Displaying items by tag: GCW631
CirCap-led consortium invests in Nanogence
19 October 2023Switzerland: Reduced-CO2 cement catalyst developer Nanogence has secured an undisclosed sum from a consortium of investors led by investment fund CirCap. Nanogence’s catalyst reduces the CO2 emissions of cement production by 40%, without changing production processes. Tech EU News has reported that the catalyst is capable of increasing cement’s strength and durability compared with that of ordinary Portland cement (OPC) produced without it. Prior to the latest financial development, the company had raised US$2.7m-worth of funding.
CEO Abhishek Kumar said “We are excited to receive the support from incoming renowned investors in this essential journey to accelerate the transition towards a low carbon built world. With growing demand worldwide, we need to align with like-minded strong backers for our growth phase.”
Two die in shooting at Iskandarabad cement plant
19 October 2023Pakistan: The deputy general manager and a plant engineer of a cement plant in Iskandarabad died after being shot by a colleague on 18 October 2023. The shooter was a chemical engineer at the plant, who shot the men after ‘flaring up’ in a meeting. Emergency services took a third victim, an engineer, to hospital for treatment. The Dawn newspaper has reported that police are investigating the tragedy, including the matter of how the shooter managed to enter the plant armed.