EcoMinera

argyris93
Dec 15, 2025
3 min read

Updated: 15 hours ago

Purposeful yachts for people and planet

revision: GoToMarket, 27 Jan 2026

Mission

We’re on a mission to decarbonise the marine industry, notably through the development of a market leading substitute for Fibreglass which has application across the entire marine ecosystem.

Problem

The marine industry uses 4M tonnes of fibreglass per year – this is not commercially recyclable, pollutes the oceans and results in many abandoned vessels – an estimated 24,000 abandoned vessels in EU alone. This is not only an ecological problem – it is also costly with local government spending vast sums of money on vessel removal.

Solution

We have developed a lightweight, fully recyclable composite material using mineral fibre and a bio-based resin. We’ve called this “EcoMinera”. This has already been proven with numerous yachts being built including a record breaking 60foot ocean racing yacht.

Key benefits of EcoMinera over Fibreglass

• Improved strength / stiffness per KG

• Water repellent

• Fire Resistant – (melting point above 1.500C)

• 100% recyclable and low environmental impact in production

• Same cost as Fibreglass (if produced at scale)

Market Opportunity

TAM: The total composites market is $100B, of which $76B is fibreglass.

SAM : Within that, $7.5B is the marine industry where we have proven solutions.

In our current business plan, we aim for $100M in the next 3 years, by using EcoMinera to build

- Expedition sailing yachts for commercial tourism

- Development of EcoMinera as a fire-containment for battery boxes on yachts

- Underwater autonomous vehicles / drones for recreational, research or military use

5. Go-to-Market Strategy

We are focused on developing EcoMinera sales, initially through a licensing model. Our revenue comes in 3 ways:

Design work including full structural / naval architecture for projects involving EcoMinera – this could be new build or refit projects
Licensing fees – we charge an annual licensing fee, which includes training and quality control to businesses who want to use EcoMinera
Margin on product – we sell materials (Resin and Mineral fibre) to businesses so they can build with EcoMinera

We are initially focusing on the Marine sector, especially for commercial or recreational vessels up to 100ft (sail or power), and autonomous marine vehicles.

6. Exit Strategy

The business will be acquired by either a major Composites producer, who can develop the material and supply chain for high volume, non-marine applications such as construction or a shipyard that wishes to acquire our specific composites expertise in the marine sector along with the design rights of the vessels we’ve built.

7. Traction

Milestones achieved:

- Material is trademarked and ready for scale.

- IP is protected as a trade secret

- Open 60 yacht built out of EcoMinera and has completed 30,000mile of testing

- Small scale production of yachts underway

- Forward order book of 14M euro secured with other commercial contracts under discussion.

8. Business Model

We monetise through:

Sales of vessels in the marine sector
Leasing of the Expedition Yachts which includes sponsorship revenue and profit share from their operations.
Licencing of EcoMinera to other users

We invest in:

R&D to develop new use cases for EcoMinera
Marketing to build traction in market

Team

Andrew Cowen : Co-founder 25 years commercial experience, Ex Global Board Unilever, Multiple start-ups Andrew Cowen | LinkedIn

Jim Dobie : Co-founder, Worldwide expedition leader Prior head Fleet operations for Clipper James Dobie MRIN | LinkedIn

Andy Hindley : Technical lead Ex COO America’s Cup, Ex CFO Ben Ainslie Racing, Event Director Volvo Ocean Race Andy Hindley | LinkedIn

Aly Rahimtoola : Investor strategy Serial Entrepreneur with a former career in Investment banking and Shipping Aly Rahimtoola | LinkedIn

Richard Wilson : Chairperson. Experienced Global financial services leader with proven track record of success Richard Wilson | LinkedIn

Funding to date

We have raised approximately £300k through a seed round with numerous individuals contributing. We have secured a £1.7M euro financing facility via a Dubai based finance partner which can be used to support the cash cycle when we produce the first yacht for sale.