The investment by the steel industry’s largest materials processor will support a demonstration program for the production of cement-free, carbon-negative concrete
Montreal, December 10, 2019 – Carbicrete announced today that the Environmental division of Harsco Corporation (NYSE: HSC) has made a $3M investment into the company.
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 to have Harsco among our key investors,” says Chris Stern, Carbicrete’s CEO. “Harsco Environmental’s world-leading materials processing experience and commitment to clean technology make them an ideal partner as we work toward bringing a cost-effective, cement-free concrete solution to the global construction industry.”
Harsco’s investment is in conjunction with a $2.1M grant awarded to Carbicrete by Sustainable Development Technology Canada (SDTC) to finance a demonstration program supported by a development consortium which includes a commercial concrete block manufacturer.
“This investment in innovation is aligned with Harsco’s development into further environmentally-focused products and services, and we are proud to support the development of this exciting technology,” says Russ Mitchell, Vice President & Chief Operating Officer, Harsco Environmental.
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. Carbicrete.com
About Harsco Environmental
Harsco’s Environmental division is the largest and most comprehensive provider of onsite material processing and environmental services to the global metals industry, with operations at over 130 customer sites across more than 32 countries. The division is a technology partner to cleaner, more efficient metal production, providing customers with economically and environmentally viable solutions for the treatment and reuse of production waste streams. Harsco-environmental.com
About Harsco Corporation
Harsco Corporation is a global market leader providing environmental solutions for industrial and specialty waste streams, and innovative technologies for the rail and energy sectors. Based in Camp Hill, PA, the 11,000-employee company operates in more than 30 countries. Harsco’s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Harsco.com
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