Terra Co2 holds $ 124 million in the B series to reduce carbon fingerprint from concrete

Concrete has been present for thousands of years, however Carbon dioxide It is believed that it has a better way to make building materials everywhere, and it seems that investors agree.

Golden, which has recently closed Colorado, closed the B series of $ 124.5 million to help provide a low -carbon cement replacement to the market.

Cement – the things that connect the total together to form concrete – highly weighs on the climate. Subscriber₂ It was released by the chemical reaction that makes Portland cement, the most common type of cement, and fossil fuel that usually represents about 8 % of carbon pollution.

This is why a group of startups explores ways to obtain the same solid results without pollution. In addition to Terra Co2, Franoand Semitic systemsand PartannaAnd PhNX materials They all have different ways to solve the problem.

SCM is a wide range of materials that replace Portland cement without sacrificing any of the characteristics that make concrete attractive. Terra Co2 makes a copy of SCM, which is widely cooked widely of rocks that contain silicate until it melts in the glass. Glass powders interact similarly to Portland.

The startup said it will use the new financing to build a huge facility near Dallas capable of pumping 240,000 tons of complementary concrete materials (SCM) annually.

The new Terra Co2 financing round was led by Bill Gates’s Breakthrough Energy Ventures, Eagle Mateials and Temasek supported by Genzero, and the Adel AL Gore climate. Barclays Climate Ventures, Cerex, Prologis, Siemens Financial Services.

Today, Terra Co2 says that SCM can replace up to 40 % of Portland cement used in concrete. It also works on the next generation of its product that can completely remove traditional cement. Compared to Portland Center, SCM is born to start operating 70 % less carbon dioxide.