CALGARY, CANADA, (September 24, 2024) – Carbon Upcycling Technologies, Inc. (“Carbon Upcycling”), a leading decarbonization and carbon capture & utilization (CCU) technology provider for hard-to-abate industries, announced today that Juliane Kniebel-Huebner will join the company as its Chief Operating Officer.

Juliane brings over 20 years of leadership experience in the energy and infrastructure sectors to Carbon Upcycling. She has held senior roles across both established and growth-oriented energy companies, most recently serving as Director of Western Canada Development at Capstone Infrastructure Corporation and Chief Operating Officer at Genalta Power Inc. 

“Carbon Upcycling has pioneered an industry-defining technology that transforms CO2 and underutilized materials into low-carbon cement,” said Ms. Kniebel-Huebner. “Decarbonizing our built environment is a tremendous opportunity with cement and concrete being used everywhere in our most critical infrastructure like public buildings, renewables, data centers, resilience planning and more. I am excited to help lead Carbon Upcycling through its commercial growth and build a low-carbon future together.”

In her new role at Carbon Upcycling, Juliane will leverage her deep experience in project development, corporate structure building, team building and strategy. Her previous experience includes serving as a Strategic Advisor and Managing Director at Ventotec, a subsidiary of enercity AG, Germany’s tenth-largest energy service provider. There, she led the company’s largest restructuring project since deregulation, aligning its corporate structure with evolving market demands and positioning it for future growth in a competitive agile utilities sector.

“We are thrilled to welcome Juliane Kniebel-Huebner to Carbon Upcycling,” said Apoorv Sinha, CEO of Carbon Upcycling. “Juliane brings a wealth of leadership experience and a deep understanding of the sustainability landscape, an invaluable asset as we scale our operations and drive the commercialization of our technology. Her vision aligns with our mission to become the most impactful carbon tech company of this decade by decarbonizing the world’s hardest-to-abate industries, beginning with cement.”

Carbon Upcycling, which recently achieved B Corp status, is currently developing its first-of-a-kind commercial carbon capture and utilization system at one of Canada’s largest cement plants with Ash Grove, a CRH Company, leader and pioneer in the cement industry. The project, which will enable a lower carbon cement to be used in the downstream concrete market, aligns with Canada’s national decarbonization plan.

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About Carbon Upcycling Technologies: 

Carbon Upcycling is a decarbonization and carbon capture & utilization technology provider for the world’s hardest-to-abate industries. The company’s commercial technology upcycles point-source industrial CO2 emissions and local industrial waste materials into high-performance, low-carbon cement alternatives. The company is currently commissioning its first-of-a-kind commercial system at Canada’s largest cement plant. Carbon Upcycling has received global recognition for its industry-leading innovation. Notably, Carbon Upcycling was named a 2023 and 2024 Global Cleantech 100, Reuter’s Top 100 Innovators Leading the Energy Transition, and a World Economic Forum 2024 Technology Pioneer.

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Carbon Upcycling has been selected to join the World Economic Forum’s Technology Pioneers 2024 cohort! This recognition places us among 100 groundbreaking companies and the only one from Canada chosen for our potential to address the world’s most pressing challenges. Being named a Technology Pioneer is a tremendous honour, reflecting our commitment to innovation and sustainability in carbon capture and utilization.

Each year, the World Economic Forum’s Technology Pioneers community highlights companies that are leading the way in applying new technologies to solve global issues. Carbon Upcycling is proud to be recognized for our efforts in creating a circular decarbonization solution for some of the world’s hardest-to-abate industries. Our innovative technology captures CO2 emissions and transforms industrial wastes into sustainable alternatives to conventional cement blends. This approach not only reduces carbon emissions but also promotes resilience and circularity in supply chains.

As part of the Centre for Advanced Manufacturing and Supply Chains, we look forward to sharing insights and working together to accelerate the transition to a net-zero future. The Technology Pioneers community is known for driving the radical changes needed to tackle urgent global challenges, and we are excited to contribute our expertise in carbon capture and utilization.

As a WEF Technology Pioneer, Carbon Upcycling’s CEO Apoorv Sinha will participate in key Forum meetings and discussions throughout the year, including the Annual Meeting of the New Champions 2024 in Dalian, China. 

Being part of the Technology Pioneers cohort is not just an honour; it’s a call to action to continue pushing the boundaries of what’s possible in carbon capture and utilization. We invite you to join us on this journey towards a zero-waste, zero-emissions world.

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April 22, 2024 – Calgary, Canada: Carbon Upcycling Technologies, Inc. (“Carbon Upcycling”), a leader in circular decarbonization solutions for hard-to-abate sectors, including cement, steel, and mining announced today the first delivery in 2024 of 200 tonnes of CO₂-enhanced fly ash to BURNCO Rock Products, Ltd. (BURNCO), a leading supplier of construction materials, as part of a groundbreaking initiative to deploy low-carbon concrete in the City of Calgary.

This delivery marks a significant milestone in the collaboration between Carbon Upcycling and BURNCO, made possible by the $4.4 million Emissions Reduction Alberta (ERA) Circular Economy Grant awarded to Carbon Upcycling last year. The grant aims to support innovative projects that promote sustainability and reduce environmental impact.

The fly ash used in this project is sourced from reclaimed material from a landfill and processed through Carbon Upcycling’s proprietary technology which, unlike traditional carbon capture technologies, captures CO2 from flue gas and utilizes it to enhance materials like fly ash to be a more sustainable and efficient alternative for a portion of cement. Carbon Upcycling not only reduces emissions but also upcycles waste materials into valuable alternatives for carbon-intensive processes like cement production.

