Vartega and Mines Awarded $150k Colorado Grant

OEDIT grants $4.6 million to Colorado organizations

DENVER, Colo., February 12, 2016 -- Vartega Carbon Fiber Recycling LLC, in collaboration with research partner Colorado School of Mines (Mines), was yesterday awarded a $150,000 Colorado Office of Economic Development and International Trade (OEDIT) Advanced Industry Accelerator (AIA) Proof-of-Concept (POC) grant. The grant funding will be used to continue development of Vartega's novel solvolysis process to recycle scrap and expired carbon fiber preimpregnated fabric. The principal investigator for the project will be Dr. Jason Porter.

Vartega is excited to be able to partner with Dr. Porter and the team at Colorado School of Mines in continuing our R&D efforts. Mines is well known for their world-class research facilities and they bring a unique skillset which allows us to multiply our existing efforts. The relationships the university has with NREL and IACMI are also extremely valuable to our ongoing development.
— Andrew Maxey, President & CEO of Vartega Carbon Fiber Recycling



Vartega Carbon Fiber Recycling LLC is a recycler of advanced materials – specifically strong and lightweight carbon fiber – used in the aerospace, automotive, wind energy, and sporting goods industries. Founded in July 2014, Vartega has grown to a team of four and has developed patent pending recycling technology to address the 15,000 metric tons of carbon fiber waste that is being landfilled and incinerated every year. Vartega’s technology uses a low energy chemistry-based process to free carbon fiber filaments for use in carbon fiber nonwoven fabrics, yarns, thermoplastic pellets, and 3D printing filaments. Materials utilizing Vartega’s low-cost recycled carbon fiber can be used to lightweight automobiles resulting in improved fuel economy and reduced emissions. Vartega plans to divert 1000s of tons of carbon fiber waste from landfill and incineration over the next several years. For more information, visit



Colorado School of Mines is a highly selective public research university offering bachelor’s, master’s and doctoral degrees in engineering and applied sciences. Mines is internationally recognized for its education and research programs focusing on stewardship of the earth and its resources, developing advanced materials and applications, addressing the earth’s energy challenges, and fostering environmentally sound and sustainable solutions. Learn more at



The Advanced Industry Accelerator Programs (AIA) were created in 2013 to promote growth and sustainability in Colorado's advanced industries by driving innovation, accelerating commercialization, encouraging public-private partnerships, increasing access to early stage capital and creating a strong infrastructure that increases the state's capacity to be globally competitive. AIA encompasses three distinct grant programs: Proof of Concept, Early Stage Capital and Retention, and Commercialization Infrastructure.