Carbon Upcycling named to the 2024 Global Cleantech 100 (CNW Group/Carbon Upcycling Technologies Inc.)
CALGARY — Carbon Upcycling Technologies Inc., researching carbon capture and utilization, has been named to Cleantech Group’s 2024 Global Cleantech 100.
The cement industry accounts for approximately 7% of all global emissions. To achieve looming 2030 climate targets and transition to a net zero future, decarbonizing cement production is vital. Carbon Upcycling’s platform technology produces supplementary cementitious materials (SCM) by upcycling waste materials from other industries like steel and mining and enhancing them with CO2 sequestered from the cement kiln. Its enhanced SCM can displace carbon-intensive clinker in cement – reducing the lifecycle carbon intensity of cement by up to 60% – while improving the strength and durability of concrete by up to 40%.
The company’s commercial-scale technology is currently operating in Western Canada, with two more deployments in commission at cement plants in Eastern Canada and the United Kingdom. Carbon Upcycling’s technology is a readily scalable carbon removal and avoidance solution for the nearly 3,500 cement plants around the world that serve as the central hubs of the modern building materials industry.
“We’re honored to be named to the 2024 Global Cleantech 100 for the second consecutive year,” said Apoorv Sinha, CEO of Carbon Upcycling. “The cement and concrete industry require decarbonization solutions at a pace and scale that achieve critical 2030 climate targets. Making the Global Cleantech 100 is a testament to the rapid technology scaleup and deployment that we have achieved to date, the cement industry partners we have engaged, and the syndicate of investors supporting our team.”
