Terra CO2 Technologies Ltd, a US-based low-carbon building materials firm, has raised US$82m in Series B funding to accelerate the commercial deployment of its OPUS technology. The funding round was co-led by Just Climate (established by Generation Investment Management), Eagle Materials and GenZero, with continued support from existing investor Breakthrough Energy Ventures.
The investment will support the construction of multiple full-scale production facilities across North America, with initial development planned in Europe. Terra’s first full-scale plant is set to break ground in Texas, in partnership with Asher Materials and Eagle Materials, with option agreements in place for several 240,000t plants.
Michael Haack, president and CEO of Eagle Materials, highlighted the growing demand for supplementary cementitious materials (SCMs) as fly ash supplies decline, noting that Terra’s technology offers a sustainable, commercially viable solution within existing industry infrastructure.
Since its Series A funding, Terra has validated its OPUS technology through extensive piloting and real-world applications, including the construction of a Porsche dealership in Houston. The company was also awarded US$52.6m by the US Department of Energy to support a second commercial plant.
Terra expects additional investors to join the Series B round by late 1Q25, as interest in its cement decarbonisation technology continues to grow.
