Carbon Upcycling Technologies secures US$6.15m in financing

Print this page

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.

Last modified on 27 April 2022

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >


© 2022 Pro Global Media Ltd. All rights reserved.