A tech startup wants to replace traditional cement with an environmentally friendly alternative, and only the financing has secured to advance.
According to Techcrunch, the startup Terra Co2 from Golden, Colorado, concluded a financing of Series B of $ 124.5 million.
Several organizations led the financing round, including Bill Gates' Breakthrough Energy Ventures, Al Gore's Just Climate, Eagle Materials and Temasek-supported Genzero. Other participants were Barclays Climate Ventures, Cemex, Prologis and Siemens Financial Services.
Terra CO2 wants to replace Portland Cement, the most common type, with additional cement material. The specific product of the startup is opus SCM, a high-performance cement-extreme counter to replace Portland Cement in the production of concrete.
To produce SCM, the company uses widespread raw materials based on silicics, which are naturally available.
The raw materials go in the proprietary, patent-protected, carbon-poor and low nitrogen oxide reactor. It cooks the materials until they are negotiated into a glass-like powder. This powder can be used to produce concrete for which Portland cement is usually required.
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According to news, cement production accounts for 8% of all global carbon pollution. These gases armed on planets can accelerate the speed of rising temperatures and make extreme weather events, outbreaks of illness as well as food or water shortages. The consequences have an impact as they do wild animals.
If you find a better way to produce cement products, you can reduce pollution and make water, air and the soil healthier for everyone. The work of Terra CO2 helps to create a cooler, cleaner future.
The company plans to use the new financing to create an extensive facility in Dallas, Texas, via techcrunch. This system could process 240,000 tons of SCM each year and restrict the pollution caused by cement production.
Terra CO2 is not the only company that wants to solve the effects of cement on earth. Companies such as Furno, Sublime Systems, Phnx materials and Partanna have their own innovative opportunities to reduce pollution in connection with cement production.
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Steven Poulter, Head of Barclays Climate Ventures, noted: “Terra technology offers a combination of commercial readiness and cost competition” Pro Businesswire.
Bill Yeasley, CEO of Terra, added: “Terra's mandate is to deliver cement -like material solutions that the market would only buy on costs and performance, even if there is no CO2 benefit. The fact that the cementless materials from Terra also offer significant carbon reduction is an additional advantage for the built environment.”
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