Terra CO2 announced additional series B funding, securing $124.5 million in new equity capital. In addition to Series B co-leads Breakthrough Energy Ventures, Eagle Materials, GenZero and Just Climate, the round included major investment from Barclays Climate Ventures.
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Terra CO2, a leading U.S.-based low-carbon building materials company, signed Series B equity commitments for $82 million from a mix of financial and strategic investors. The funding positions Terra for rapid expansion of commercial facilities across North America and Europe.
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Terra CO2 has begun concrete trials for OPUS ZERO, a sustainable alternative to portland cement. The zero-clinker binder can be produced with globally abundant, silicate-rich feedstocks and does not require opening new mines to scale.
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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.
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Terra CO2 Technology has entered into a definitive agreement with Asher Materials for an exclusive market license of Terra’s first commercial-scale advanced processing facility in the Dallas-Fort Worth market.
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Terra CO2 Technology, developer of scalable low-carbon alternatives for cement production, reported successful use of its OPUS Supplementary Cementitious Material (SCM) product for a demonstration pour at the Porsche Sugar Land dealership site in Houston.
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Terra CO2, developer of low-carbon cementitious materials, named Chance Allen as chief operating officer and Anjy Salinas as chief financial officer, ahead of an early-2024 groundbreaking on a charter production facility for the company’s flagship offering, OPUS SCM.
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