Terra CO2 cements a $124 million Series B to reduce concrete carbon footprint
Concrete has been around for thousands of years, Terra CO2 They believe there is a better way to make ubiquitous building materials, and investors seem to agree.
The Golden, Colorado-based startup recently closed its $124.5 million Series B, offering the market a low-carbon cement alternative.
Cement – the one that combines cohesion to form concrete – weighs heavily on the climate. Joint2 Fossil fuels are released by chemical reactions that make Portland cement, the most common type of cement, and usually make up about 8% of all carbon contamination.
That’s why various startups have been exploring ways to achieve solid results on the same rock without pollution. In addition to TerraCO2, open, The sublime system, Parnaand PHNX Materials Everything has a different approach to solving the problem.
SCM is a wide range of materials that can help replace Portland cement without sacrificing the quality that makes concrete attractive. Terra CO2 creates a version of SCM that cooks rocks containing widely available silicates until they melt in glass. Glass powder reacts in the same way as Portland cement.
The startup said it is using new funds to build a large facility near Dallas, which can pump 240,000 tonnes of supplemental cement material (SCM) each year.
The new funding round for Terra Co2 was co-led by Bill Gates’ groundbreaking energy venture, Eagle Materials, Temasek-backed Genzero, and Al Gore’s Just Climate. Barclays Climate Ventures, Cemex, Prologis, and Siemens Financial Services participated.
Today, Terra CO2 says its SCM can replace up to 40% of the Portland cement used in concrete. We are also working on next-generation products that can completely replace traditional cement. Compared to Portland Cement, startup SCMs have 70% less carbon dioxide.