Displaying items by tag: CRH Ventures

Canada: Ash Grove, part of CRH, and Carbon Upcycling Technologies have broken ground on a carbon capture and utilisation unit at the Mississauga cement plant in Ontario. The project will use Carbon Upcycling's technology to sequester CO₂ from the cement kiln and use it to turn industrial byproducts into supplementary cementitious materials (SCM). Once operational in 2026, the facility will have the capacity to produce up to 30,000t/yr of SCMs.

"Carbon 1 Mississauga is a milestone in our journey to build world-leading, domestic supply chains in North America. It will stand as a testament to the shared commitment of our team, our partners at CRH and Ash Grove, and the local community who share our vision for a resilient, clean tomorrow,” said Apoorv Sinha, CEO of Carbon Upcycling.

The Carbon 1 Mississauga project is being delivered through a multi-stakeholder collaboration. CRH Ventures, the venture capital unit of CRH, has invested in Carbon Upcycling and is playing a role in scaling the company's technology. The project has been awarded around US$7m in federal government funding from the Next Generation Manufacturing's Sustainable Manufacturing Program, the Environment and Climate Change Canada's Low-Carbon Economy Fund and is receiving advisory services and funding from the National Research Council of Canada Industrial Research Assistance Program.

UK: Cool Planet Technologies has raised €23.7m in a funding round led by Taranis Carbon Ventures, with participation from CRH Ventures and BlueScopeX. This investment will support the development of Cool Planet's ‘low-energy, low-cost’ membrane-based carbon capture technology. It will also go towards the construction of a new membrane manufacturing facility at Holcim’s Höver cement plant near Hannover, Germany, capturing 10,000t/yr of CO₂.

CEO of Cool Planet Technologies Andrew Corner said “We are delighted to have the support of these three new major industrial investors and we want to thank our existing investors for their continued support. We believe that our technology will significantly reduce the cost of carbon capture and help to accelerate its adoption at scale. This investment will enable us to demonstrate both the potential of our technology at scale and how Cool Planet will become a leading player in providing affordable solutions to help decarbonise multiple industries.”

Ireland: CRH has announced the launch of its new innovation investments company CRH Ventures. The new subsidiary has funds of US$250m and will focus on the technologies that address the construction sector's core challenges. The group said that CRH Ventures' investment decisions will assess potential for decarbonisation, automation and the development of advanced sustainable building products, among other factors.

CRH's CEO Albert Manifold said "The launch of CRH Ventures demonstrates our continued commitment to investing in new technologies that will shape the built environment of tomorrow. CRH Ventures will serve as a valuable partner to start-ups and entrepreneurs, which will benefit from the technical capabilities, knowledge and expertise of a global industry leader, to pilot and scale new technologies and innovations that will enable safer, smarter and more sustainable construction.”