“Carbon Upcycling’s technology represents a game-changer in the construction industry, offering a viable solution to reduce carbon emissions while producing high-quality, low-carbon concrete,” said Apoorv Sinha, Co-founder and CEO of Carbon Upcycling Technologies. “By harnessing CO₂ and waste materials, we are not only mitigating environmental impact but also driving innovation in sustainable construction practices.”

The partnership between Carbon Upcycling and BURNCO extends beyond this milestone delivery. Over 2,000 tonnes of CO₂-enhanced material have been deployed across Alberta’s built environment, including sidewalks, housing foundations, slabs, pathways at Telus Spark, and gutters at the Calgary Zoo. This collaborative effort demonstrates a commitment to advancing sustainable infrastructure solutions and reducing the carbon footprint of construction projects.

“We are excited to continue our partnership with Carbon Upcycling and further deploy low-carbon concrete in our construction projects,” said Norm Kuntz, BURNCO. “This innovative approach aligns with our sustainability goals and will enable us to offer our customers environmentally friendly solutions without compromising on quality or performance.”

The partnership between Carbon Upcycling and BURNCO exemplifies a commitment to innovation and sustainability in the construction industry. Through transformative technologies and collaborative efforts, they aim to establish carbon capture and utilization as essential pathways towards global emissions reduction.

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About Carbon Upcycling

Carbon Upcycling Technologies pioneers advanced materials science to optimize carbon capture, transforming CO2 into a valuable resource for heavy industry while reducing global carbon emissions. Its innovative approach converts waste carbon into a circular asset, addressing the persistent reliance on fossil fuels and promoting material resource independence. Founded at the nexus of industry, climate, and materials science, Carbon Upcycling’s mission is to lead the global transition to a carbon-to-value economy through scalable mineralization technologies. With a diverse team of experts, it drives decarbonization and supply chain innovation in order to form an entirely new market around its novel process and technologies.

Learn more about Carbon Upcycling at carbonupcycling.com.

About BURNCO

BURNCO Rock Products Ltd is a fourth-generation family business established in Calgary in 1912 by James F. Burns. The Company has operations in Alberta, British Columbia, Saskatchewan, Texas and Colorado. BURNCO produces high-quality aggregate, paving asphalt and ready-mix concrete for its valued customers.

For a complete list of locations and to learn more about the Company, please visit burnco.com.

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Carbon Upcycling’s Co-founder & CEO, Apoorv Sinha, has been recognized as a top 10 climate leader in Maclean’s Magazine’s Power List 2024.

Maclean’s described Apoorv as the one making concrete production more sustainable by enabling the industry to capture and use CO2 emissions and waste materials to create a low-carbon alternative to traditional cement.

The cement and concrete industry is responsible for about 8% of global emissions. If it were a country, it would be the third-largest emitter, trailing only China and the United States. The Global Cement & Concrete Association has declared this decade the “Decade to Deliver,” emphasizing the need to optimize cement processes and adopt low-carbon alternative materials to reduce baseline CO2 emissions by 20% by 2030.

Carbon Upcycling is at the forefront of cement decarbonization with two groundbreaking commercial carbon capture and utilization (CCU) projects at cement plants in the UK and Canada. The Canadian flagship project aims to capture CO2 emissions directly from flue gas and use it to transform waste steel slag into a high-performance substitute for cement. This project could reduce annual emissions by nearly 30,000 tonnes of CO2 while creating a robust, circular supply chain at Canada’s largest cement plant.

The Power List 2024 recognizes 100 Canadians who have significantly impacted their respective fields. It features influential Canadians from various sectors, including sports, education, healthcare, and business. 

Learn more the report here.

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Our team has been selected out of more than 100 applicants to join Greentown Labs & Saint-Gobain’s GoBuild cohort.

We’ll be working alongside leading multinational Saint-Gobain to explore potential commercial partnerships to advance circularity and decarbonize the built environment.

“Innovation in the building sector is critical to achieving decarbonization, as the sector is responsible for 40 percent of global greenhouse gas emissions. To change this, we need innovations that reinvent how buildings and their materials are planned, built, sourced, and managed. ” – Greentown Labs

We’re looking forward to exploring how our CO2-enhanced cement replacements can be used to decarbonize Saint-Gobain’s material portfolio and build a circular net zero future.

Learn more about the program here.

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Carbon Upcycling was selected out of more than 1000 nominations for our work in the rapid and meaningful decarbonization of hard-to-abate industries. We’re proud to be recognized alongside industry leaders like Tata Steel, Kiewit, and Ørsted, who are helping lead the way to a circular, sustainable tomorrow.

Learn more about our feature in the report here.

About the report –

“Innovation is the bedrock on which the global energy transition is built. Over the last decade, innovations in renewable technology, carbon management, supply chain efficiency, energy software, and policymaking have forged a rapidly growing energy transition market, set to unlock trillions in revenue. In this third edition of the Energy Transition Innovators Report, Reuters Events gives recognition to some of those organizations around the globe who form the tip of the transition spear as they innovate across the value chain. To assemble our list of innovators for the energy transition, we asked our community for recommendations throughout October 2023. We received more than 1,000 nominations from industry stakeholders from an online survey that was written and conducted adhering to strict market research guidelines. The resulting list of nominations was vetted internally and our final list was assembled taking into consideration their stated achievements, with special considerations given to organizations nominated by third parties on more than one occasion. The list is divided into 10 categories of 10 organizations each, three of which have been given a detailed profile. The Report is not ranked and should be considered as a celebration of those making notable contributions to the energy transition.” – Reuters Events, 2024

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Carbon Upcycling’s Apoorv Sinha joined Climate Investment (CI) at their annual decarbonization summit to discuss circularity in hard-to-abate sectors.

