CMU Board

The carbon removal technology company is among the first investments of BDC’s Climate Tech Fund II

Montreal, November 15, 2022 – CarbiCrete announced today that it has secured $5M USD in secure convertible note financing from BDC Capital’s newly launched Climate Tech Fund II.  This funding is in addition to CarbiCrete’s previously announced $23.5M Series A financing round and $3.4M in grant funding from NGen – Canada’s Advanced Manufacturing Supercluster. The funds will be used for working capital, product development, and building out business development and marketing operations.

CarbiCrete’s process for the production of precast concrete replaces cement in concrete with industrial by-products and cures it with carbon dioxide, avoiding the GHG emissions associated with cement production, while permanently sequestering CO2. For every tonne of concrete produced using this process, 150 kg of CO2 are abated/removed.

“We are tremendously proud to be among the first financing recipients of BDC’s new Climate Tech Fund II,” says Chris Stern, CarbiCrete’s CEO. “Canada is a global leader in CCUS technology development and investments like these indicate clearly that BDC believes that carbon removal technologies like ours are essential to the decarbonization of the built environment.”

“Enabling the scale-up of CarbiCrete’s technology, which delivers truly innovative carbon-negative building materials that permanently sequester carbon dioxide, is exactly what BDC’s Climate Tech Fund II was designed to do. This type of technology is critical to reducing GHG emissions and helping Canada reach its net zero goals,” said Pascal Lanctot, Principal, Investments in BDC Capital’s Cleantech Practice.

On November 2, BDC announced the launch of its new $400M Climate Tech Fund II, a renewed commitment to play a leadership role in creating world-class Canadian cleantech champions. The new envelope brings the Fund’s committed investments in the innovative cleantech/climate tech sector to $1 billion.

In the coming weeks, CarbiCrete will begin commercial operations at its pilot facility housed at hardscape manufacturer Patio Drummond’s precast plant in Drummondville, Quebec. The project will yield the world’s first commercially-available carbon-negative concrete blocks.

About BDC Capital

BDC Capital is the investment arm of BDC, Canada’s Business Development Bank. With over $6 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. bdc.ca/capital.

About CarbiCrete

CarbiCrete is a Montreal-based carbon removal technology company whose patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide. For every ton of concrete produced using the CarbiCrete process, 150 kg of CO2 are abated/removed. CarbiCrete was named to the Cleantech Group’s Global Cleantech 100 list for the second time in January 2022. CarbiCrete.com

Media Contacts:

CarbiCrete
Yuri Mytko
Chief Marketing Officer
514-927-9874
yuri.mytko@CarbiCrete.com
CarbiCrete.com

BDC
Media Relations
mediainfo@bdc.ca

The concrete industry veteran will be the company’s new Chief Operating Officer

Montreal, September 19, 2022 – CarbiCrete is pleased to announce that Gary Belisle will take on the role of Chief Operating Officer.

Belisle has spent the last two decades as a senior executive in the concrete industry including six years as President and CEO of Permacon, Canadian Architectural Products Division. Permacon is Canada’s largest manufacturer of concrete products and part of CRH, the third largest producer of building construction materials in the world.

As CEO, Belisle was responsible for the restructuring of the company’s Quebec and Ontario sales and operations organizations, and led the acquisition of three manufacturing plants in Ontario, as well as a Quebec-based competitor with one manufacturing plant and three distribution centres. During his six-year tenure as CEO, the company experienced significant sales and profit growth. Belisle also spent eight years as Permacon’s Chief Financial Officer.

From 2013 to 2016, Belisle sat on the board and executive committee of the National Concrete Masonry Association (NCMA).

Most recently, he led the start-up of a fiberglass pool manufacturing division for Rinox, a privately-owned concrete products company. He acted as General Manager and Divisional President of the new entity, Aquarino Pools Inc. In 2021, he led the acquisition of Dolphin Fiberglass Pools, a well-established competitor based in Trenton Ontario.

Previously, Belisle served as Vice-President, Finance and Administration at telecommunications firm Elyps Dispatch Solutions, and as director of DMR Consulting Group’s SAP practice in Quebec and the Maritimes.

