US: Terra CO2 has raised US$82m in Series B funding from investors including Eagle Materials, GenZero and Just Climate. The company will build its first commercial facility in Dallas-Fort Worth, Texas, in partnership with Asher Materials.
With the help of Eagle Materials, the company will establish multiple 240,000t/yr plants across North America. The US Department of Energy has also awarded Terra CO2 with a grant of US$52.6m for a second commercial facility. The producer has begun concrete trials of its Opus Zero cement-free product, designed to completely replace ordinary Portland cement in concrete. It will complete a second funding round in the first quarter of 2025.
“This strategic funding from the world’s leading climate funds and industry partners validates our approach to practical cement decarbonisation at commercial scale,” said Bill Yearsley, CEO of Terra. “As we break ground on our first full-scale plant in Texas, their support enables us to accelerate deployment across North America and establish an early footprint in Europe.”