Here are our key takeaways from the conversation:
➤ Achieving zero-emission and zero-waste initiatives will depend on the industrial symbiosis we develop today.
➤ Across industries, the demand for materials is increasing. Circularity will not replace virgin production but is an opportunity to supplement production.
➤Producers should prioritize circularity throughout the entire product lifecycle, not solely at end-of-life, to optimize efficiency and production.

Learn more about Climate Investment’s partnership with Carbon Upcycling here. 

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Funding will support the first fully commercial-scale CCU deployments at cement plants in North America and Europe

Calgary, Canada, July 31, 2023 – Carbon Upcycling Technologies Inc. (“Carbon Upcycling”), a leader in circular decarbonization solutions for hard-to-abate sectors, including cement, steel, and mining, has closed a US$26 million Series A funding round co-led by BDC Capital’s Climate Tech Fund and Climate Investment.

The syndicate includes strong participation from existing financial investors, Clean Energy Ventures, its angel investor collective CEVG, Amplify Capital, and strategic investors, Oxy Low Carbon Ventures, CRH Ventures, and Cemex Ventures, which are all enhancing their financial support with commitments to strategically-relevant projects. 

This funding will be utilized to deploy multiple commercial projects, including two co-located directly at cement plants. Projects will continue to validate the cost-effectiveness of Carbon Upcycling’s all-electric solution that mineralizes CO2 emissions from industrial facilities and upcycles industrial byproducts into materials that reduce the carbon footprint of cement and concrete. 

“Closing this round is a major milestone on the road to becoming the most impactful carbon tech company of this decade,” said Apoorv Sinha, Founder and CEO of Carbon Upcycling. “Over the next year, our mission is to demonstrate our technology’s versatility, scalability, and operational elegance. Proving significant, cost-effective decarbonization potential in the cement industry is possible without a green premium.”

“Carbon Upcycling is a prime example of a Canadian company addressing a high-emitting sector, like cement, with a unique and patented climate technology using industrial byproducts,” said Pascal Lanctot, Partner, Climate Tech Fund at BDC Capital. “BDC’s role is to drive economic benefits for Canada by growing one business at a time. Apoorv and his team have positioned Carbon Upcycling for rapid growth. The scale-up of the company’s technology will enable cross-industrial collaboration between cement, steel, mining, and other heavy industries and help build a clean, low-carbon, circular economy. This is exactly what our Climate Tech Fund II aims to do.”

“Scaleable, verifiable carbon reduction technology that can be implemented globally is crucial,” said Mike Bishop, Investment Director at Climate Investment. “Eight percent of global CO2 emissions result from the production of cement and concrete. Carbon Upcycling’s technology could decarbonize a sizeable portion of these sector emissions, and importantly, the next round of projects will validate that the technology can outperform ordinary Portland cement on both cost and performance. This is exactly the type of scaleable climate impact Climate Investment is striving for within its portfolio.”

Carbon Upcycling’s commercial project deployments with, CRH in Canada and CEMEX in the United Kingdom, will be the first to integrate carbon capture and utilization at a cement plant. The company’s projects and research are also being supported by grants from the Government of Canada, UK Research and Innovation, and the US Department of Energy through work with the Colorado National Renewable Energy Laboratory. 

“CRH Ventures is focused on accelerating the delivery of decarbonization solutions across the construction industry,” said Eduardo Gomez Mendoza, Head of CRH Ventures. “We have chosen to further develop our existing partnership with Carbon Upcycling as its technology solution aligns directly with our circular, zero-waste sustainability values. The cement plant integration we are supporting means this technology will be deployed at commercial scale in one of the largest cement plants in Canada, demonstrating a cost-effective, circularity-based method of producing low-carbon cement.” 

“CEMEX is committed to supporting decarbonization for the built environment and our follow-on investment in Carbon Upcycling demonstrates such ambition,” said Gonzalo Galindo, Head of Cemex Ventures. “Carbon Upcycling provides a scalable solution that effectively reduces the carbon footprint of cement, and we are proud to play a part in the global scaleup of Carbon Upcycling’s technology and the largest mineralization project of its kind at our integral cement plant at Rugby, United Kingdom. Increasing the supply and use of cement replacements aligns with Cemex’s goals of reducing CO2 emissions, and becoming fully net-zero by 2050 through its Future in Action sustainability program.”

 “We are focused on developing and commercializing CO2 utilization technologies that complement Oxy’s core business and help further our net zero goals,” said Dr. Robert Zeller, Vice President, Technology, Oxy Low Carbon Ventures. “Carbon Upcycling’s CO2 utilization platform has the potential to create new, sustainable pathways for critical construction materials. Our Direct Air Capture plant that is currently under construction in Texas can provide CO2 as an input for Carbon Upcycling’s process and support decarbonization in the cement industry.”

“We are committed to scaling solutions that promote cross-industry collaborations to realize a circular economy,” concludes Apoorv Sinha. “We are incredibly grateful for our team doing this work, the persistent support from our existing investor base and for Climate Investment, BDC Capital, and Local Investing YYC for joining in this round.” 

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About Carbon Upcycling

Carbon Upcycling is a carbontech company delivering technology to decarbonize hard-to-abate industries. Carbon Upcycling’s patented technology permanently stores CO2 in industrial byproducts and minerals, transforming them into high-performance alternative materials for cement and concrete. The Company aims to reduce the carbon impact of industrial processes, divert industrial materials from landfills, and enable a circular economy.