“This is a terrific hire for us,” says Chris Stern, CarbiCrete’s CEO.  “Gary is a rockstar in the concrete industry and our company is at a critical juncture. I am confident that with his many years of leadership experience, Gary will help propel CarbiCrete toward becoming the world’s leading player in carbon removal through concrete production.”

Belisle began his career in the Canadian Armed Forces as a Naval Officer specializing in finance and logistical support. He earned an MBA from the University of Sherbrooke, a Diploma in Management Accounting from St-Mary’s University, and a bachelor’s degree in Business Administration from the Royal Military College in St-Jean, Quebec. Belisle is also a holder of the CPA/CMA designation and has been a guest lecturer in the Carleton University MBA program.

About CarbiCrete

CarbiCrete is a Montreal-based carbon removal technology company whose patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide. For every ton of concrete produced using the CarbiCrete process, 150 kg of CO2 are abated/removed. CarbiCrete was named to the Cleantech Group’s Global Cleantech 100 list for the second time in January 2022. CarbiCrete.com

Media Contact:

CarbiCrete
Yuri Mytko
Chief Marketing Officer
514-927-9874

yuri.mytko@CarbiCrete.com

CarbiCrete.com

The sustainable industry expert will be building a global sales team and leading the company’s business development initiatives

Montreal, September 12, 2022 – CarbiCrete is pleased to announce the hiring of John Kardos as Vice-President, Business Development.

Kardos will be responsible for the development and execution of business development strategies that lead to exponential growth. He will be building CarbiCrete’s global sales team and will be the chief manager of relationships with customers and strategic partners of the company.

A seasoned leader in sustainable industry, Kardos has spent the better part of his career directing high-performing sales and business development teams in the transportation sector, holding senior executive roles at Volvo Bus (Nova Bus), Stantec, and Bombardier Transportation.

Most recently, he was Vice President, Business Development & Sales (Composites) at NanoXplore, an international chemical and composite parts manufacturing company for transport and industrial applications.

“With over 30 years’ experience in sustainable industry,” says Chris Stern, CarbiCrete’s CEO.  “John brings with him a wealth of knowledge and expertise when it comes to forging lasting relationships with a wide variety of industry players all over the world. His experience working with both SMEs and multinationals is a tremendous asset. I am very pleased to welcome him into the CarbiCrete family and look forward to working alongside him to bring our ground-breaking carbon removal technology to market.”

Kardos holds a BA in Commerce from Western University, and an International MBA from York University’s Schulich School of Business.

About CarbiCrete

CarbiCrete is a Montreal-based carbon removal technology company whose patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide. For every ton of concrete produced using the CarbiCrete process, 150 kg of CO2 are abated/removed. CarbiCrete was named to the Cleantech Group’s Global Cleantech 100 list for the second time in January 2022. Carbicrete.com

Media Contact:

CarbiCrete
Yuri Mytko
Chief Marketing Officer
514-927-9874

yuri.mytko@carbicrete.com

carbicrete.com

The new Future 50 ranking from Corporate Knights recognizes the fastest-growing Canadian companies whose business activities align with the transition to a global clean economy.

Montreal, June 3, 2022 – CarbiCrete has been ranked among the fastest-growing sustainable companies in Canada in the inaugural Corporate Knights Future 50 ranking.

In April, CarbiCrete closed a $23.5M Series A financing round. A few weeks later, the company announced that it had secured $3.4M in funding from NGen – Canada’s Advanced Manufacturing Supercluster – to support an $8 million project to implement and optimize CarbiCrete’s carbon-negative concrete manufacturing process at industrial scale.

CarbiCrete’s process for the production of precast concrete replaces cement in concrete with industrial by-products and cures it with carbon dioxide, avoiding the GHG emissions associated with cement production, while permanently sequestering CO2 within the resulting concrete products. For every tonne of concrete produced using this process, 150 kg of CO2 are abated/removed.

Selected from a pool of 6,115 Canadian companies (1,100 public, 4,015 private), the ranking is made up of the fastest-growing 25 publicly traded companies (year-over-year revenue growth %) and the fastest-growing 25 privately owned companies (growth % in capital raised from two most recent funding rounds) whose business activities align with the transition to a global clean economy.

