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News Carbonaide raises Euro1.8m for carbon neutral precast concrete production

Carbonaide raises Euro1.8m for carbon neutral precast concrete production

Written by Global Cement staff 28 March 2023
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Finland: VTT Technical Research Centre subsidiary Carbonaide has concluded its seed funding round, having raised funds worth Euro1.8m. Lakan Betoni, which produces precast and ready-mix concrete, led the funding, along with utilities provider Vantaa Energy. Carbonaide will use the funds to build an industrial pilot plant for its carbon neutral precast concrete product at an existing precast concrete plant in Hollola. The plant will bind captured CO2 in the product at atmospheric pressure. The process generates 50% lower CO2 emissions than precast concrete production using ordinary Portland cement (OPC). Suitable raw materials include ground granulated blast furnace slag (GGBFS), green liquor dregs and bio-ash. In trial production, the use of GGBFS gave Carbonaide's concrete a negative carbon footprint of -60kg/m3.

Other sources of loans and in-kind contributions included Finnish state innovation fund Business Finland.

Last modified on 29 March 2023
Published in Global Cement News
Tagged under
  • Finland
  • VTT Technical Research Centre
  • Carbonaide
  • Vantaa Energy
  • Lakan Betoni
  • Finance
  • investor
  • funding
  • Loan
  • Sustainability
  • CO2
  • CCS
  • CCUS
  • precast
  • Alternative raw materials
  • ground granulated blast furnace slag
  • green liquor dregs
  • bioash
  • Waste
  • circular economy
  • GCW601
  • carbon capture
  • decarbonisation
  • carbon capture
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