Learn more about Carbon Upcycling at carbonupcycling.com.

About BDC Capital

BDC Capital is the investment arm of BDC, Canada’s business development bank. With over $6 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity as well as ownership transition solutions, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca/capital.

About Climate Investment

Climate Investment is an independently managed specialist investor focused on accelerating capital-efficient decarbonization of heavy emitting sectors. Operational since 2017, its team of investment and technical experts has built a portfolio of over 30 outstanding technology and business model innovations. Collectively, its portfolio delivered 57 MT CO2e of cumulative greenhouse gas reduction in the period 2019-2022.   

Climate Investment was founded by member companies of the Oil & Gas Climate Initiative (“OGCI”). They have invested in Climate Investment funds and deployed many of its portfolio innovations, supporting their early commercial development.  Visit www.climateinvestment.com 

Media Contact

Carbon Upcycling
Natalie Giglio
natalie@carbonupcycling.com

BDC Capital
Media Relations
mediainfo@bdc.ca

Climate Investment
Anthony Silverman
climateinvestment@apellaadvisors.com

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After several months of internal development and guidance from some excellent agency support, today we unveil the new Carbon Upcycling brand identity. At Carbon Upcycling, we’re making carbon-enabled circularity a reality. Circularity is the very heart of what we do, harnessing industrial wastes, co₂ and locally-available natural resources to revolutionize how cement and plastics are produced today. While we’ll always have a special place in our heart for our former identity, we believe this updated look and feel more fully represents the future of our business as a carbontech champion and industry disruptor. We’ve been embodying and championing the values of this brand behind the scenes for some time and are pleased to have it reflected now in the way we look and engage with our outside community of customers, partners, advocates, investors and future team members.

With circularity at our core, our new company logo is inspired by the infinity symbol, representing our mission to create local supply chains that repurpose and utilize wastes and materials around us. Our updated typeface and colour palette give us a polished visual esthetic on par with that of our global, industry-leading partners.  And finally, our newly updated website paints the fuller picture for everything we believe is special about Carbon Upcycling—our technology, our partners, and the products we help enable that are decarbonizing our global economy.

Thank you to all our internal and external team members who helped make this update possible. As you explore our new website, don’t forget to check out our Mission & Vision, understand how our technology works, consider applying to one of our open positions, and see what our technology can do for you.

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Albertville, MN, USA – August 3, 2022 – Carbon Upcycling, a waste and carbon utilization company commercializing a portfolio of novel, circular and CO₂-embedded materials, has completed its installation in a first-of-a-kind demonstration project led by the National Road Research Alliance (NRRA) and managed by Larry Sutter, principal engineer at Sutter Engineering LLC. The NRRA-sponsored project has selected an active section of highway road along Interstate-94 to trial 14 unique concrete mixtures, including Carbon Upcycling. The section of highway is located at the Minnesota Road Research Facility (MnRoad) in Albertville, Minnesota, United States.

The 14 selected mixture designs are using a variety of methods to decarbonize concrete, including the utilization of supplementary cementitious materials, portland limestone cement (PLC), alternative supplementary cementitious materials, alternative cement, and liquid carbon dioxide, all for the purpose of reducing the lifecycle carbon footprint of concrete. Each mixture is being compared to a conventional concrete mixture design prepared using PLC and fly ash.

For this project, Carbon Upcycling supplied concrete mixed with its CO₂-Enhanced Fly Ash, demonstrating the double-digit reductions in total cementitious material–an industry leading achievement for low-carbon concrete.

“This demonstration project is intended to give companies an opportunity to put forward the most sustainable concrete mixtures their technologies and materials can achieve, without sacrificing performance,” said Larry Sutter, the demonstration’s technical manager. “Carbon Upcycling has submitted a very impressive mixture design. Their material embeds co₂ in the concrete, thereby accomplishing carbon sequestration. Additionally, their process improves the SCM reactivity, allowing for significant reductions in the portland cement used. Their mixture design accomplished the highest reduction in total cementitious materials of all mixture designs submitted. The data collected from this project will be critically informative to the cement and concrete industry and will facilitate implementation of these new materials as the industry works to reach its ambitious 2030 CO₂ reduction targets.”

“Carbon Upcycling is excited and grateful for the opportunity to demonstrate our high-performance CO₂-embedded SCMs in a broad and standardized testing program organized by the NRRA. By offering an SCM that directly sequesters CO₂ and requires no process heat, and only an electric energy source to produce, Carbon Upcycling is confident of the life cycle CO₂ emission reductions its technology can offer the building materials industry” said Apoorv Sinha, the Cofounder and CEO of Carbon Upcycling. “Carbon Upcycling aspires to be the most impactful carbontech company of this decade. Third-party verified data like this further reinforces the industry’s confidence in our solution, and we will be announcing our first commercial-scale projects with engaged partners later this year.”

“This demonstration project is aligned with Carbon Upcycling’s core values of transparency, quality data-collection, and meaningful carbon reductions,” says Natalie Giglio, the Senior Business Development Associate at Carbon Upcycling. “It is support from industry and third-party verified data like this that proves that low-carbon concrete is a viable solution that will contrive to the future circular economy”

The NRRA and Mnroad have committed to a 3-year rigorous testing and data collection program to assess the different mixture designs, and the data will become publicly available to help inform future infrastructure procurement and material selection.

The placement of Carbon Upcycling’s test cell was completed on July 28, 2022. Performance data from the project will be provided at a future date. For project inquiries, please contact Natalie Giglio, natalie@carbonupcycling.com.