Corporate Knights, a Canadian media and research B Corp committed to advancing a sustainable economy, has been producing global corporate and fund rankings for nearly 20 years. While its flagship ranking profiles the Global 100 Most Sustainable Corporations in the World, the Future 50 Fastest Growing Sustainable Companies in Canada looks to feature emerging companies whose energy and innovation leaves them poised to be the market leaders in the future.

“We’re honoured to be among those recognized by Corporate Knights in this ranking,” says Chris Stern, CarbiCrete’s CEO. “Our technology avoids cement-related emissions, makes use of waste by-products and removes carbon dioxide. Many of the other companies listed are working on complementary decarbonization solutions, and we look forward to working with some of them to reduce embodied carbon in the built environment.”

This summer, CarbiCrete will begin commercial operations at its pilot facility housed at hardscape manufacturer Patio Drummond’s precast plant in Drummondville, Quebec. The project will yield the world’s first commercially-available carbon-negative concrete blocks.

About CarbiCrete

CarbiCrete is a Montreal-based carbon removal technology company developing innovative, low-cost building solutions that reduce greenhouse gas emissions. CarbiCrete’s patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide. For every ton of concrete produced using the CarbiCrete process, 150 kg of CO2 are abated/removed. CarbiCrete was named to the Cleantech Group’s Global Cleantech 100 list for the second time in January 2022. Carbicrete.com

About Corporate Knights

Corporate Knights Inc. is an independent media and research B Corp committed to advancing a sustainable economy that supports both people and the planet.

Since 2002, Corporate Knights has published an award-winning quarterly magazine. It is distributed in The Globe and Mail, The Wall Street Journal and The Washington Post. With a circulation of more than 126,000, Corporate Knights magazine is the most prominent publication dedicated to advancing a sustainable economy.

The Corporate Knights research division produces global corporate and fund rankings. Its flagship ranking is the Global 100 Most Sustainable Corporations in the World, released each year during the World Economic Forum. corporateknights.com

Media Contact:

CarbiCrete
Yuri Mytko
Chief Marketing Officer
514-927-9874

yuri.mytko@Carbicrete.com

Carbicrete.com

NGen Funding Announcement

The funds will be used to implement and optimize an advanced manufacturing process for the production of the world’s first commercially-available carbon-negative concrete blocks

Montreal, May 26, 2022 – CarbiCrete has announced that NGen – Canada’s Advanced Manufacturing Supercluster – will provide $3.4 million in Supercluster funding to support an $8 million project led by CarbiCrete, with partners Patio Drummond and Innovobot Labs, to implement and optimize CarbiCrete’s carbon-negative concrete manufacturing process at industrial scale.

“The world uses billions of tonnes of concrete every year, accounting for 8% of global emissions,” said the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry. “Canada is a leader in the effort to decarbonize cement, and innovators like CarbiCrete are developing clean tech breakthroughs that will have a truly global impact. We are proud to support innovators like CarbiCrete as they deliver environmentally conscious solutions in a growing global market.”

CarbiCrete’s process for the production of precast concrete replaces cement in concrete with industrial by-products and cures it with carbon dioxide, avoiding the GHG emissions associated with cement production, while permanently sequestering CO2 within the resulting concrete products. For every tonne of concrete produced using this process, 150 kg of CO2 are abated/removed.

CarbiCrete’s CEO, Chris Stern, says that the NGen funding will help establish an industrial-scale, advanced manufacturing process that will set the foundation for CarbiCrete’s commercial manufacturing model.

“Once this process is optimized, it will position Canada as the undisputed world leader in sustainable concrete,” says Stern. “Making a global impact on reducing embodied carbon in the built environment will require a host of complementary solutions, but there is no single process that is more effective than CarbiCrete’s when it comes to abating and removing CO2 in concrete production.”

The industrial implementation of CarbiCrete’s advanced manufacturing process will occur at hardscape manufacturer Patio Drummond’s precast facility in Drummondville, Quebec and will yield the world’s first commercially-available carbon-negative concrete blocks. Patio Drummond Co-Owner, Philipe Girardin has indicated that he intends to convert his entire line-up of drycast products to CarbiCrete technology.

