Displaying items by tag: startup
Global: The Global Cement and Concrete Association (GCCA) has received nearly 100 applications from worldwide tech start-ups for its Innovandi Open Challenge, which targets the decarbonisation of cement and concrete. This year's challenge is centred on carbon capture, utilisation and storage (CCUS) technologies.
Thomas Guillot, GCCA’s Chief Executive, said "There are already more than 100 CCUS cement industry pilots, projects and announcements in the pipeline across the world – with the world’s first commercial scale carbon capture and storage plant set to complete later this year. Innovation will help our industry to deploy this technology further and faster."
Claude Loréa, GCCA’s Cement, Innovation and ESG Director, said "It’s really encouraging to see nearly 100 applications for our Innovandi Open Challenge and from all parts of the world. As well as the US, UK and India, we’ve received applications from China, Greece and Australia for the first time. It demonstrates the high level of interest in working with our industry to make cement and concrete net zero. We’re looking forward to assessing all the applications, in detail."
The association, alongside over 50 experts from member companies, will now review and shortlist the most deployable technologies, offering shortlisted start-ups access to key industry resources and networks.
Siam Cement Group gains 3% stake in Avantium
12 February 2024Netherlands: Siam Cement Group has acquired new shares in electrochemistry start-up Avantium through its affiliate Senfi Ventures. Reuters has reported that the Thailand-based group now holds a 3% stake in Avantium, through total investments of US$4.82m.
Avantium’s technologies include the Volta system, which produces commercial chemicals using captured CO2. Avantium previously tested the system at a Titan Cement Group cement plant in Greece.
Mexico: Cemex Ventures, the corporate venture capital and open innovation unit of Cemex, has published its fifth annual Top 50 Contech Startups list for 2024. The Top 50 lists the start-ups operating in the global construction technology sector that Cemex Ventures believes show the greatest disruptive potential. The unit evaluates start-ups across four strategic areas: green construction; enhanced productivity; construction supply chain; and future of construction.
In 2023, global construction technology investments totalled US$3.03bn, down by 44% year-on-year due to macroeconomic factors impacting funding. Investments in enhanced productivity accounted for 45% of the total, and investments in green construction for 24%.
Gonzalo Galindo, head of Cemex Ventures, said "Our investment analysts track investment data throughout the year and continually engage with global start-ups to target the most innovative solutions that are consistent with our mission to foster the construction industry revolution. Innovation requires a long-term approach and cannot be defined by a year alone, but our Top 50 Contech Startups list and report helps us track innovation through investment and technology adoption and gauge the health of the construction start-up ecosystem.”
TopWerk Group endorses Partanna Global's carbon-negative binder
23 January 2024Germany/US: Concrete production equipment supplier TopWerk Group has formally endorsed Partanna Global's carbon-negative binder as a replacement for cement in the production of concrete using its equipment. Partanna plans to install TopWerk equipment at its four upcoming production plants, under an exclusive three-year agreement. The endorsement is intended to help shift TopWerk's global customers from using cement to using Partanna Global’s binder.
Partanna Global CEO Rick Fox said “TopWerk's endorsement of Partanna represents a major vote of confidence in our technology from one of the most respected names in global construction. We’re humbled and proud that one of the world’s leading concrete machinery producers has given us their backing. We hope this signals to the industry that Portland cement is no longer the only solution in town, and that the days of burning rocks are fast coming to an end.”
TopWerk CEO Robert Gruss said "We believe our exclusive partner Partanna has come up with a truly impressive solution that can contribute to putting this polluting practice to an end. The company’s carbon negative binder is one of the most exciting innovations we have witnessed in our industry for decades. It is the most advanced alternative binder solution in the market and the only credibly carbon negative solution that has the potential to scale globally. Over the last two years, we have rigorously tested their formula and have validated its application as a direct replacement solution for Portland cement. In many ways, their binder actually performs better than the legacy solution.”
The endorsement follows Saudi Arabia-based property developer ROSHN's announcement of an upcoming carbon-negative concrete plant that will use Partanna Global's technology earlier in January 2024.
US: Holcim US has entered a partnership with climate tech start-up incubator Greentown Labs to accelerate decarbonisation in the built environment, using the latter’s Somerville, Massachusetts, and Houston, Texas, incubators. Holcim said that the collaboration will increase its access to start-ups in the field of sustainable building solutions. The producer has additionally joined Greentown Labs’ Industry Leadership Council for strategic guidance. Greentown Labs supports over 200 start-ups and has assisted more than 525 since its inception. It offers lab space, office space, machine shops, electronics labs, tool shops, software, business resources and a network of stakeholders to climate tech start-ups.
Holcim chief sustainability officer Nollaig Forrest said “With our open innovation ecosystem, we partner with hundreds of start-ups worldwide to accelerate the shift to sustainable building. By partnering with Greentown Labs, we aim to empower the best and brightest start-ups active in the built environment to scale up their impact. The combination of Holcim MAQER Ventures, our venture capital programme, with Greentown’s stellar roster of successful climate tech start-ups will serve as a catalyst to reinvent how the world builds for a regenerative future.”
