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News Fortera secures new funding for low-carbon cement production

Fortera secures new funding for low-carbon cement production

Written by Global Cement staff 20 August 2024
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US: Fortera has raised US$85m in a funding round to increase its production of ‘low to zero-carbon’ cement, Bloomberg reports. New investors include Wollemi Capital, Saint-Gobain venture capital arm NOVA, Presidio Ventures and Alumni Ventures, alongside existing investors Khosla Ventures and Singapore state fund Temasek.

The startup, valued at US$355m, utilises a technology that captures CO₂ emissions from traditional cement production and converts them into a mineral form for low-carbon cement. Fortera's first industrial ‘green’ cement plant operates at CalPortland's facility in Redding, California.

Last modified on 21 August 2024
Published in Global Cement News
Tagged under
  • US
  • Fortera
  • funding
  • low carbon cement
  • decarbonisation
  • Sustainability
  • investor
  • startup
  • GCW673
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