Canadian cleantech company CarbonCure has announced Mitsubishi Corporation and Carbon Direct as new investors, representing increased commitment to tackling the carbon footprint of concrete.
In addition to new investors, CarbonCure has also said that 2150 and GreenSoil Investments increased their participation in the company.
“This investment by new and existing strategic partners is yet another endorsement of CarbonCure as one of the leading CDR solutions in the construction industry,” said Robert Niven, CEO and Founder of CarbonCure Technologies.
The latest round of investments represents the growing recognition of CarbonCure’s CDR technologies to tackle the immense carbon footprint of concrete.
CarbonCure’s technology enables concrete producers to continue manufacturing the same reliable concrete while permanently removing carbon dioxide from the atmosphere.
“We are thrilled to work together with CarbonCure and support its deployment in Japan and Asian region,” said Yusuke Tsuji, Leader, Low Carbon Taskforce, Mitsubishi Corporation.
“Climate change is no exception, and we strive to lead the low carbon transition of the global cement and concrete industry with advanced CO₂ technologies like CarbonCure.”
“Carbon Direct’s mission is to scale carbon removal and utilisation into a major global industry, so CarbonCure is an ideal fit for our investment portfolio.” said Jonathan Goldberg, CEO of Carbon Direct.
“The company’s growth equity fund makes private investments in leading technology providers to the carbon removal and utilization ecosystem.”