Greentown Labs CEO Kevin Knobloch said "Greentown Labs is thrilled to be partnering with Holcim, a global leader in sustainable building solutions to decarbonise the built environment to bolster cutting-edge climate tech innovations in this critical sector. We look forward to seeing Holcim engage with our building tech start-ups, sharing its unmatched expertise in low-carbon building innovations and helping advance our entrepreneurs' solutions."
Neustark announces upcoming rapid expansion in Europe
19 January 2024Switzerland: Carbon capture and storage (CCS) equipment developer and supplier Neustark says it plans to more than double the number of its CO2 storage sites in Austria, France, Germany, Switzerland and the UK to 34 from 14. Neustark’s process turns mineralised captured CO2 and existing mineral waste streams into useful limestone. Building materials producers lease Neustark’s storage sites to produce reduced-CO2 alternatives such as recycled concrete. The sites currently have a total storage capacity of 5000t. Existing customers include Holcim.
Neustark CEO Johannes Tiefenthaler said “Neustark is scaling up rapidly, and we’re well on track to achieve our aim of permanently removing 1Mt of CO₂ by 2030. Our global goal is a series of reliable, region-specific CCS facilities that can be replicated anywhere, offering immediate sustainability benefits to local supply chains.”
10 sustainable cement and concrete technology developers launch the Decarbonized Cement and Concrete Alliance
18 January 2024North America: A new coalition for the scaling and deployment of low-carbon building materials, the creation of new clean cement and concrete jobs and the promotion of environmental justice launched earlier in January 2024. Called the Decarbonized Cement and Concrete Alliance (DC2), it comprises alternative cement developers Biomason, Brimstone, Chement, Fortera and Terra CO2, sequestration company Blue Planet Systems, circular concrete producer CarbonBuilt, biogenic limestone producer Minus Materials, hydrothermal processing technology developer Queens Carbon and electrified cement production technology developer Sublime Systems. DC2’s areas of engagement in policy will include tax credits, standards, ecolabeling and subsidisation, in line with the US Department of Energy’s Pathways to Commercial Liftoff: Low-Carbon Cement strategy.
CarbonBuilt’s government and community affairs manager Sal Brzozowski said “DC2’s platform of robust policy, standards and incentives to scale innovative solutions will not only accelerate deep decarbonisation, but also transform the concrete industry from one of the world’s largest CO2 emitters to one of the world’s largest carbon sinks.”
Warren East becomes new chair of C-Capture
17 January 2024UK: C-Capture has appointed Warren East as its new chair. East was previously CEO of automobiles producer Rolls-Royce and computing company ARM Holdings. C-Capture says that East will bring almost 40 years’ experience in commercialising innovative technologies to its own efforts to develop a scalable, modular model for carbon capture. East is a chartered engineer and holds an engineering degree from Oxford University and a CBE for services to engineering and technology.
C-Capture CEO Tom White said “I am absolutely delighted to announce that Warren will be joining us. His wealth of experience in commercialising novel technologies along with his commitment to the energy transition is a true asset to the company at a critical period in our growth. His expertise in successfully scaling and transforming businesses will be invaluable as we move forward with the commercialisation of our unique technology and expand our investor base.”
Warren East said “I am excited to be joining the team at this pivotal point and to work with the management to scale the business. C-Capture’s carbon capture technology has all the elements needed to break through the barriers currently preventing widespread adoption of this critical technology for the world to achieve Net Zero.”
UAE/UK: The Global Cement and Concrete Association (GCCA) has launched Innovandi Entrepreneur Network. The network will connect low-CO2 technology developers with GCCA members to work towards the decarbonisation of the global cement sector.
GCCA CEO Thomas Guillot said “Innovation can help unlock our net zero future. We recognise the vital role start-ups play in that transition and very much hope start-ups will join our entrepreneur network. Only by working together and through collaboration will we achieve our shared goals.”
Ryan Gilliam, CEO of US-based alternative cement developer Fortera, said “Thank you to the GCCA for providing a platform that brings like-minded companies together to collaborate on a net zero mission to produce cement. Fortera is honoured to be one of the first companies to join GCCA’s Innovandi Entrepreneur Network, to work in concert with our industry partners to tackle this global initiative.”
Spain: Cemex’s venture capital unit Cemex Ventures announced the launch of its second LeapLab accelerator programme for high-potential start-ups on 30 November 2023. The programme introduces a cohort of five start-ups from around the globe, which will carry out pilot-scale tests of their technologies across 100 Cemex sites in 12 different countries. Throughout the process, experts from Cemex and partner organisations will support the work of the start-ups as mentors, pilot leaders, speakers and assistants, as well as providing business advice and support in network building. The selected start-ups are AI technology developers Introid, Mixteresting and Verusen, hybrid vehicle fuel optimisation company Movener and water monitoring specialist Waterplan.
Cemex’s executive vice president of digital and organisation development Luis Hernández said “Start-up acceleration is a key pillar of Cemex’s open innovation strategy, since the time to scale the technologies that enable us to build a better future is now. By combining the disruptive solutions and agility of start-ups with Cemex’s extensive industry networks and resources, start-up acceleration is a vehicle for tangible innovation generation.”