“We know that customers are looking for sustainable building materials, and we want to be the first ones to offer a carbon-negative concrete product.” says Girardin.

Project partner Innovobot Labs will be building a software platform to collect data for production validation, tracking, analysis, and optimization.

“We are thrilled about Innovobot Labs’ collaboration with CarbiCrete”, says Fadi Albatal, President of Innovobot Labs. “This project is a clear demonstration of the Innovobot Labs model. We are building a true open innovation partnership with CarbiCrete. We are developing a technology and intellectual property together and sharing the risk as much as the reward. This is how we create real value.”

In August of 2021, CarbiCrete sold a portion of the abatement and removal credits that will be generated by this initial production run to Spin, the micromobility subsidiary of Ford Motor Company.

CarbiCrete recently announced that it had closed a $23.5M Series A financing round led by FS Investors, a private investment entity based in La Jolla, California. Other investors in this round included Arc Energy Fund 9, the Fonds de solidarité des travailleurs du Québec, Fondaction, MKB Partners, Saint-Gobain Ceramics and Plastics, Aera Investments, New Climate Ventures, Something Good Ventures and Innovobot.

About CarbiCrete

CarbiCrete is a Montreal-based carbon removal technology company developing innovative, low-cost building solutions that reduce greenhouse gas emissions. CarbiCrete’s patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide. For every ton of concrete produced using the CarbiCrete process, 150 kg of CO2 are abated/removed. CarbiCrete was named to the Cleantech Group’s Cleantech Global 100 list for the second time in January 2022. Carbicrete.com

About NGen

NGen is the industry-led, not-for-profit organization that leads Canada’s Advanced Manufacturing Supercluster. Its mandate is to help build world-leading advanced manufacturing capabilities in Canada for the benefit of Canadians. NGen works to strengthen collaboration among its membership of more than 4,500 manufacturers, technology companies, innovation centres, and researchers, and provides funding and business support to industry-led initiatives that aim to develop, apply, or scale-up transformative manufacturing solutions in Canada for commercialization in global markets. ngen.ca

Media Contact:

CarbiCrete
Yuri Mytko
Chief Marketing Officer
514-927-9874

yuri.mytko@Carbicrete.com

Carbicrete.com

Travis Bradford

The energy and natural resource markets expert led CarbiCrete’s Series A fundraising efforts

CarbiCrete is pleased to announce that Travis Bradford has taken on the role as its first Chief Strategy Officer.

Travis has already been involved with CarbiCrete for the last year as a strategic advisor, leading the company’s fundraising efforts, which culminated in an $18M USD Series A round. Among his responsibilities as Chief Strategy Officer will be strategic development, business planning and forecasting, business relationship structure, and carbon monetization, as well as legal aspects of commercial and IP strategy.

An expert in energy and natural resource markets, Bradford has taught energy markets and innovation over the last 15 years at Columbia, Duke, and the University of Chicago. He is the founder and president of the Prometheus Institute for Sustainable Development, which has helped to launch organizations such as Greentech Media and the Carbon War Room, among others. He has also served as board member, executive Chairman, and Strategic Advisor for dozens of public and private companies in the US, Canada, and elsewhere over the last three decades.

Bradford holds a B.A. in finance from Georgia State University, an MBA from New York University Stern School of Business, and an MPP from the Harvard Kennedy School. He is the author of Solar Revolution: The Economic Transformation of the Global Energy Industry and The Energy System: Technology, Economics, Markets, and Policy, both published by MIT Press.

“I would like to formally welcome Travis in his enhanced role,” says Chris Stern, CarbiCrete’s CEO. “He has already made a profound impact on the company in his capacity as advisor and by playing an instrumental role in our recent capital raise. He is a very strong addition to our team, and his skills as an innovation strategist will be invaluable as we scale the company to bring our carbon-negative solution to the world.”

Saint-Gobain and Aera VC Invest in CarbiCrete

International financing will help support market expansion for CarbiCrete’s concrete carbon removal technology

Montreal, April 27, 2022 – CarbiCrete has announced that France’s Saint-Gobain and Singapore-based Aera VC have joined CarbiCrete’s Series A fundraising round.

