The Global Cement and Concrete Association (GCCA) revealed the first six start-ups that will be backed by its member companies as part of the first-ever Innovandi “Open Challenge” in the race to net zero by 2050.
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Silicon Valley-based materials technology company Fortera closed its $30 million Series B round, initiating the commercialization phase of its next generation low CO2 cement. The round was co-led by Temasek and Khosla Ventures, investors dedicated to accelerating efforts to achieve a net zero and sustainable global economy.
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Lehigh Hanson, a subsidiary of HeidelbergCement, and Silicon Valley-based materials technology company Fortera announced a collaboration to implement a new type of carbon capture and utilization (CCU) technology in a pilot installation at Lehigh’s Redding, Calif. cement plant.
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