CarbonCure Technologies Inc., a leader in the utilisation of captured carbon dioxide (CO2) in concrete production, has been named a New Energy Pioneer by Bloomberg New Energy Finance (BNEF).
Powered by Bloomberg, the global business and financial information news leader, the New Energy Pioneers programme is sponsored by BNEF and Cycle Capital Management.
“We’re honoured to be included as a BloombergNEF New Energy Pioneer,” said Robert Niven, CEO and Founder of CarbonCure.
“CarbonCure is a leader in the emerging CO2 utilisation market, and prestigious recognition of this kind will help us achieve our mission of reducing global CO2 emissions by 500 mega tonnes annually,” said Niven.
CarbonCure’s clean technology is now available in more than 130 concrete plants in North America and Asia. The company’s technology allows concrete producers and governments to meet their climate goals without capital expenditure, and to generate new cost efficiencies and infrastructure improvements.
Carbon capture and utilisation technology deployed in the concrete industry is a $400bn market opportunity and has the potential to reduce up to 1.4 gigatonnes of annual CO2 emissions by 2030, according to the Global CO2 Initiative.
“Meeting our climate targets requires new solutions from overlook industries in the climate action dialogue, such as concrete, which can have significant impacts when it comes to reducing global CO2 emissions along with building more climate resilient infrastructure,” Niven commented.
“This year we received a record number of high-quality candidates for the New Energy Pioneers programme, from across the world,” said Michael Wilshire, selection committee chair and head of strategy at BloombergNEF.
“We are heartened by the initiative, creativity and determination of these pioneers and by the impact they can have on industries and society,” Wilshire concluded.