Led by FS Investors, the round’s diverse investor base includes Arc Energy Fund 9, Fonds de Solidarité FTQ, Something Good Ventures, New Climate Ventures, Fondaction, MacKinnon, Bennett & Co. (MKB), and Innovobot.

CarbiCrete’s carbon-negative process for the production of precast concrete replaces cement in concrete with industrial by-products and cures it with carbon dioxide, avoiding the GHG emissions associated with cement production, while permanently sequestering CO2 within the resulting concrete products. For every tonne of concrete produced using this process, 150 kg of CO2 are abated/removed.

“Saint-Gobain has a long-standing commitment to reducing our environmental impact and is working to achieve net zero carbon by 2050,” says Minas Apelian, Vice President, External and Internal Venturing, Saint-Gobain.

“As cement and concrete are significant contributors of CO2 emissions worldwide, our investment in CarbiCrete to help develop and scale their technology aligns with our ambition for carbon neutrality as we work toward our purpose of making the world a better home.”

“CarbiCrete offers a revolutionary carbon negative solution to a $600B global industry that accounts for up to 8% of greenhouse gas emissions,” says Milena Nikolova of Aera VC. “As a global fund investing to reverse climate change, we are delighted to back their mission to decarbonise the industry.”

CarbiCrete’s CEO, Chris Stern, says that securing international funds will help support CarbiCrete’s expansion into new markets.

“These are strong international additions to our already robust investor base,” says Stern.

“In addition to financing, the involvement of these investors opens the door to a variety of strategic opportunities that will help propel CarbiCrete from an innovative Canadian technology to a global, state-of-the-art carbon removal method.”

“Saint-Gobain is an international leader in sustainable construction and we look forward to working with them on commercializing our carbon-negative technology in France and beyond.”

“Aera’s commitment to backing breakthrough technologies that reverse climate change, and their being located in Singapore, make them the perfect strategic partner for entry into the Asian markets.”

In December, CarbiCrete announced the launch of its commercial pilot housed at hardscape manufacturer Patio Drummond’s precast facility in Drummondville, Quebec that will yield the world’s first commercially-available carbon-negative concrete blocks.

In August of 2021, CarbiCrete sold a portion of the abatement and removal credits that will be generated by the commercial pilot to Spin, the micromobility subsidiary of Ford Motor Company.

About CarbiCrete

Carbicrete logoCarbiCrete is a Montreal-based carbon removal technology company developing innovative, low-cost building solutions that reduce greenhouse gas emissions. CarbiCrete’s patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide. For every ton of concrete produced using the CarbiCrete process, 150 kg of CO2 are abated/removed. CarbiCrete was named to the Cleantech Group’s Global Cleantech 100 list for the second time in January 2022. Carbicrete.com

About Saint-Gobain

Saint-Gobain logoWorldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€44.2 billion in sales in 2021
166,000 employees, locations in 75 countries
Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain, visit saint-gobain.com and follow Saint-Gobain on Twitter @saintgobain

About Aera VC

AeraVC logoAera VC invests at the frontier of deep technology and sustainability to accelerate the world to a better future. Since launching in late 2016 the company has pioneered investments into transformational technologies to reverse climate change and advance new breakthroughs for humanity. Aera.vc

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

Investments from Fonds de Solidarité FTQ, Fondaction, Fonds économie circulaire and MKB will support the continued development and commercialization of carbon-negative concrete products

Montreal, April 20, 2022 – CarbiCrete has announced that Fonds de Solidarité FTQ, Fondaction, Fonds économie circulaire, and MacKinnon, Bennett & Co. (MKB) have joined CarbiCrete’s Series A investor base with a cumulative investment of $6M USD bringing the raise total to $18M USD with more investments to be announced in the coming weeks.

On March 24, CarbiCrete announced a $12M in investments from FS Investors, Arc Energy Fund 9, Something Good Ventures, New Climate Ventures and Innovobot (also based in Quebec).

CarbiCrete’s carbon-negative process for the production of precast concrete replaces cement in concrete with industrial by-products and cures it with carbon dioxide, avoiding the GHG emissions associated with cement production, while permanently sequestering CO2 within the resulting concrete products. For every tonne of concrete produced using this process, 150 kg of CO2 are abated/removed.

