Cement News tagged under: Funding
Holcim awarded grant for CCUS project in France25 October 2024, Published under Cement NewsHolcim has been selected for a new grant from the EU’s Innovation Fund for its breakthrough carbon capture and storage (CCUS) project in Martres-Tolosane, France. This grant for the CarboClearTech project marks Holcim’s seventh CCUS project, advancing the European Green Deal. Milan Gutovic, CEO of Holcim, said, “Holcim is on course to make net-zero cement and concrete a reality at scale this decade. This support from the EU Innovation Fund testifies to the strength of our engineering t... |
Cool Planet raises EUR23.7m capital to accelerate deployment of low-cost carbon capture solution23 October 2024, Published under Cement NewsCool Planet Technologies Ltd announced it raised EUR23.7m (US$25.6m) in a Series A2 funding round, led by Taranis Carbon Ventures. Other investors were CRH Ventures and BlueScopeX, along with existing investors Eni Next, NEVA SGR and Audacy Ventures. The funding will advance Cool Planet’s ambition of becoming a leading provider of highly efficient point source carbon capture solutions for industrial emissions and will also enable the company to complete the demonstration of its technology ... |
Fortera's low-carbon cement secures US$85m in funding21 October 2024, Published under Cement NewsFortera, the Silicon Valley developer of the ReCarb process, where CO 2 from cement or other industrial emissions is mineralised and converted to concrete ReAct binder agents, has secured US$85m in Series C funding. This funding is to pursue additional plant installations after this year’s charter facility deployment at the CalPortland Co mill in Redding, California. Fortera reports investment from previous investors Khosla Ventures and Temasek, plus first time investments from Wollemi Capi... |
US$3.2m grant to support algae-grown cement06 July 2022, Published under Cement NewsA team of researchers led by the University of Colorado Boulder, USA, has received a US$3.2m grant from the US Department of Energy to support the development of algae-grown cement. The university’s Will Srubar, associate professor in civil, environmental and architectural engineering, developed a way to harvest cement material from calcifying algae that consume water-dissolved CO 2 to produce limestone by photosynthesis. Algae-grown cement is carbon neutral because the same amount of C... |
Shree Cement reportedly raising over INR20bn through QIP offering19 November 2019, Published under Cement NewsIndia’s Shree Cement Ltd is reportedly in an advanced stage of raising more than INR20bn (US$278.36m) through a qualified institutional placement (QIP) offering, according to the Mint. "The money will be used for capex and debt reduction. They have been meeting investors for this purpose and are targeting to close this fundraise within this quarter," said a source for the Mint. "They could raise anywhere between INR20-INR30bn depending on demand from investors." In October the company had ... |
Huaxin Cement seeks funding for US$140m project03 December 2018, Published under Cement NewsHuaxin Cement Co Ltd is seeking the assistance of international banks to close funding on its US$140m plant in Nepal, after it secured a US$30m loan from the Export-Import Bank of China (EIBC), according to Inside International Industrials. Nanjing Golden Cement Technology Engineering Co has been confirmed as the project design firm. The design of the 3500tpd facility is expected to be completed before March 2019, with the funding also expected before then. The company plans to add one o... |
Titan successfully concludes issuance of new EUR200m notes19 December 2012, Published under Cement NewsGreece-based cement producer Titan has successfully concluded the issuance of new €200m guaranteed notes, due in January 2017. Demand from international and domestic institutional and private investors ensured that the €100m minimum issue, as executed through the exchange of existing and issuance of new notes via the Luxembourg Stock Exchange, was oversubscribed 2.9 times. The new notes bear a coupon of 8.75 per cent, the minimum rate set in the offering. The successful conclusion of th... |
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