Displaying items by tag: Betolar

India: Three new Indian concrete companies have separately secured agreements for the use of Finland-based Betolar’s Geoprime alkali-activated slag and fly ash additive. Reuters News has reported that the companies are Balaiji Cement Products, Shiv Tiles and SNEH Precast. Engineering company Godrej & Boyce has also signed a letter of intent with the supplier for pilot production of concrete blocks, paving slabs and other elements.

Betolar expects producers to achieve global concrete production volumes of 250,000t/yr of concrete containing Geoprime by 2023.

Finland: Betolar has signed a letter of intent with Australia-based RISAB and the Vanadium Recovery Project to research the use of steel slag from which vanadium has been extracted in concrete production. Dow Jones Institutional News has reported that the company says that, through it Geoprime alkali-activated additive technology, the new slag source could replace 10% of the cement used in concrete production in Finland.

CEO Matti Löppönen said "We see a huge opportunity for Betolar here. If successful, we would be able to offer our customers a specific, currently unused slag of the steel industry to replace cement in concrete. Our customers already have experience in utilising other types of slag in the production of concrete using Geoprime. Utilising new side streams will expand the reach of our solution as planned.”

Betolar launched Geoprime in September 2021. It is currently developing a recipe-optimising artificial intelligence (AI) and data platform to bring together concrete producers and suppliers of slag, ash and other materials.

Finland: Betolar has announced the commencement of trading in its shares on the Nasdaq Helsinki exchange. Betolar launched its Geoprime alkali-activated slag and fly ash-based concrete additive in September 2021.

Tero Ojanperä, chair of Betolar’s board of directors, said “The company has so far been developed with a strong ownership with the aim of creating a significant position for Betolar in the global cement market. The share issue expands our shareholder base and provides a significant capital injection to accelerate Betolar's internationalisation.” He continued “The oversubscription of the share issue signals the market's strong belief that effective market-based solutions to the climate crisis can be found. We thank all the retail and institutional investors who participated in the share issue for their trust."

CEO Matti Löppönen added “The outstandingly successful share issue provides Betolar’s executive management with a supportive mandate to start promoting the green transition in various industries globally. At the same time, it also obliges us to steer the company in line with our strategy, in which trust is constantly strengthening among shareholders and customers, as well as society decision-makers.” He concluded “The Betolar team is strongly committed to taking the growth company to the next level.”

Finland: Betolar has launched Geoprime, an alkali-activated additive for slag and fly ash used in concrete production. The company says that the product will enable concrete production from raw materials with 80% lower CO₂ than ordinary Portland cement (OPC).It aims to meet the growing demand for sustainable and cost-effective construction materials. Geoprime enjoys fast global scaling potential thanks to Betolar’s intellectual property licensing business model, which enables the use of existing production facilities, according to the company.

Chief executive officer Matti Löppönen said “We have seen a massive shift in the concrete manufacturing and construction industries driven by investor pressure for environmental, social and governance data transparency and Net Zero commitments, and now people are keen to hear what we have to offer.”