CarbonCure Technologies has been named in the prestigious Global Cleantech 100 for the third year in a row.
Featuring companies that are best positioned to solve tomorrow’s clean technology challenges, the Global Cleantech 100 is a comprehensive list of private companies with the highest potential today to make significant market impact within a 5-10-year timeframe.
CarbonCure is a leader in the global carbon dioxide (CO2) Capture and Utilisation (CCU) industry, estimated to be valued at $800bn and contribute 7 billion metric tonnes of CO2 reductions annually by 2030. Concrete, the world’s second most abundant man-made material, is anticipated to be the earliest and largest beneficiary of this emerging class of clean technologies. By nearing its 100th completed plant retrofit, CarbonCure has shown its scalability and status as the preferred CCU technology serving the concrete and construction industries.
The proprietary CarbonCure technology is licensed without CAPEX to concrete producers to recycle waste CO2 into concrete. The CO2 is sourced from local industrial emitters and injected into concrete during production. A chemical reaction occurs whereby the CO2 is permanently converted into a fine mineral to improve the concrete strength. This material performance improvement is leveraged to further reduce the greenhouse gas emission intensity and create new cost efficiencies and a differentiated sales advantage for concrete producers.
CEO and Founder Robert Niven, commented, “We are truly honoured to receive this recognition for the third year.” He continued, “CarbonCure has worked diligently with our partners to create sustainable solutions that can be adopted and scaled globally today. We look forward to uncovering new opportunities and partners to accelerate the growth of the CO2 utilisation technology market.”