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

Montreal, December 8, 2020 – CarbiCrete has secured a grant of $3M and an additional $150,000 in COVID-19 relief funding from the Québec government’s Technoclimat program, administered by the Quebec Ministry of Energy and Natural Resources.

The grant was made in conjunction with $2.1M grant awarded to CarbiCrete by Sustainable Development Technology Canada (SDTC) and will be used to finance a demonstration program in Drummondville, Quebec.

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 pleased and grateful to have the backing of the Government of Quebec,” says Chris Stern, CarbiCrete’s CEO. “The Ministry of Energy and Natural Resources’ support will play an important role in the accelerated development of our technology, the deployment of which will bring a sustainable and cost-effective solution to the emissions associated with cement production.”

“Cement production accounts for a significant amount of the world’s CO2 emissions. Building materials made with cement-free, carbon-negative concrete represent a very promising development for the construction industry. CarbiCrete’s technology is perfectly aligned with our government’s vision of reducing greenhouse gas emissions and improving energy efficiency for a more prosperous Quebec,” says Jonatan Julien, Minister of Energy and Natural Resources.

In December of 2019, CarbiCrete announced that the Environmental division of Harsco Corporation (NYSE: HSC) had made a $3M investment into the company.

CarbiCrete’s industrial-scale pilot project will be 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 the Technoclimat Program

The objective of Technoclimat is to encourage the development, in Québec, of technological innovation in the areas of energy efficiency, renewable energies, bioenergies and greenhouse gas (GHG) emission reductions by offering financial assistance to project promoters who wish to demonstrate the potential of a technological innovation. Technoclimat

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