#Canada #Calgary #Carbon Upcycling #Builders Vision #Cement Manufacturing

Carbon Upcycling's Significant Investment Round

Recently, Carbon Upcycling Technologies, recognized as a frontrunner in carbon and resource utilization, announced a substantial investment of $18 million. This funding round was primarily led by Builders Vision, a collective group of investors and philanthropists focusing on promoting sustainable solutions across various sectors including agriculture and ocean health. This financial backing comes at a crucial time as Carbon Upcycling advances its pioneering project for carbon capture and utilization (CCU) technology, specifically targeting the Ash Grove Mississauga Cement Plant. Alongside this initiative, the company has also signed a memorandum of agreement with the TITAN Group, which will facilitate the evaluation of additional projects at two other cement facilities.

The recent investment garnered strong support from returning investors such as the Business Development Bank of Canada and CRH Ventures, further highlighting the confidence in Carbon Upcycling's potential to revolutionize low-carbon construction materials. According to Apoorv Sinha, CEO of Carbon Upcycling, the backing from Builders Vision and their existing partners is a clear indication that there is a growing market ready for scalable solutions like the ones being developed by Carbon Upcycling. This investment not only bolsters the company's projects but also emphasizes the practical and profitable nature of low-carbon construction initiatives.

Carbon Upcycling is on the cutting-edge of producing sustainable supplementary cementitious products (SSCPs) through its innovative technology that upcycles low-value materials and captures CO₂ emissions in the process. This approach not only addresses environmental concerns but also strengthens local supply chains for essential building materials, thereby enhancing the resilience of the construction industry and reducing emission levels in cement manufacturing.

James Lindsay, Investment Director at Builders Vision, remarked on the impact of Carbon Upcycling's technology, describing it as widely adaptable to various local materials and easily integrable into existing production environments. This capability is precisely what the market demands today. Builders Vision is proud to be part of Carbon Upcycling’s journey towards establishing more sustainable practices within the construction sector, setting a new standard that could influence global operations.

With this infusion of funds, Carbon Upcycling is positioned to lead the shift towards low-carbon innovation in construction. By championing the integration of carbon capture with waste utilization, the company manages to tackle significant environmental issues while creating a solid foundation for sustainable infrastructure.

For more information about the innovative work carried out by Carbon Upcycling, visit their official website at carbonupcycling.com.

About Carbon Upcycling

Carbon Upcycling Technologies aims to reshape supply chains for tomorrow's infrastructure while offering environmentally friendly solutions for industrial waste through their patented technology that converts CO₂ emissions into valuable low-carbon cement products. The company's network includes robust partnerships with strategic investors such as Builders Vision, Climate Investment, and leading cement manufacturers including CRH and Cemex.

About Builders Vision

Builders Vision is committed to providing diverse and impactful investments across various domains, including food systems and ocean conservation. Their mission revolves around deploying capital effectively to generate both financial gains and a lasting positive impact on sustainability. Building relationships with forward-thinking leaders and innovators, Builders Vision focuses on achieving systemic change by supporting ventures that contribute substantially to the future of our planet.