EDC Announcement

The funds will be used to purchase equipment that will help accelerate the development of the firm’s cleantech solution to GHG emissions through the production of cement-free, carbon-negative concrete

Montreal, February 11, 2020 – Francis Scarpaleggia, Member of Parliament for Lac-Saint-Louis, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, today announced that CarbiCrete will receive $500,000 in repayable financial support from Canada Economic Development for Quebec Regions for the acquisition of state-of-the-art production and laboratory equipment.

CarbiCrete is commercializing a carbon-negative process for the production of precast concrete. The company’s technology replaces cement in the concrete mix with steel slag and cures it with carbon dioxide, avoiding the GHG emissions associated with cement production, while permanently sequestering CO2 within the resulting concrete products.

“We are tremendously pleased and grateful to have the support of the Government of Canada,” says Chris Stern, CarbiCrete’s CEO. “These funds will help accelerate the development of our technology which is aimed at bringing sustainable and cost-effective solutions to address the growing climate crisis.”

“It is in the interest of manufacturers to digitize their operations,” says Scarpaleggia. “In addition to ensuring their competitiveness, changes around advanced technology provide opportunities to kickstart manufacturing activity in advanced economies such as Quebec’s. That is why the Government of Canada has chosen to support CarbiCrete in its efforts to modernize their activities and acquire technological equipment. I am delighted with the spinoffs that will come to the region!”

“We are continuing to work with innovative manufacturers to give them the tools they need to develop innovative technologies and processes, to the benefit of Quebec’s workers and regions,” says Joly. “Thanks to the Government of Canada’s support, they can leverage innovation, a veritable economic engine and pillar of growth, to stimulate the local economy and create good jobs in their region. As such, our manufacturing businesses are in a better position to prepare for the post-COVID-19 recovery.”

In January, CarbiCrete began operations as part of an industrial-scale pilot project housed at hardscape manufacturer Patio Drummond’s precast facility in Drummondville, Quebec.

About CarbiCrete
CarbiCrete is a Montreal-based cleantech company developing innovative, low-cost building solutions that contribute to the reduction of greenhouse gas emissions. CarbiCrete’s breakthrough patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide.

About Canada Economic Development for Quebec Regions
Canada Economic Development for Quebec Regions (CED) provides funding and support to Quebec businesses and regions with a focus on SMEs and non-profit economic organizations.

Media Contact:
CarbiCrete
Yuri Mytko
Chief Marketing Officer
514-927-9874
yuri.mytko@Carbicrete.com
Carbicrete.com

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