Monday, August 10, 2009

Carbon neutral cement firm ready to build on funding success

Tom Young, BusinessGreen, Tuesday 11 August 2009 at 00:15:00

Fresh from securing £1m in new funding, UK startup outlines plan to roll out CO2 absorbing cement

UK-based startup Novacem announced last week that it has raised £1m in new funding as it seeks to commercialise its carbon absorbing technique for manufacturing cement – a breakthrough that the company claimed could result in a negative carbon footprint for one of the world's most carbon intensive industries.

Currently, the annual production of more than 2.5 billion tonnes of Portland cement is responsible for five per cent of global CO2 emissions, and the sector's carbon footprint is expected to grow with demand for cement volumes expected to double by 2050.

However, Novacem claims that unlike Portland cement, each tonne of cement it produces absorbs three quarters of a tonne more CO2 over its life cycle than it emits.

The company said that its manufacturing process, which was developed based on research undertaken by the Civil and Environmental Engineering Department at Imperial College London, utilises magnesium oxide and special mineral additives that work at lower temperatures than normal cement and ensure that it absorbs atmospheric CO2 as the cement hardens.

Stuart Evans, chairman of Novacem, said that the new investors would help the company expand its research team as it seeks to commercialise the product.

"We are assembling a world-class team and these funds will help us grow the team, complete an initial pilot plant before the end of 2009 and accelerate development and commercialisation," he said. …

Carbon neutral cement firm ready to build on funding success

No comments: