Investment Announcement
Continued investment in Carbon Upcycling Technologies
We are excited to confirm that we have actively participated in the latest investment round for one of our existing portfolio partners Carbon Upcycling Technologies (CUT).
The USD 18 million investment round led by impact platform Builders Vision, was supported by CRH Ventures as well as some other existing investors, including Business Development Bank of Canada, Climate Investment, Amplify Capital, Oxy Low Carbon Ventures, and TITAN Group.
CUT’s pioneering technology transforms local industrial byproducts such as steel slag and natural materials into superior additives. This helps to significantly reduce clinker content and CO₂ emissions whilst also enabling cement and ready-mix concrete manufacturers to produce more sustainable products.
“Builders Vision’s investment and the continued support from our partners is a strong signal that the market is ready for scalable, science-based solutions like Carbon Upcycling,” said Apoorv Sinha, CEO of Carbon Upcycling. “With the support of Builders Vision and our strategic partners, we are setting the foundation for low-carbon construction, demonstrating that it is not just possible — but practical, profitable, and available today.”
Our continued investment and collaboration with CRH's Ash Grove Cement Company will see CUT’s first industrial-sized facility developed at the Mississauga Cement plant in Canada.
“By scaling this innovative technology, we will be seeking to drive significant progress in the decarbonization of the cement industry,” said Eduardo Gomez, Head of CRH Ventures. “We’re looking forward to continuing our work with the CUT team to bring this innovative and sustainable solution to the broader market.”
This follows our initial investment and partnership announced in 2023.