Terra CO2 and Eagle Materials have entered into exclusive agreements for the potential deployment of multiple eco-friendly, low-carbon cementitious commercial-scale plants that would service three different geographic areas, including the Greater Denver market.
The agreements grant Eagle Materials the exclusive right to build and operate plants that produce supplementary cementitious material (SCM) in each geographic area. When developed and fully scaled, each plant would have the potential to produce approximately 240,000 tpy of SCM.
“In entering into these agreements with Terra, we’re taking bold steps today to seek solutions that reduce the carbon intensity of cementitious materials using new technologies,” said Michael Haack, CEO of Eagle Materials. “Furthermore, as the supply of other SCMs, such as fly ash, continues to decrease in availability, increased SCM development will be crucial to fulfill the needs of our customers and in meeting the expected increases in demand for cement more broadly.”
“New climate tech needs to be deployed quickly to meet 2030 and 2050 climate goals,” added Terra CEO Bill Yearsley. “Terra is working hard to accelerate the deployment of its commercial plants through strategic partnerships, deploying more capital and shortening timelines.
“We are thrilled to work with a partner like Eagle Materials to build commercial plants for sustainable construction, and act on this urgency through our shared commitment to action. In the absence of a ‘climate tech express lane’ from the government, working with industry leaders is key to innovating and expediting low-carbon solutions for the industry.”
The Eagle Materials agreement follows September’s announcement involving Terra CO2 and Texas partner Asher Materials, the latter targeting a Dallas-Fort Worth market site for 2024-2025 construction of the first commercial-scale Terra Opus SCM production facility.