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, firstname.lastname@example.org, www.carboncure.com;
Invert, Caitlin O'Hara, 613 621 9638, email@example.com, www.invert.world
More Low-Carbon Energy News CarbonCure, Carbon Credits, COs, Carbon Storage,
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, firstname.lastname@example.org, www.carboncure.com
More Low-Carbon Energy News CarbonCure Technologies, Carbon Emissions, Cement, Concrete,
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, email@example.com, www.motehydrogen.com; CarbonCure Technologies, Robert Niven, CEO, (902) 442-4020, firstname.lastname@example.org, www.carboncure.com
More Low-Carbon Energy News CarbonCure, Mote Hydrogen Woody Biomass, CCUS, Hydrogen,
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., email@example.com, www.carbonbuilt.com
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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, firstname.lastname@example.org, www.carboncure.com
More Low-Carbon Energy News CarbonCure, CO2,
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, email@example.com, www.carboncure.com; Linde, www.linde.com
More Low-Carbon Energy News CCU, Carbon Capture & Utilization, CarbonCure Technology, Concrete, Linde, Cement,