About Carbon Upcycling Technologies

Carbon Upcycling is a waste and carbon utilization company unlocking a new frontier of circular materials. We combine CO₂ with local industrial byproducts and natural materials to improve performance of cement and plastics, some of the most widely used materials on the planet. Learn more about our global solution at carbonupcycling.com.

About Sutter Engineering LLC

Sutter Engineering LLC specializes in providing technical support to companies bringing new products and technologies into the concrete construction business. The major focus of the firm is to help the cement and concrete industry attain carbon neutrality by the year 2035. Specific tasks include developing new specifications and testing standards and working to integrate products into existing specifications and testing standards.

Media Contact

Natalie Giglio

natalie@carbonupcycling.com

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London, UK – June 23, 2022 – Carbon Upcycling Technologies (Carbon Upcycling), a carbon utilization company that produces co₂-enhanced cement and concrete additives, announced today that it has been awarded £2.3 Million in funding from UK Research and Innovation’s (UKRI). This will be the world’s first commercial-scale concrete additive plant that combines co₂ sequestration and waste glass, and Carbon Upcycling’s first project in Europe.

The commercial pilot will sequester up to five tonnes of co₂ emissions per day produced from a post-consumer glass recycling facility while simultaneously utilizing 50 tonnes of colored glass waste. The pilot plant will produce and sell a co₂-enhanced additive for use in the local cement industry. The project will eliminate approximately 16,500 tonnes of local crushed glass from entering landfills, sequester approximately 1,600 tonnes of carbon dioxide that would otherwise reach the atmosphere, and will reduce over 15,000 tonnes of carbon emissions on a lifecycle basis through cement abatement.

This funding will support a consortium, led by Carbon Upcycling, including CEMEX, Glass Technology Services, Matthew Demon, President of British Glass (MKD32), and others in the glass and cement industries.

“We are committed to leading efforts that support the decarbonization of the cement sector by combining our extensive industry knowledge with the most promising and innovative solutions” expressed CEMEX Quote. “At CEMEX, we aim to reach net-zero by 2050 and this project with Carbon Upcycling is an important milestone towards utilizing captured carbon to help achieve this goal. This project will help us to double the industry’s use of cement replacements by 2030 and allow CEMEX to participate in a circular economy project.”

Carbon Upcycling will utilize its patented carbon utilization process to activate post-consumer colored glass fines. “Generally, this waste from glass is difficult to recycle cost-effectively,” said Glass Technology Services Quote. “Sequestering co₂ emissions and producing high-performance supplementary cementitious materials for use in low-carbon concrete and blended cements will create a new generation of climate-resilient materials for infrastructure.”

“The commencement of the glass valorization and low carbon cement project is a big milestone for Carbon Upcycling in our journey towards real-world impact. By creating a valuable product from one of the toughest waste streams in the glass industry, and using cement flue gas directly in its process, Carbon Upcycling will provide the UK market with a low-cost, low-carbon alternative to imported cementitious materials,” said Apoorv Sinha, CEO of Carbon Upcycling Technologies. “This project is fundamentally aligned with Carbon Upcycling’s vision of a truly circular carbon economy and is one of a handful of exciting projects highlighting the versatility of our technology and the ambitions of our organization.”

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The challenge fund

The challenge fund brings together the UK’s world-leading research with business to meet the major industrial and societal challenges of our time. It provides funding and support to UK businesses and researchers, part of the greatest single increase in UK science and innovation funding for over 40 years. The fund is backed by £2.6 billion of public money, with £3 billion in matched funding from the private sector. It is run by UK Research and Innovation, which comprises the Research Councils, Innovate UK and Research England.

About UK Research and Innovation

UKRI works with the government to invest over £7 billion a year in research and innovation by partnering with academia and industry to make the impossible possible. Through the UK’s nine leading academic and industrial funding councils, UKRI creates knowledge with impact. For more information, please visit: www.ukri.org.

About Carbon Upcycling Technologies

Carbon Upcycling and its subsidiary Carbon Upcycling Technologies UK is a waste and carbon utilization company unlocking a new frontier of circular materials. We combine CO₂ with local industrial byproducts and natural materials to improve the performance of cement and plastics, some of the most widely used materials on the planet. Learn more about our global solution at carbonupcycling.com.

About CEMEX

CEMEX is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: www.cemex.com

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• Led by Clean Energy Ventures, the investment will pave the way for Carbon Upcycling to scale its commercial carbon utilization technology at cement facilities in North America, Europe and Asia
• By sequestering CO2, Carbon Upcycling’s proprietary technology radically reduces the carbon intensity of concrete by double the industry standard

Calgary, AB – April 21, 2022 – Carbon Upcycling Technologies, a carbon utilization company that produces a CO2-embedded cement and concrete additive, today announced the closing of $6 million in financing led by Clean Energy Ventures, a venture capital firm funding early-stage climate tech innovations, with participation from CEMEX Ventures, the corporate venture capital of CEMEX, Amplify Capital, a leading impact venture fund that invests in early-stage startups addressing the world’s most complex and urgent problems, and Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (Oxy) focused on advancing cutting-edge, low-carbon technologies and business solutions. The round includes participation from Zero Carbon Partners, Purpose ESG, Clean Energy Venture Group, Fund for Sustainability and Energy, Prithvi Ventures, Bryan Trudel, and Mark and Faye McGregor.

Carbon Upcycling is the first company to achieve a 30 percent emissions reduction in concrete production – more than double the industry standard – and is ready to scale. The company will leverage the funding to grow its team and build its second commercial-scale facility in North America, capable of manufacturing more than 200 tons per day of low-carbon cement and concrete additive.