“CarbiCrete’s technology shows that innovation can help reduce GHG emissions, even in more traditional industries such as concrete manufacturing. Thanks to such investments, the Fonds de solidarité FTQ is supporting both the fight against climate change et good quality jobs, the key elements of a just energy transition,” said Christian G. Brosseau, Vice-President, Private Capital and Impact Investment for Strategic Capital, Energy and Environment at the Fonds de solidarité FTQ.

CarbiCrete’s CEO, Chris Stern, says that ensuring that the lion’s share of incoming investments come from Canadian sources was a priority for the company.

“We’re a Quebec-based Canadian company,” says Stern, “We want to continue generating IP and developing carbon removal technology in Canada, before we share our homegrown carbontech solution with the rest of the world. Our current investor base, which includes significant contribution from Quebec-based entities, will allow us to do that.”

In December, CarbiCrete announced the launch of its commercial pilot housed at hardscape manufacturer Patio Drummond’s precast facility in Drummondville, Quebec that will yield the world’s first commercially-available carbon-negative concrete blocks.

In August of 2021, CarbiCrete sold a portion of the abatement and removal credits that will be generated by the commercial pilot to Spin, the micromobility subsidiary of Ford Motor Company.

About CarbiCrete
CarbiCrete is a Montreal-based carbon removal technology company developing innovative, low-cost building solutions that reduce greenhouse gas emissions. CarbiCrete’s patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide. For every ton of concrete produced using the CarbiCrete process, 150 kg of CO2 are abated/removed. CarbiCrete was named to the Cleantech Group’s Cleantech Global 100 list for the second time in January 2022. Carbicrete.com

Media Contact:

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

CarbiCrete Secures $12 Million USD

The financing is being led by California-based FS Investors and will support the continued development and commercialization of carbon-negative concrete products

Montreal, March 24, 2022 – CarbiCrete has announced the first close of its Series A financing round, securing $12M USD. A second close is anticipated in the coming weeks.

CarbiCrete’s carbon-negative process for the production of precast concrete replaces cement in concrete with industrial by-products and cures it with carbon dioxide, avoiding the GHG emissions associated with cement production, while permanently sequestering CO2 within the resulting concrete products. For every tonne of concrete produced using this process, 150 kg of CO2 are abated/removed.

CarbiCrete secured its first close from a strong and diverse investor base led by FS Investors, a private investment entity based in La Jolla, California. Other investors include Arc Energy Fund 9, Something Good Ventures, New Climate Ventures and Innovobot.

“Concrete is one of the most heavily used substances on Earth but production of its key ingredient, cement, accounts for 8% of global greenhouse gas emissions,” says Kevin Rahill, Vice-President of FS Investors. “We are excited to partner with CarbiCrete and by the prospect of its carbon-negative processes to turn a global climate problem into a global climate solution.”

“We believe CarbiCrete’s process and cost competitiveness relative to traditional concrete manufacturing are unique advantages that will allow CarbiCrete to scale rapidly and we are very pleased to partner with a company providing a clear path to reducing global greenhouse gas emissions,” says Nishka Gupta, Senior Vice-President of ARC Financial. “ARC is committed to supporting high quality businesses that are addressing the world’s energy and sustainability needs.”

CarbiCrete’s CEO, Chris Stern, says that the current financing will allow CarbiCrete to continue growing its team, its product portfolio and its commercialization efforts.

“In the last year,” says Stern, “We’ve tripled our staff and moved into a state-of-the-art R&D facility where our team is working hard to find ways of maximizing the amount of CO2 we can remove from the atmosphere and use in high-quality but affordable construction and landscaping products.”

In 2020, CarbiCrete raised a $10M USD in equity and grants.

