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CarbonCure, Invert Ink Carbon Credits Agreement (Ind. Report)
CarbonCure
Date: 2022-04-20
Halifax, Nova Scotia-headquartered CarbonCure Technologies is reporting a 10-year credit purchase agreement with Invert Inc. Ripple Inc. for permanent CO2 storage through carbon mineralization. The credit purchase will facilitate increased investment in innovative technology research and development, the rapid scaling of CarbonCure's existing patented technologies across new sites and geographies, and significant reductions and removal of greenhouse gases from the atmosphere.

The funding partnership represents the largest investment to-date in durable, verifiable carbon mineralization and storage, worth $30 million (USD).

Under the agreement, Invert as a majority funder, and Ripple, a provider of enterprise crypto and blockchain solutions, as a minority funder, will provide up-front capital in exchange for hundreds of thousands of carbon credits for permanent, immediate and verifiable carbon storage, to be delivered over a ten-year period.

CarbonCure is the only carbon removal technology company with a methodology approved by Verra, the world's most widely used voluntary greenhouse gas crediting program. CarbonCure measures and tracks the CO2 from the point of capture to mineralization, allowing carbon credit buyers to trace the precise deployment date and location of the CO2 they paid to permanently store. (Source: CarbonCure, Website PR, 12 April, 2022) Contact: CarbonCure Technologies, Robert Niven, CEO, (902) 442-4020, info@carboncure.com, www.carboncure.com; Invert, Caitlin O'Hara, 613 621 9638, caitlin.ohara@invert.world, www.invert.world

More Low-Carbon Energy News CarbonCure,  Carbon Credits,  COs,  Carbon Storage,  


CarbonCure Touts 500th Carbon Tech System Sale (Ind. Report)
CarbonCure Technologies
Date: 2021-12-29
Nova Scotia, Canada-headquartered CarbonCure Technologies, a climate tech company that provides a suite of carbon dioxide removal technologies to the concrete industry, has announced the sale of its 500th system to the Don Chapin Company in Salinas, California, part of a three-plant rollout of CarbonCure Ready Mix.

CarbonCure's long-term vision is to support the complete decarbonization of the concrete manufacturing process through continued innovation and rapid scaling of its suite of carbon mineralization solutions. Year over year, CarbonCure's output of sustainable concrete increased 91 pct across the industry. According to Carbon Cure, the company's carbon removal technologies have been used in more than 15.5 million cubic yards (11.9 million cubic meters) of concrete to date -- equivalent to building the Hoover Dam 4.5 times or the Pentagon 35 times -- and have saved more than 132,000 metric tons of carbon dioxide to date -- equal to the annual emissions from 28,750 cars. (Source: Carbon Cure Technologies, PR, 16 Dec., 2021) Contact: CarbonCure Technologies, Robert Niven, CEO, (902) 442-4020, info@carboncure.com, www.carboncure.com

More Low-Carbon Energy News CarbonCure Technologies,  Carbon Emissions,  Cement,  Concrete,  


Mote Constructing CCUS, Biomass-to-Hydrogen Plant (Ind. Report)
Mote Hydrogn,CarbonCure
Date: 2021-12-20
California-based climatetech company Mote Hydrogen reports it is constructing a facility in California's Central Valley to convert woody biomass and agricultural wastes into hydrogen fuel while also capturing, using, and sequestering (CCUS) CO2 emissions that result from its process.

The company's process heats biomass in a limited-oxygen environment to above 1500 degree F, converting it to a mixture of gases that is reacted, separated, and purified into hydrogen for sale as a transportation fuel and CO2 for storage. The remaining ash is sold as a fertilizer additive.

Mote is in talks with Nova Scotia-headquartered CarbonCure Technologies on the potential of permanently storing its CO2 in concrete using CarbonCure's carbon removal technology, which is used in CO2 mineralization systems at concrete plants.

Engineering work on the facility, which is expected to produce around 7 million KGs of hydrogen and remove 150,000 metric tpy of CO2, is underway for an expected start-up in 2024. (Source: Mote Hydrogen, Website PR, Dec., 2021) Contact: Mote, hello@motehydrogen.com, www.motehydrogen.com; CarbonCure Technologies, Robert Niven, CEO, (902) 442-4020, info@carboncure.com, www.carboncure.com

More Low-Carbon Energy News CarbonCure,  Mote Hydrogen Woody Biomass,  CCUS,  Hydrogen,  


Carbon XPRIZE $7.5Mn Prize Winners Announced (Ind. Report)
Carbon XPRIZE, CarbonCure
Date: 2021-04-21
XPRIZE, the global leader in designing and implementing innovative competition models to solve the world's grandest challenges, reports that CarbonCure Technologies and Las Angeles-based CarbonBuilt Inc. have both won $7.5 million in the $20M NRG COSIA Carbon XPRIZE, a prize that set out to convert CO2 emissions into valuable products and thus help fight climate change.

Halifax, Nova Scotia-headquartered CarbonCure's technology enables the production of concrete with a reduced water and carbon footprint without sacrifice to the material's reliability. Utilizing CarbonCure Technologies system, CO2 is injected into a concrete plant's reclaimer system which contains the water used to wash out concrete trucks and mixers. The CO2 is converted to a permanently embedded mineral with strength-enhancing properties which can then be incorporated into new concrete mixes. CarbonCure is backed by Bill Gates' Breakthrough Energy Ventures, Amazon Climate Pledge Fund and others.

