Carbon Upcycling Technologies Raises $10M To Advance Low-Carbon Cement Systems
Carbon Upcycling Technologies has secured $10M in funding to scale its low-carbon cement materials platform. The company plans to expand operations and develop its first commercial carbon capture project at a major cement plant in Mississauga.
Carbon Upcycling Technologies has raised $10M to advance its low-carbon cement systems. The funding will support the company's first commercial carbon capture project at a cement plant in Mississauga. The project will capture carbon dioxide and convert industrial waste into usable cement substitutes. The company aims to produce up to 30,000 tonnes of these materials per year. The funding was led by ATEL Ventures and will help the company expand its operations. Carbon Upcycling Technologies plans to move into new markets, including Italy, the US, and Europe, with plans for larger facilities producing up to 300,000 tonnes per year.
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