Displaying items by tag: Furno Materials

US: California-based climate technology startup Furno Materials has been awarded US$20m by the US Department of Energy (DOE) for a new ‘low-carbon’ cement production facility in Chicago. The facility will use recycled industrial byproducts to produce cement, with the aim to reduce carbon emissions ‘significantly’, according to the Chicago Business Journal. This investment is part of a broader DOE initiative that is funding 14 projects totalling US$428m, in order to address clean-energy supply chains and boost US manufacturing. The project is expected to create 80 jobs.

US: Furno Materials completed an oversubscribed US$6.5m seed funding round on 13 March 2023. Subsequently, the start-up unveiled plans for its Furno Brick carbon-neutral modular cement plant, which can use a variety of gaseous fuels. The plant scales on demand, drastically reducing the barrier to entry for local or small-scale cement production.

Furno CEO Gurinder Nagra said “At Furno, we have the ability to produce ordinary Portland cement now, to adapt to a range of gas-based fuels and materials innovations as they emerge and to meet demand where it exists, while still abiding by a shifting regulatory landscape. Our mission is to go the distance by innovating at the heart of cement production and operating as a complement to other technological developments in the cement space. Our cement far exceeds ASTM International standards, a bare-minimum quality threshold. While most companies tout meeting these standards and stop there, we have continued to refine our process and are on target to surpass the even higher commercial requirements set by significantly-sized customers eager for our solution.”