The Cemex S.A.B. de C.V. corporate venture capital unit has announced an investment in Terra CO2 Holdings, Golden, Colo., developer of OPUS SCM and ZERO supplementary cementitious material and portland cement replacement binders.
Terra CO2’s reactor and processing technology is based on widely available silicate rock feedstock. Its grinding, thermal treatment and classifying equipment suits standalone plant construction or installation at existing portland cement mills.
Cemex aims to integrate Terra CO2 solutions across its operations in the Americas and Europe, positioning the producer as a leader in carbon reduction. The investment bolsters the ambitious climate goals under the Innovation & Partnerships pillar of Future in Action, the Cemex sustainability and decarbonization program.
“Our path to carbon neutrality is stronger than ever. Terra CO2 has emerged as one of the most relevant technologies in today’s market for reducing the carbon footprint at a competitive cost, making it the ideal partner,” said Cemex Ventures Investment and Open Investment Head Alfredo Carrato. “We are thrilled to highlight the synergy with this high-potential Cleantech solution validated by key industry players as we continue driving the revolution in construction and leading it toward a more sustainable future.”
“Having one of the world’s leading cement producers invest in Terra CO2 validates our technology and its role in decarbonizing the industry,” added Terra CO2 CEO Bill Yearsley. “Our approach has always been that to achieve decarbonization of cement, we need to create solutions that work as seamlessly as possible within the existing industry infrastructure. We look forward to working alongside Cemex to integrate sustainable solutions that do not disrupt our industry.”
The Cemex Ventures outlay follows Terra CO2’s $82 million funding round in February, co-led by Eagle Materials Co. The Dallas-based cement, aggregate, concrete and gypsum wallboard producer previously secured rights to build OPUS production facilities at up to three of its cement operations.
