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Green cement company Ecocem has announced the completion of a €22.5 million equity investment by Breakthrough Energy Ventures (BEV) and Breakthrough Energy Ventures-Europe (BEV-E). BEV will also nominate a director to the company’s Board of Directors.
This investment will enable Ecocem to bring new ultra-low-carbon cements to the market over the coming years. These new products will draw on Ecocem’s deep knowledge in slag-based cements and incorporate new materials and technologies developed by the company.
The manufacture of cement generates 7% of global CO
2 emissions. Progress in decarbonisation has been limited by the high level of process-related CO
2 emissions of cement clinker manufacture. The sector faces high investment and high operating costs from the deployment of Carbon Capture and Storage/Use (CCSU) beyond 2030. Only limited further decarbonisation potential is foreseen this decade.
Published: Friday, May 7, 2021
Silicon wafers produced by Massachusetts company 1366 Technologies are pictured. Photo credit: 1366 Technologies
Silicon wafers produced by Massachusetts company 1366 Technologies are pictured. 1366 Technologies
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