Carbon Upcycling secures $18m to scale CO₂-to-cement technology

Carbon utilisation business Carbon Upcycling Technologies has secured an $18m investment to advance its CUT CO2 system, which captures industrial carbon dioxide emissions and converts them into low-carbon cement products.

The funding round was led by investor group Builders Vision, with support from others including venture capital firm CRH Ventures, low-carbon technologies specialist Oxy Low Carbon Ventures, and infrastructure business TITAN Group.

Apoorv Sinha, CEO of Carbon Upcycling, said the investment sets the foundation for low-carbon construction, demonstrating that it is possible, practical, profitable, and available today.

Carbon Upcycling’s technology captures CO2 directly from industrial emissions and uses it to improve solid waste byproducts, turning them into stronger cement additives. This helps reduce the amount of cement needed and lowers overall emissions.

At commercial scale, it produces materials at cost parity with or below today’s cement prices.

James Lindsay, Investment Director at Builders Vision, said, “[The] technology is widely applicable to a number of local feedstocks and quickly integrates onsite to existing production facilities, and that’s what the market needs.”

The investment comes as Carbon Upcycling is developing its first-of-its-kind carbon capture and utilisation technology project at the Ash Grove Mississauga Cement Plant.