UK: Material Evolution has secured a venture debt facility from HSBC Innovation Banking UK to support the development and scaling of its ‘ultra-low CO₂’ cement technology.
The producer uses alkali fusion and AI-powered design to manufacture its MevoCem product, which the company says reduces CO₂ emissions by up to 85% compared to ordinary Portland cement. The venture debt facility will reportedly be used to help ‘grow the company’s commercial traction’, according to a press release.
