr. Frank Ko, and Dr. Scott Renneckar, leading to Fibernx's official launch in May 2024; the company achieved the world's first continuous carbonized carbon fiber production from asphaltene precursors on its continuous carbonization line in June 2026. Fibernx claims a manufacturing cost of under $12 per kilogram and a 68% reduction in greenhouse-gas emissions per kilogram of fiber versus conventional polyacrylonitrile (PAN)-based carbon fiber.

Fibernx sells two product families: S-Series carbon fibers for structural applications in automotive, marine, wind energy, and pipelines and pressure vessels, and F-Series carbon nanofibers for energy storage, sensors, smart buildings, and electromagnetic-interference (EMI) shielding. Operations began in late 2025 at InnoTech Alberta's carbon fiber processing facility (the first such plant in Canada), where the team produced the first carbon fiber tow manufactured in Canada. The company targets nine end-market verticals on its website (automotive is primary), with reported per-million-barrel GHG-reduction potential of 65 million tonnes per year from substituting feedstock toward carbon fiber production.

Fibernx operates a B2B, sales-led go-to-market model, reaching industrial customers via website contact forms, email inquiries, and datasheet requests. Pricing is custom-quoted under multi-year contracts with no public list prices. The company has raised a $1 million oversubscribed pre-seed round (August 2025), with disclosed participation from Kyoto Research Park and Plug and Play Japan, and has been recognized in the New Ventures BC top-10 (2024) and as a CDL Vancouver graduate (2025). Leadership consists of co-founder and CEO Omar Elnikheli, co-founder and COO Dr. Yasmine Abdin, and CTO Dr. Scott Renneckar, with 1–10 employees. Fibernx is pre-revenue with no disclosed commercial customer logos or production contracts as of the available data.

Name

Fibernx

Legal name

Fibernx Technologies Inc.

Website

https://fibernxtech.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Fibernx Technologies is a Vancouver-based advanced materials startup producing carbon fiber and carbon nanofibers from Alberta oil sands bitumen via proprietary continuous carbonization, serving industrial customers in automotive, marine, wind energy, energy storage, and sensor applications.

Ownership category

akta.pro rank

Product category

Advanced Carbon Fiber Materials

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (32522), Artificial and Synthetic Fibers and Filaments Manufacturing (325220)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820)

akta.pro primary industry

Carbon‑Based Carbon Materials (graphite, carbon black, CNTs, graphene from CO₂/CO) (EUABAIAG)

Keywords

• Carbon fiber materials
• Carbon nanofiber products
• Advanced composite materials
• Sustainable carbon fiber
• Lightweight structural materials

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Operations, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Carbon Fiber Products (S-Series): Sale of S-Series carbon fiber products to industrial customers in automotive, marine, wind energy, pipelines, and other structural applications. Products are sold directly to end-user companies for validation and commercial contracts.
2. Carbon Nanofiber Products (F-Series): Sale of F-Series carbon nanofiber products for sensors, energy storage, EMI shielding, and smart building applications. Products are sold as technical materials to manufacturers and technology companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Fibernx manufactures and sells advanced carbon fiber (S-Series) and carbon nanofiber (F-Series) materials derived from bitumen and asphaltene feedstocks sourced from oil sands byproducts. The company uses a proprietary continuous carbonization process to produce low-cost, low-emission carbon materials for structural applications (automotive, marine, pipelines, wind energy) and electronic/sensing applications (sensors, energy storage, EMI shielding, smart buildings).

Product overview

Fibernx offers two core advanced carbon material product lines built on a shared platform technology: S-Series Carbon Fibers for structural and mechanical applications, and F-Series Carbon Nanofibers for electronic, sensing, and energy storage applications. The S-Series targets industries requiring high tensile strength and lightweight properties (automotive, marine, pipelines, pressure vessels, EMI shielding), while the F-Series focuses on applications requiring electrical conductivity and sensitivity (sensors, smart buildings, energy storage, carbon capture). Both product families are derived from bitumen/asphaltene feedstocks, positioning Fibernx as a sustainable alternative to conventional PAN-based carbon fiber manufacturing.

Differentiator

Problem solved

Functional benefit

Brands

• S-Series Carbon Fibers: Carbon fiber products designed for structural applications including automotive, marine, wind energy, pipelines, and pressure vessels.
• F-Series Carbon Nanofibers

Products and services

• S-Series Carbon Fibers Advanced carbon fiber materials designed for structural applications in automotive, marine, pipelines, pressure vessels, and wind energy. Offers exceptional tensile strength, lightweight properties, and corrosion resistance for industrial customers seeking high-performance structural composites.
• F-Series Carbon Nanofibers Carbon nanofiber materials designed for sensors, smart buildings, energy storage, and EMI shielding applications. Offers high surface area, electrical conductivity, and mechanical strength for manufacturers of detection devices, IoT components, batteries, supercapacitors, and electronic shielding products.

Quantifiable outcome

• 68% reduction in GHG emissions per kilogram of fiber compared to conventional PAN carbon fibers
• +3 more outcomes

Segments10 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• InnoTech AlbertacoreStrategic or Co-development Partner · 2 December 2025InnoTech Alberta opened Canada's first carbon fiber processing facility. Fibernx's COO Dr. Yasmine Abdin attended the grand opening, and Fibernx subsequently operated on-site at the facility, producing the first carbon fiber tow made in Canada. This partnership enables Fibernx to demonstrate production capabilities, study production economics at larger scale, and produce tows for end-user validation and commercial contracts.
• CDL Vancouver (Creative Destruction Lab)coreStrategic or Co-development Partner · 8 May 2025Fibernx graduated from CDL Vancouver, a nine-month accelerator program for science-based ventures. During the program, Fibernx worked with world-class mentors and connected with experts while focusing on their mission to turn Alberta's bitumen into sustainable, high-performance carbon materials. CDL provides mentorship, expertise, and network access to support venture growth.
• New Ventures BCminorGTM or Marketing Partner · 5 September 2024Fibernx qualified for round 4 in the New Ventures BC competition and was recognized as one of the top 10 startups in BC for 2024. New Ventures BC is a startup competition that provides visibility, mentorship, and support for promising technology ventures in British Columbia.
• University of British Columbia (UBC)coreStrategic or Co-development Partner · 30 June 2023Fibernx originated from research at UBC's Faculty of Applied Science. Co-founders Dr. Yasmine Abdin, Dr. Frank Ko, and Dr. Scott Renneckar developed the breakthrough technology to transform bitumen into carbon fiber. The company's platform technology was developed through academic research at UBC's Materials Engineering department.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Market position

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fibernx