The foundation of infrastructure globally, cement is among the most widely used construction materials in both residential and commercial applications. Between rapidly urbanizing populations in developing countries and unprecedented infrastructure spending in developed countries, it presents a $750 billion annual global market opportunity and a massive decarbonization challenge simultaneously, accounting for 8 percent of global CO2 emissions.

“The U.S. desires to invest at an extraordinary level to improve its infrastructure while simultaneously addressing ambitious climate goals. Our aim is to support growth objectives while lowering carbon emissions both in the U.S. and internationally, and Carbon Upcycling’s extraordinary team, game-changing technology and partnerships with the leading industry participants in the building materials sector fit squarely within our strategy,” says Daniel Goldman, co-founder and managing partner of Clean Energy Ventures. “Our investment in Carbon Upcycling is premised on the potential for its technology to dramatically mitigate carbon emissions and we estimate that with wide scale deployment, over four gigatons of carbon emissions can be mitigated through 2050, a critical milestone required for a sector that is notoriously hard to decarbonize.”

While supplementary cementitious materials (SCMs) have risen in popularity over the last decade, the current manufacturing processes of producing this cement alternative ultimately are unsustainable, largely conceding performance in favor of emissions reduction. Through its portfolio of CO2-derived solid nanoparticles, Carbon Upcycling has technically validated its solutions for use in plastics as well and has recently launched a consumer goods brand, Oco.

“We are committed to leading efforts that support the decarbonization of the cement sector by combining our extensive industry knowledge with the most promising and innovative solutions that can help us make it happen” expressed Gonzalo Galindo, Head of CEMEX Ventures. “At CEMEX, we aim to reach net-zero by 2050 and the investment in Carbon Upcycling is an important milestone towards utilizing captured carbon to help us achieve this goal.”

“One of OLCV’s strategic priorities is to develop and commercialize CO2 utilization technologies that complement Oxy’s core businesses, including our Direct Air Capture business, 1PointFive, to attain net-zero goals,” said Dr. Robert Zeller, Vice President, Technology, OLCV. “Carbon Upcycling’s CO2 utilization platform has the potential to create new, sustainable pathways for critical construction materials.”

Kathryn Wortsman, Managing Director of Amplify Capital speaks to her firm’s involvement in the financing, noting, “After meeting founder and CEO, Apoorv Sinha, and his team, we realized that Carbon Upcycling Technologies would make an excellent fit for the Amplify Capital portfolio. Concrete and other large emitting industries need innovation to transform themselves into an industry that aligns with the world’s climate targets. Apoorv and his team are dedicated to innovating and building a great company that will make a meaningful impact on the concrete industry and our planet.”

Founded to address the carbon intensity of concrete, Carbon Upcycling’s technology leverages local, high-volume and non-polluting feedstocks to create more durable concrete with 30 percent less carbon emissions compared to traditional SCMs available on the market today. By eliminating the need to import foreign feedstocks amid already-fragile supply chains, Carbon Upcycling is able to keep costs competitive and reduce carbon-intensive transportation. A key component of its manufacturing process lies in the company’s ability to sequester approximately 45 kilograms of captured CO2 per ton of SCM, with plans to continue to increase this in the future.

“We are at the inflection point for the zero-carbon age, and it’s mission-critical to bring carbon-to-value innovation to scale and truly decarbonize all parts of our economy,” said Apoorv Sinha, CEO of Carbon Upcycling Technologies. “At Carbon Upcycling, we are targeting emissions at the source by capturing CO2 emitted directly from the cement production kilns. Our technology and business model develop more robust local supply chains, which are vital amid vast urban growth and infrastructure development. The enthusiasm and support from both investors and cement producers for our technology have been evident this year, and with the funding, Carbon Upcycling is well on its way to becoming one of the most impactful carbon utilization companies that can contribute to a decarbonized energy transition in the coming decades.”

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About Carbon Upcycling Technologies

Carbon Upcycling was formed to use the waste of today to build the materials of tomorrow by converting CO2 gas into advanced material additives. Since 2014, Carbon Upcycling has scaled its ability to utilize CO2 emissions from point sources, such as power plants, by over 10 million times in reactor size. Carbon Upcycling’s carbon-enhanced additives primarily service the concrete industry but have complementary additives that are used in plastics manufacturing, coatings, and consumer products.

About Clean Energy Ventures

Clean Energy Ventures is a $110 million venture capital firm investing in early-stage climate tech startups that can reduce greenhouse gas emissions by 2.5 gigatons of CO2e each between now and 2050, while providing venture-grade returns to our investors. Learn more at cleanenergyventures.com.

About CEMEX

CEMEX is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: www.cemex.com

About Oxy Low Carbon Ventures

Oxy Low Carbon Ventures, LLC (OLCV) is a subsidiary of Occidental (Oxy), an international energy company with assets primarily in the United States, the Middle East and North Africa. OLCV is focused on advancing cutting-edge, low-carbon technologies and business solutions that enhance Oxy’s business while reducing emissions. OLCV also invests in the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally. Visit Carbon Innovation on oxy.com for more information.

Media Contact

Mission Control Communications

CEV@missionc2.com

The post X-Factor Award Winner Carbon Upcycling Technologies… appeared first on Carbon Upcycling.