Los Angeles-based UCLA CarbonBuilt Inc. technology reduces the carbon footprint of concrete by more than 50 pct while reducing raw material costs and increasing profitability. The CarbonBuilt concrete formulation significantly decreases the need for ordinary Portland cement while enabling the increased use of low-cost waste materials. During the curing process, CO2 is directly injected from flue gas streams (like power plants or cement factories) into the concrete mixture where it is chemically transformed and permanently stored. Development began at the UCLA Samueli School of Engineering in 2014 with support from private and corporate sponsors, the U.S. DOE and others.

Launched in 2015, the NRG COSIA Carbon XPRIZE was a five-year global competition developed to address rising CO2 emissions by challenging innovators around the world to develop breakthrough technologies that convert the most CO2 into products with the highest net value. (Source: XPRIZE, PR Website, 19 Apr., 2021) Contact: Carbon XPRIZE, www.carbon.xprize.org; CarbonCure, Jennifer Wagner, Pres., (902) 442-4020, www.carboncure.com; CarbonBuilt Inc., info@carbonbuilt.com, www.carbonbuilt.com

More Low-Carbon Energy News Carbon XPRIZE,  Carbon Cure,  Carbon Emissions,  Climate Change,  


Amazon Invests in Climate Technology Startups (Ind. Report)
Amazon, Climate Change
Date: 2020-09-18
Amazon, which pledged to have "net zero" emissions by 2040, has named the first recipients of money from the $2 billion Climate Pledge venture fund it rolled out in June to help companies develop climate friendly technologies. The dollar amounts of the each individual investment have not been announced to the following recipients:
  • CarbonCure Technologies, a firm with technology that sequesters CO2 in concrete. (902) 442-4020, info@carboncure.com, www.carboncure.com

  • Pachama, which provides forest carbon offsets and touts use of machine learning and satellite imagery to measure and verify CO2 removal. info@pachama.com, www.pachama.com

  • Redwood Materials, the battery and electronic waste recycling company launched by Tesla's former chief technology officer. info@redwoodmaterials.com, www.redwoodmaterials.com

  • Turntide Technologies, which provides efficient electric motors. 669-224-4377, www.turntide.com (Source: Amazon, PR, Axios, 17 Sept., 2020) Contact: Amazon, amazon-pr@amazon.com, www.amazon.com/pr

    More Low-Carbon Energy News Amazon,  Climate Change,  Carbon Emissions,  CarbonCure,  


  • CarbonCure Joins World Cement Association (Ind. Report)
    CarbonCure
    Date: 2020-06-05
    In London, the World Cement Association has announced that Nova Scotia, Canada-based CarbonCure has joined its international community as an Associate Corporate Member.

    CarbonCure technology injects waste CO2 captured by industrial gas suppliers into concrete during mixing, enabling the production of stronger, more sustainable concrete. Every cubic metre of concrete made with this technology reduces an average of 17 kg of carbon emissions, meaning an average high-rise built with CarbonCure concrete would save approximately 680 tonnes of CO2 emissions.

    CarbonCure's technology is installed in nearly 250 concrete plants across North America and Southeast Asia, with more than 4.2 million cubic metres of concrete supplying a wide range of construction projects from airports, roads to high-rise towers. (Source: World Cement, PR, 2 June, 2020) Contact: World Cement Assoc., Ian Riley, CEO , +44 333 939 80 83, www.worldcementassociation.org; CarbonCure Technologies, Robert Niven, CEO, (902) 442-4020, info@carboncure.com, www.carboncure.com

    More Low-Carbon Energy News CarbonCure,  CO2,  


    CarbonCure, Linde Announce Strategic Alliance (Ind. Report)
    CarbonCure Technology
    Date: 2019-08-09
    Nova Scotia-based Canadian clean technology innovator CarbonCure Technologies (CarbonCure) and industrial gases specialist Linde, the world's largest industrial gas supplier, have partnered to introduce CarbonCure Technology to Europe, Southeast Asia and Oceania.

    The CarbonCure Technology enhances the competitiveness of the concrete industry through improved production efficiency and sustainability. The technology injects a precise dosage of captured waste carbon dioxide (CO2) into concrete during production. Once introduced, the CO2 chemically converts to a nano-mineral, creating manufacturing efficiencies while reducing the concrete's carbon footprint.

    The CarbonCure Technology is presently installed in nearly 150 concrete plants in North America and Southeast Asia, with more than 2.3 million cubic meters of concrete supplying a wide range of construction projects from airports, roads to high-rise towers.

    CarbonCure, the world leader in carbon capture and utilization (CCU) technology used in the production of concrete, is on a pathway to reduce 500 megatons of CO2 emissions annually. CarbonCure technology is estimated to be a $400 billion market opportunity with the potential to reduce up to 1.4 gigatons of annual CO2 emissions by 2030, according to the Global CO2 Initiative. (Source: CarbonCure, PR, 8 Aug., 2019) Contact: CarbonCure Technologies, Robert Niven, CEO, (902) 442-4020, info@carboncure.com, www.carboncure.com; Linde, www.linde.com

    More Low-Carbon Energy News CCU,  Carbon Capture & Utilization,  CarbonCure Technology,  Concrete,  Linde,  Cement,  

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