Fortera secured $85 million in Series C funding to scale the deployment of its low-carbon cement technology, ReCarb, that integrates with existing infrastructure to capture industrial CO2 emissions and convert it to mineral form to achieve a ready-to-use, low-carbon cement.
“Due to the scale of the industry, we won’t have an impact on emissions unless we have an economic pathway to expand globally,” said Ryan Gilliam, CEO and co-founder of Fortera. “With the launch of our first plant [in Redding, Calif.] and the close of this funding round, we’re entering into the next phase of our development as a commercial project company to accelerate low- to zero-carbon cement deployment. It’s vital to have the financial means to put operations in place to commercialize our technology, and we are honored to have the backing and expertise of some of the most knowledgeable investment firms in project finance and the cement and concrete industry as we carve the path to zero CO2 cement.”
Full-scale ReCarb plants are expected to mineralize 165,000 tons of industrial carbon dioxide and produce approximately 375,000 tons of low-carbon cement annually. According to Fortera, its ReAct green cement has 70% less carbon dioxide per ton than ordinary cement. ReCarb also operates at a significantly reduced kiln temperature and is compatible with renewable energy integration – further reducing emissions and enabling zero CO2 cement production.
