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News UK startup Cocoon raises €4.9m to decarbonise cement industry

UK startup Cocoon raises €4.9m to decarbonise cement industry

Written by Global Cement staff 13 August 2024
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UK: UK-based startup Cocoon has raised €4.9m in pre-seed funding to develop technology that repurposes byproducts from electrified steel furnaces into a ‘near-identical replacement’ for blast furnace slag, according to the company. The modular technology integrates into existing steel-making processes without disrupting operations or requiring high capital expenditure, reports UK Tech News. Cocoon targets a 50% replacement of cement in concrete, aiming to reduce emissions for producers. Initial tests are underway at a steel plant in northern England, followed by another in the US.

Cocoon CEO Eliot Brooks said "We’re turning a byproduct with little use into a valuable product that the market badly needs and can be easily integrated into existing supply chains. By repairing a broken link in the circular economy, Cocoon provides steel makers with a new revenue stream while meeting the low-carbon material needs of the concrete industry. For every 1t of Cocoon’s slag-based cementitious material used, 1t of CO₂ can be avoided."

Brooks hopes Cocoon's climate technology will be integrated into a pilot plant by late 2025.

Last modified on 14 August 2024
Published in Global Cement News
Tagged under
  • UK
  • Cocoon
  • funding
  • steel
  • GBFS
  • Slag
  • Slag cement
  • concrete
  • decarbonisation
  • supplementary cementitious materials
  • Sustainability
  • startup
  • GCW672
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