NPM investment FibreMax, a company specialised in the development and production of extremely strong wound fibre cables, and Associated British Ports (ABP), the largest port operator in the United Kingdom, have signed a Memorandum of Understanding (MoU). This agreement aims to explore development opportunities at ABP’s Port of Swansea in South Wales together with emerging opportunities for the Floating Offshore Wind (FLOW) sector in the Celtic Sea.
FibreMax is renowned for its innovative, patented parallel wound (PWT) technology for synthetic cables. These cables are not only lighter than steel cables but also last five times as long. This technology will allow FibreMax to provide a cutting-edge mooring system solution for floating offshore wind turbines. With the Celtic Sea, located north-east of Ireland, poised to become a major site for green energy generation from floating offshore wind (FLOW) turbines, the region will be a strong driver of demand for the offshore wind supply chain.
The collaboration between FibreMax and ABP is expected to create up to 90 full-time jobs via a new bespoke dockside facility. The project will be a major driver of sustainable green energy solutions as well as economic growth for the region as a whole.
More information is available at the FibreMax website.
