Cemex invests in carbon utilization start-up
Mar 4, 2024 23:27:18 GMT -5
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Post by account_disabled on Mar 4, 2024 23:27:18 GMT -5
Cemex invests in carbon utilization start-up
Cemex Ventures, the corporate venture capital arm of Cemex, has invested in a startup that specializes in carbon utilization technologies for the cement industry.
Canada-based Carbon Upcycling Technologies has developed a new way to convert industrial waste , such as fly ash, crushed glass, steel slag and graphite, into usable solid products.
Carbon Upcycling's patented technology infuses carbon into industrial waste through a shredding process. The patented process, called mechanically assisted chemical exfoliation (MACE), creates more reactive complementary cementitious materials.
Described as "another step" towards decarbonizing its cement production processes, Cemex said the materials produced by the process can be used to replace clinker in cement production. This would allow it to produce cement and concrete with “CO reductions of up to %.”
Gonzalo Galindo, Director of Cemex Ventures, said: “Our investment in Carbon Upcycling allows us to harness the utilization of CO in construction materials and transform industrial waste into sust C Level Executive List ainable construction materials resources.
“Our investment in Carbon Upcycling is another step in our roadmap to decarbonize the cement production process and achieve carbon neutrality by ”
The production of clinker, the main component of cement, is the most carbon-intensive part of the cement manufacturing process. Adding clinker substitutes without compromising the strength attributes of cement is a critical challenge to the industry's decarbonization efforts.
Cemex's investment in Carbon Upcycling Technologies will allow the startup to continue its development work and scale the use of the technology, with the aim of reducing dependence on clinker in cement production.
The building materials manufacturer, which has worked with the startup since as part of its 'Future in Action' program, will also fund the commercial launch of the carbon utilization solution at cement facilities in North America, Europe and Asia.
Apoorv Sinha, CEO of Carbon Upcycling, said: “We are on track to become the most impactful carbon utilization company of this decade, and we are delighted to have Cemex and other investors on board with us.”
Cemex Ventures, the corporate venture capital arm of Cemex, has invested in a startup that specializes in carbon utilization technologies for the cement industry.
Canada-based Carbon Upcycling Technologies has developed a new way to convert industrial waste , such as fly ash, crushed glass, steel slag and graphite, into usable solid products.
Carbon Upcycling's patented technology infuses carbon into industrial waste through a shredding process. The patented process, called mechanically assisted chemical exfoliation (MACE), creates more reactive complementary cementitious materials.
Described as "another step" towards decarbonizing its cement production processes, Cemex said the materials produced by the process can be used to replace clinker in cement production. This would allow it to produce cement and concrete with “CO reductions of up to %.”
Gonzalo Galindo, Director of Cemex Ventures, said: “Our investment in Carbon Upcycling allows us to harness the utilization of CO in construction materials and transform industrial waste into sust C Level Executive List ainable construction materials resources.
“Our investment in Carbon Upcycling is another step in our roadmap to decarbonize the cement production process and achieve carbon neutrality by ”
The production of clinker, the main component of cement, is the most carbon-intensive part of the cement manufacturing process. Adding clinker substitutes without compromising the strength attributes of cement is a critical challenge to the industry's decarbonization efforts.
Cemex's investment in Carbon Upcycling Technologies will allow the startup to continue its development work and scale the use of the technology, with the aim of reducing dependence on clinker in cement production.
The building materials manufacturer, which has worked with the startup since as part of its 'Future in Action' program, will also fund the commercial launch of the carbon utilization solution at cement facilities in North America, Europe and Asia.
Apoorv Sinha, CEO of Carbon Upcycling, said: “We are on track to become the most impactful carbon utilization company of this decade, and we are delighted to have Cemex and other investors on board with us.”