Commercialization Project Underway in Quebec

In December, CarbiCrete announced the launch of its commercial pilot housed at hardscape manufacturer Patio Drummond’s precast facility in Drummondville, Quebec that will yield 2,400 CMUs per day. These will be the world’s first commercially-available carbon-negative concrete blocks. The pilot will subsequently be scaled up to full scale production

“We’re seeing a huge appetite for our solution which can make a substantial impact in decarbonizing the built environment, and we are working with a number of concrete producers to develop carbon-negative versions of the CMUs, landscaping products and retaining walls they currently produce. This new injection of funding will accelerate our ability to achieve our goals with identified customers in Quebec, Ontario, and Europe.” says Stern.

In August of 2021, CarbiCrete sold a portion of the abatement and removal credits that will be generated by the commercial pilot to Spin, the micromobility subsidiary of Ford Motor Company.

About CarbiCrete

CarbiCrete is a Montreal-based carbon removal technology company developing innovative, low-cost building solutions that reduce greenhouse gas emissions. CarbiCrete’s patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide. For every ton of concrete produced using the CarbiCrete process, 150 kg of CO2 are abated/removed. CarbiCrete was named to the Cleantech Group’s Cleantech Global 100 list for the second time in January 2022. Carbicrete.com

Media Contact:

CarbiCrete
Yuri Mytko
Chief Marketing Officer
514-927-9874

yuri.mytko@Carbicrete.com

Carbicrete.com

The Montreal company has once again been selected for Cleantech Group’s list of companies committed to taking action on the climate crisis

Montreal, January 13, 2022 – CarbiCrete has been named to the 2022 Global Cleantech 100 list which includes the most innovative companies in cleantech globally.

The list is curated by Cleantech Group, a San Francisco-based organization that supports the development and marketability of clean technologies. This year, over 10,000 companies were considered for the list.

This is the 13th edition of the widely-respected annual guide. The list included entries from 94 countries, and the sectors covered include Agriculture & Food, Enabling Technologies, Energy & Power, Materials & Chemicals, Resources & Environment and Transportation & Logistics.

“We have the science and ingenuity to solve most of the issues and there is the investment capital, in both private and public markets, to propel a three-decade transformation, to net zero.,” said Richard Youngman, CEO, Cleantech Group.

“The 2022 Global Cleantech 100 companies show this in spades. What they, and hundred others like them, now need is braver regulators, policy makers and procurement departments, to enable such solutions to scale and go down their different cost curves much faster than the current trajectories.”

CarbiCrete’s carbon-negative process for the production of precast concrete replaces cement in concrete with industrial by-products and cures it with carbon dioxide, avoiding the GHG emissions associated with cement production, while permanently sequestering CO2 within the resulting concrete products. For every tonne of concrete produced using this process, 150 kg of CO2 are abated/removed.

“We are extremely proud to have been named to this list by the Cleantech Group,” says Chris Stern, CarbiCrete’s CEO. “To be listed amongst some of the most innovative cleantech companies in the world today is both humbling and inspiring. I wish to congratulate all the other firms listed and look forward to working with many of them as we strive to decarbonize the production of the world’s most consumed man-made substance.”

In December, CarbiCrete announced that it has entered into an agreement with Quebec-based concrete maker Patio Drummond to run a commercial pilot project set to begin early this year with carbon-negative concrete masonry units (CMUs) produced there slated to hit the market in the summer of 2022. CarbiCrete has already sold a portion of the blended abatement and removal credits that will be generated by the pilot to Spin, the micromobility subsidiary of Ford Motor Company.

About Carbicrete

CarbiCrete is a Montreal-based carbon removal technology 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. For every ton of concrete produced using the CarbiCrete process, 150 kg of CO2 are abated/removed. Carbicrete.com

About Cleantech Group

At Cleantech Group, we provide research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. We bring clients access to the trends, companies and people shaping the future and the customized advice and support businesses need to engage external innovation.

Industries are undergoing definitive transitions toward a more digitized, de-carbonized and resource-efficient industrial future. At every stage from initial strategy to final deals, our services bring corporate change makers, investors, governments and stakeholders from across the ecosystem, the support they need to thrive in this fast-arriving and uncertain future.

The company was established in 2002 and is headquartered in San Francisco with people based in London, Paris and Boston.

Media Contact:

CarbiCrete
Yuri Mytko
Chief Marketing Officer
514-927-9874
yuri.mytko@carbicrete.com
carbicrete.com

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