• Led by Clean Energy Ventures, the investment will pave the way for Carbon Upcycling to scale its commercial carbon utilization technology at cement facilities in North America, Europe and Asia 
• By sequestering CO2, Carbon Upcycling’s proprietary technology radically reduces the carbon intensity of concrete by double the industry standard

Calgary, AB – April 21, 2022 – Carbon Upcycling Technologies, a carbon utilization company that produces a CO2-embedded cement and concrete additive, today announced the closing of $6 million in financing led by Clean Energy Ventures, a venture capital firm funding early-stage climate tech innovations, with participation from CEMEX Ventures, the corporate venture capital of CEMEX, Amplify Capital, a leading impact venture fund that invests in early-stage startups addressing the world’s most complex and urgent problems, and Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (Oxy) focused on advancing cutting-edge, low-carbon technologies and business solutions. The round includes participation from Zero Carbon Partners, Purpose ESG, Clean Energy Venture Group, Fund for Sustainability and Energy, Prithvi Ventures, Bryan Trudel, and Mark and Faye McGregor. 

Carbon Upcycling is the first company to achieve a 30 percent emissions reduction in concrete production – more than double the industry standard – and is ready to scale. The company will leverage the funding to grow its team and build its second commercial-scale facility in North America, capable of manufacturing more than 200 tons per day of low-carbon cement and concrete additive. 

The foundation of infrastructure globally, cement is among the most widely used construction materials in both residential and commercial applications. Between rapidly urbanizing populations in developing countries and unprecedented infrastructure spending in developed countries, it presents a $750 billion annual global market opportunity and a massive decarbonization challenge simultaneously, accounting for 8 percent of global CO2 emissions. 

“The U.S. desires to invest at an extraordinary level to improve its infrastructure while simultaneously addressing ambitious climate goals. Our aim is to support growth objectives while lowering carbon emissions both in the U.S. and internationally, and Carbon Upcycling’s extraordinary team, game-changing technology and partnerships with the leading industry participants in the building materials sector fit squarely within our strategy,” says Daniel Goldman, co-founder and managing partner of Clean Energy Ventures. “Our investment in Carbon Upcycling is premised on the potential for its technology to dramatically mitigate carbon emissions and we estimate that with wide scale deployment, over four gigatons of carbon emissions can be mitigated through 2050, a critical milestone required for a sector that is notoriously hard to decarbonize.”

While supplementary cementitious materials (SCMs) have risen in popularity over the last decade, the current manufacturing processes of producing this cement alternative ultimately are unsustainable, largely conceding performance in favor of emissions reduction. Through its portfolio of CO2-derived solid nanoparticles, Carbon Upcycling has technically validated its solutions for use in plastics as well and has recently launched a consumer goods brand, Oco.

“We are committed to leading efforts that support the decarbonization of the cement sector by combining our extensive industry knowledge with the most promising and innovative solutions that can help us make it happen” expressed Gonzalo Galindo, Head of CEMEX Ventures. “At CEMEX, we aim to reach net-zero by 2050 and the investment in Carbon Upcycling is an important milestone towards utilizing captured carbon to help us achieve this goal.”

“One of OLCV’s strategic priorities is to develop and commercialize CO2 utilization technologies that complement Oxy’s core businesses, including our Direct Air Capture business, 1PointFive, to attain net-zero goals,” said Dr. Robert Zeller, Vice President, Technology, OLCV. “Carbon Upcycling’s CO2 utilization platform has the potential to create new, sustainable pathways for critical construction materials.”

Kathryn Wortsman, Managing Director of Amplify Capital speaks to her firm’s involvement in the financing, noting, “After meeting founder and CEO, Apoorv Sinha, and his team, we realized that Carbon Upcycling Technologies would make an excellent fit for the Amplify Capital portfolio. Concrete and other large emitting industries need innovation to transform themselves into an industry that aligns with the world’s climate targets. Apoorv and his team are dedicated to innovating and building a great company that will make a meaningful impact on the concrete industry and our planet.” 

Founded to address the carbon intensity of concrete, Carbon Upcycling’s technology leverages local, high-volume and non-polluting feedstocks to create more durable concrete with 30 percent less carbon emissions compared to traditional SCMs available on the market today. By eliminating the need to import foreign feedstocks amid already-fragile supply chains, Carbon Upcycling is able to keep costs competitive and reduce carbon-intensive transportation. A key component of its manufacturing process lies in the company’s ability to sequester approximately 45 kilograms of captured CO2 per ton of SCM, with plans to continue to increase this in the future.

“We are at the inflection point for the zero-carbon age, and it’s mission-critical to bring carbon-to-value innovation to scale and truly decarbonize all parts of our economy,” said Apoorv Sinha, CEO of Carbon Upcycling Technologies. “At Carbon Upcycling, we are targeting emissions at the source by capturing CO2 emitted directly from the cement production kilns. Our technology and business model develop more robust local supply chains, which are vital amid vast urban growth and infrastructure development. The enthusiasm and support from both investors and cement producers for our technology have been evident this year, and with the funding, Carbon Upcycling is well on its way to becoming one of the most impactful carbon utilization companies that can contribute to a decarbonized energy transition in the coming decades.”

###

About Carbon Upcycling Technologies

Carbon Upcycling was formed to use the waste of today to build the materials of tomorrow by converting CO2 gas into advanced material additives. Since 2014, Carbon Upcycling has scaled its ability to utilize CO2 emissions from point sources, such as power plants, by over 10 million times in reactor size. Carbon Upcycling’s carbon-enhanced additives primarily service the concrete industry but have complementary additives that are used in plastics manufacturing, coatings, and consumer products. 

