Fibracast

About Fibracast

Fibracast, a venture capital-backed company founded in 2010, operates within the water and wastewater treatment industry, serving municipal, industrial, commercial, and developer clients. The firm was established by the original pioneers of immersed hollow-fiber membrane technology, who leveraged over two decades of experience to address persistent issues in conventional ultrafiltration. A significant milestone was the closing of a $44.6 million Series A funding round in October 2023, led by Cycle Capital and Export Development Canada, to expand manufacturing, technology, and marketing efforts. The company's headquarters and state-of-the-art robotic manufacturing facility are located in the Hamilton, Ontario area in Canada.

The core of Fibracast's business is the design, manufacture, and sale of its patented FibrePlate™ membrane technology for water and wastewater treatment. This product is a hybrid that merges the features of hollow-fiber and flat-sheet membranes to overcome common operational problems such as fiber breakage, sludging, and high cleaning frequencies. The FibrePlate™ system consists of horizontally mounted, flexible membrane sheets that provide ultrafiltration, achieving a smaller physical footprint and greater flow than traditional systems. This design allows for a higher packing density and utilizes both aeration and mixed liquor cross-filtration for cleaning, which can lead to reduced operational expenditures, including lower energy and chemical costs. Revenue is generated from the sale of these membrane systems and a suite of related services, including engineering support, preventative maintenance, and remote monitoring.

Fibracast's business model focuses on providing a lower total cost of ownership by improving treatment efficiency and operational reliability. The company's FibrePlate™ technology is engineered to offer significant capital and operational cost savings by reducing the physical space required for installation and lowering energy consumption. The system's design is intended to be robust and operator-friendly, minimizing maintenance needs and simplifying operations. By manufacturing in North America, Fibracast aims to provide clients with rapid delivery and excellent service for initial equipment, expansions, and spare parts. The company has demonstrated its ability to increase plant flow capacity significantly, sometimes by double or more, when retrofitting existing facilities.