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Basanite plans to scale up its basalt fiber, corrosion-proof, sustainable alternative to steel

Basanite plans to scale up its basalt fiber, corrosion-proof, sustainable alternative to steel

Basanite Inc. (OTCQB:BASA) Interim CEO Simon Kay tells Proactive the manufacturer of environmentally friendly, high-performance construction material made from basalt fiber and basalt fiber reinforced polymer plans to scale up production of product on the back of two strategic partnerships.

Kay says the group recently announced a supply agreement with Concrete Products of the Palm Beaches, Inc along with a distribution agreement with U.S. Supplies, Inc.