About Clean Energy Ventures

Clean Energy Ventures is a $110 million venture capital firm investing in early-stage climate tech startups that can reduce greenhouse gas emissions by 2.5 gigatons of CO2e each between now and 2050, while providing venture-grade returns to our investors. Learn more at cleanenergyventures.com.

About CEMEX

CEMEX is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: www.cemex.com

About Oxy Low Carbon Ventures

Oxy Low Carbon Ventures, LLC (OLCV) is a subsidiary of Occidental (Oxy), an international energy company with assets primarily in the United States, the Middle East and North Africa. OLCV is focused on advancing cutting-edge, low-carbon technologies and business solutions that enhance Oxy’s business while reducing emissions. OLCV also invests in the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally. Visit Carbon Innovation on oxy.com for more information.

Media Contact

Mission Control Communications

CEV@missionc2.com 

The post Carbon Upcycling Technologies Secures $6 Million to Scale Carbon-Resilient Infrastructure appeared first on Carbon Upcycling.

Advisory board members include current and former executives from Shell, World Cement Association, Carbonomics, and Kimmeridge.

Calgary, AB, October 19, 2021—Carbon Upcycling Technologies, the innovative carbon utilization company, announced today the formation of an advisory board and the addition of four new advisors, including Michael Crothers, former President and Country Chair of Shell Canada; Ian Riley, CEO of The World Cement Association; Seth Baruch, CEO of Carbonomics; and Mark Hornett, former COO of Kimmeridge Energy’s Operations Group.

“Bringing this impressive group of advisory board members together from complementary industries is a testament to the promise of Carbon Upcycling’s technology and the strength of the team we’re building here,” said Apoorv Sinha, CEO and Co-Founder of Carbon Upcycling. “We are excited to tap into the deep knowledge and broad networks of this impressive group of advisors as we focus on scaling to meet demand for low-carbon goods and achieving our goal of reducing carbon emissions through productive use of carbon in concrete.”

“It’s exciting to be contributing to the next phase of development for Carbon Upcycling, which has such a promising and innovative concept to convert waste CO₂ into a valuable product that society needs,” said Michael Crothers, who will be advising Carbon Upcycling on commercialization best practices and business development management. Michael has 37 years of operations, commercial, and leadership experience in the upstream, downstream, and integrated gas businesses, of which over 33 years were with Royal Dutch Shell.

“There’s been a huge upsurge in the voluntary carbon market recently, particularly as we’re all witnessing the increasing severity of the climate crisis, and therefore I believe that Carbon Upcycling is in a strong position to take advantage of this market trend because of the premium the market is specifically putting on carbon removals,” said Seth Baruch, CEO of Carbonomics, who will advise the company on carbon offset strategies and protocols.

Michael and Seth join the advisory board along with Ian Riley and Mark Hornett. Ian currently serves as the CEO at World Cement Association and is a Partner at WhitewaterTx, and Mark served as Chief Operating Officer of Kimmeridge Energy’s Operations Group and Managing Director of International asset and is currently a Member of the Kimmeridge Energy Advisory Board. Ian explains that “developers and other asset owners in both Europe and North America are showing serious interest in low or zero-carbon concrete. Carbon Upcycling’s technology can play an important part in delivering lower carbon concrete at scale and at a cost that is competitive with conventional products.” Ian’s excitement is echoed by Mark, who says he finds “the opportunity to be part of leading technology that can truly make a change very exciting.”

Carbon Upcycling is honoured to have Michael, Ian, Seth, and Mark join its advisory board and welcomes the wealth of knowledge that they have to offer.

About Carbon Upcycling

Carbon Upcycling is a carbon utilization company that produces CO₂-enhanced concrete additives that lower the carbon footprint of concrete by up to 20 percent. Carbon Upcycling was formed to use the waste of today to build the materials of tomorrow by converting CO₂ gas into advanced material additives. Carbon Upcycling’s carbon-enhanced additives primarily service the concrete industry but have complementary additives that are used in plastics manufacturing, coatings, and consumer products.

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Media Contact

Natalie Giglio

Carbon Upcycling Technologies

natalie@carbonupcycling.com

403-461-6396

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About Shell Canada

Shell Canada is an integrated energy company that aims to meet the world’s growing demand for energy in ways that are economically, environmentally and socially responsible. Our strategy seeks to reinforce our position as a leader in the oil and gas industry, while helping to meet global energy demand in a responsible way. Safety and environmental and social responsibility are at the heart of our activities.

About The World Cement Association

The World Cement Association, founded in 2016, is the largest independent organisation that works globally on behalf of the cement and clinker industry and its stakeholders, with offices in London and Beijing. It is a not for profit company incorporated under UK law, owned and controlled by its members.

About Carbonomics

Carbonomics® develops energy efficiency, renewable energy and microgrid projects for clients around the world. We also help local governments in California design Community Choice Aggregation (CCA) programs, which can significantly accelerate clean energy investments. And we’re a leader in helping new, hi-tech companies realize the potential of carbon credits in the US and international emission-trading markets. Carbonomics identifies greenhouse-gas (GHG) reduction opportunities, determines how projects can generate carbon credits, and guides companies through the entire process – from project inception to annual verification. Carbonomics jumps through the hoops, so our clients and partners don’t have to.

About Kimmeridge

Kimmeridge is a private equity firm based in New York and Denver focused purely on the development of low-cost unconventional oil and gas assets in the US upstream energy sector. The firm is differentiated by its direct investment approach, deep technical knowledge, active portfolio management and proprietary research and data gathering. Unlike traditional private equity firms, Kimmeridge invests directly in low cost oil and gas assets, leveraging the team’s in-house expertise and experience in geological evaluation, land acquisition and engineering.

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