Displaying items by tag: Carbon Upcycling Technologies

Canada: Canada-based carbon capture, utilisation and storage (CCUS) company Carbon Upcycling has been admitted to the Portland Cement Association (PCA). This new membership aims to support industry efforts to achieve carbon neutrality. The US Department of Energy previously announced over US$1.2bn in funding for PCA member companies to launch decarbonisation projects under recent federal initiatives. Carbon Upcycling has been developing a commercial CCS system at CRH’s cement plant in Mississauga.

PCA president and CEO Mike Ireland said "We are thrilled to have Carbon Upcycling join us as a member of the PCA, given our shared commitment to sustainability. Their efforts are helping the cement industry increase circularity and advance the industry's commitment to achieving carbon neutrality."

CEO of Carbon Upcycling Apoorv Sinha said "The most effective and credible pathway to decarbonising the cement industry is through strategic partnerships and collaboration with long-time industry leaders in the infrastructure sector. Joining the PCA underscores our commitment to advance sustainable practices and substantially reduce carbon emissions. We look forward to forging a low-carbon, resilient future with our fellow members."

Canada/UK: Carbon Upcycling has raised US$26m in a Series A funding round. The clean tech company says that the funding will support its construction of planned carbon capture systems at CRH's Mississauga cement plant in Canada and Cemex UK's Rugby cement plant in the UK. Carbon Upcycling’s technology injects captured CO₂ into industrial byproducts and minerals to produce supplementary cementitious materials. BDC Capital and Climate Investment led the funding round, with strategic investments from Cemex Ventures, CRH and Oxy Low Carbon Ventures.

Carbon Upcycling chief executive officer Apoorv Sinha said "Closing this round is a major milestone on the road to becoming the most impactful carbon tech company of this decade.” He continued “Over the next year, our mission is to demonstrate our technology's versatility, scalability and operational elegance. Significant, cost-effective decarbonisation potential in the cement industry is possible without a green premium.”

Mexico-based Cemex first invested in Carbon Upcycling via its venture capital unit Cemex Ventures in February 2022. Its said “Cemex is committed to supporting decarbonisation for the built environment, and our follow-on investment in Carbon Upcycling demonstrates such ambition. Carbon Upcycling provides a scalable solution that effectively reduces the carbon footprint of cement. Increasing the supply and use of cementitious materials aligns with Cemex’s goals of reducing CO₂ emissions and becoming fully net-zero by 2050”

The collaboration between Carbon Upcycling and Cemex dates to early 2020, and work towards a commercial-scale plant at the Rugby cement plant commenced in June 2022. The project will target a capture capacity of 1600t/yr, and has secured US$2.96m in government funding from UK Research and Innovation. Cemex says that it will subsequently roll out further CO₂ mitigation projects in partnership with Carbon Upcycling at cement plants across Europe, the Middle East and Africa, Mexico and the US.

Canada/UAE: Supplementary cementitious materials (SCMs) producer Carbon Upcycling Technologies has signed a strategic partnership agreement with technical consultancy A³&Co. The partners will now work towards the delivery of an SCM enhancement reactor that bolts on to existing cement plant equipment. Canada-based Carbon Upcycling Technologies expects to be able to offer the technology to global cement industry customers by March 2025.

Carbon Upcycling Technologies CEO Apoorv Sinha said "We look forward to collaborating with A³&Co. Their extensive experience working with over 125 facilities across the globe will prove invaluable as we continue to adapt our technology for seamless integration at cement plants, enabling onsite sequestration and utilisation of CO₂."

World: The Global Cement and Concrete Association (GCCA) has named its first six startups to receive backing under the inaugural Innovandi Open Challenge. The startups have partnered with GCCA members to help increase cement’s sustainability towards achieving net zero CO₂ concrete production by 2050. This will lead to the formation of six consortia to further test, develop and deploy their new technologies.

Carbon capture, utilisation and storage (CCUS) startups CarbonOrO, MOF Technologies and Saipem, all based in Europe, are among the participants. GCCA members are currently involved in dozens of pilot projects and aim to have 10 industrial-scale carbon capture plants installed by 2030. Other startups Carbon Upcycling Technologies and Fortera, from Canada and the US respectively, use captured CO₂ to produce low-carbon cement and cementitious materials, while UK-based Coomtech has developed a low-cost drying technology using turbulent air.

GCCA CEO Thomas Guillot said “It’s a proud moment to see the industry coming together to support such innovative start-ups on their journey. Our member companies were greatly impressed by their ambition to be a key part of the climate solution. The programme is another big step forward towards unlocking innovation to help us achieve our net zero goal.” He continued “As the need for resilient and sustainable communities to support a growing global population becomes more pressing , cement and concrete will be essential to providing the infrastructure and buildings that society needs. Achieving net zero concrete relies on a number of different groups playing their part, and as an industry we’re looking outwards as well as inwards, to see how start-ups like these can support our goals.”

Canada: Carbon Upcycling Technologies has secured US$6.15m in financing from a group of companies led by Clean Energy Ventures, Cemex Ventures, Amplify Capital and Oxy Low Carbon Ventures (OLCV). The investment round includes participation from Zero Carbon Partners, Purpose ESG, Clean Energy Venture Group, Fund for Sustainability and Energy, Prithvi Ventures, Bryan Trudel, and Mark and Faye McGregor. Carbon Upcycling intends to use the funding to grow its team and build its second commercial-scale facility in North America, with a production capacity of over 200t/day of its cement and concrete additive. Carbon Upcycling sequesters CO₂ in secondary cementitious materials such as fly ash, which are then used in cement or concrete production.

Canada: Lafarge Canada has signed a non-binding memorandum of understanding with carbon utilisation company, Carbon Upcycling Technologies. The agreement allows for the potential integration of Carbon Upcycling’s CO₂-embedded concrete additive into Lafarge operations and will explore opportunities to expand Carbon Upcycling’s operating capacity by developing larger processing facilities.

Carbon Upcycling produces an additive that makes concrete both stronger and more sustainable with the ability to reduce the carbon footprint of concrete by up to 25% on a lifecycle basis. Carbon Upcycling’s involvement into construction materials began in 2018 through its participation in the LafargeHolcim Accelerator program, which aimed to accelerate the growth of innovations in the building materials industry.

The deal aligns with Lafarge's Net-Zero 2030 pledge to accelerate green construction and combat the climate change crisis with low carbon concrete and circular economy solutions, and Carbon Upcycling goal to reduce overall CO₂ emissions by 600Mt by 2030.

Mexico: Cemex has signed an agreement with Canada-based Carbon Upcycling Technologies to “improve the processing of residue or by-products of industrial processes to produce nanomaterials.” Carbon Upcycling Technologies’ equipment increases the cementitious properties of residues such as fly ash and steel slag by physical processing them into nanomaterials and adding captured CO₂, enabling the partnership to produce concrete additives with “greater reactivity and a lower carbon footprint” than their raw materials.

Cemex Ventures Head Gonzalo Galindo said, "This agreement with Carbon Upcycling Technologies is yet another example of our determination to deliver net-zero CO₂ concrete products globally by 2050. Our roadmap to achieve this global ambition involves continuing to innovate our technology internally while continuing to seek complementary innovation outside of Cemex through investments in start-ups, consortia, and high-value collaboration agreements such as the one reached with Carbon Upcycling Technologies."