Canada: Carbon Upcycling Technologies has secured up to US$10m in financing from US-based ATEL Ventures to support the development of its carbon capture project at Ash Grove’s Mississauga cement plant. The project will capture CO₂ from the plant’s kiln and combine it with local industrial by-products to produce supplementary cementitious materials (SCM). The facility is expected to produce up to 30,000t/yr of SCM once operational in the second half of 2026.
The Mississauga plant produces more than 1Mt/yr of cement and is one of Ash Grove’s largest facilities in Canada. The company said the project will support local construction supply chains and reduce the sector’s climate impact.
Carbon Upcycling aims to to expand globally, planning a demonstration project in Italy that will produce 5000 - 10,000t/yr of SCM, reportedly beginning operations in mid-2026. This will be followed by larger projects in the US and Europe, with planned capacities of 250,000 - 300,000t/yr. Construction for these projects is expected to start in late 2026 to early 2027.