Carbon Upcycling Secures $10 Million for Low-Carbon Cement Initiative
Carbon Upcycling Technologies has secured up to $10 million in asset-backed financing from ATEL Ventures for its clean cement technology. This funding will support operations at the Ash Grove Mississauga Cement Plant, projected to produce 30,000 tonnes of low-carbon cement annually from CO₂ captured during production.
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Carbon Upcycling Technologies has obtained up to $10 million in financing from ATEL Ventures to advance its clean cement technology. The funds will facilitate operations at the Ash Grove Mississauga Cement Plant, which aims to produce up to 30,000 tonnes of low-carbon cement annually, utilizing captured CO₂.
This financing marks a significant step in Carbon Upcycling's commercialization strategy and is secured against company assets. The project is set to begin operations in the latter half of 2026, with plans for wider expansion in North America and globally. Successful implementation could enhance local supply chains and support the transition to low-carbon infrastructure.
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