Displaying items by tag: Eco Material Technologies

US: Eco Material Technologies has announced the opening of the Blissville Rail Terminal in Queens, New York. The new terminal will enable Eco Material to distribute approximately 50,000t/yr of fly ash from its national network to support local infrastructure projects in the New York metro area. The terminal will utilise rail transportation to deliver fly ash and cementitious materials, which the company says can replace up to 25% of carbon-intensive Portland cement in standard concrete mixes, with Eco Material's technologies reportedly allowing for up to 100% replacement in select applications.

"The opening of the Blissville Terminal is a major step in our efforts to expand access to low-carbon cement alternatives in all major metro areas, " said Grant Quasha, CEO of Eco Material Technologies. "By strengthening our presence in New York, we can better serve future infrastructure projects with innovative materials that reduce reliance on traditional Portland cement and imported steel slag.”

US: Eco Material Technologies has secured a US$800m green term loan facility. The facility will mature in 2032. Eco Material Technologies will invest the funds in expansion to its supplementary cementitious materials (SCM) production capacities, to raise them to 20Mt/yr.

The company noted the oversubscription of the raise as demonstrative of high confidence in its proposition for the decarbonisation of cement and concrete.

US: Eco Material Technologies has won a contract with Georgia Power to mine 600,000t/yr from the energy company’s Plant Bowen ash dump in Cartersville, Georgia. Eco Material Technologies will use the ash to produce its 99% reduced-CO₂ building materials, including an alternative cement with 20% greater compressive strength than ordinary Portland cement (OPC) after 28 days, according to the company.

Grant Quasha, CEO of Eco Material Technologies, said "As the largest partnership of its kind in the US, this project will not only use material from landfills and ash ponds, but also keep millions of tonnes of CO₂ from going into the atmosphere."

US: Eco Material Technologies, a producer of sustainable cementitious materials, has opened its Kirkland Pozzolan Mine in Yavapai County, Arizona. The 40-hectare site is one of the largest natural pozzolan mines in the US.
"We are excited for the opening of the Kirkland Pozzolan Mine, which will benefit not only Yavapai County but all of Arizona as well as the surrounding region," said Grant Quasha, CEO of Eco Material Technologies. "Without the support of elected officials, including Governor Doug Ducey, Senator Mark Kelly, State Senator Karen Fann and State Representative Quang Nguyen, we would not be celebrating this milestone achievement."

The event also recognised the hard work and dedication of the plant's employees, as well as Eco Material's contributions to the area including bringing wireless internet service to the surrounding community, planting new trees and generating significant tax revenue for the state.

US: Eco Material Technologies has successfully completed its acquisition of near-zero carbon cement alternatives producer Green Cement. Eco Material Technologies previously agreed to acquire Boral’s US fly ash business in December 2021, a transaction which it expects to conclude in 2022.

US: Australia-based Boral has agreed to sell its US fly ash business to Eco Material Technologies for US$755m. The parties expect to conclude the transaction by the start of 2023. The proceeds of the sale will add to Boral’s surplus capital.

Boral’s chief executive officer Zlatko Todorcevski said “Together with the sale of our North American building products business and our stake in Meridian Brick, we will have divested the North American businesses for more than US$3bn.” He added “This is a significant milestone that supports our strategy to refocus on our construction materials business in Australia.”