November 15, 2023
BY Heidelberg Materials
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Carbon Upcycling announced the closing of its 18 million investment round led by Builders Vision. The latest investment builds on a landmark period of momentum for Carbon Upcycling as the company develops its first-of-its-kind carbon capture & utilization technology project at the Ash Grove Mississauga Cement Plant, and executes on its newly signed memorandum of agreement with TITAN Group to assess projects at two of its cement plants.
Nuada has developed a solution to capture industrial carbon emissions before they enter the atmosphere, targeting sectors such as cement, lime, and waste-to-energy. Compared to traditional methods, Nuada’s technology is more efficient and cost-effective, requiring 90 per cent less energy than conventional approaches.
Entropy Inc., a subsidiary of Advantage Energy Ltd., has entered into a definitive agreement to purchase an interest in three carbon hubs from a Canadian oil and natural gas producer for $20 million and contingent payments of approximately $15 million (subject to adjustment) based on commercial milestones achieved by various projects .
Heidelberg Materials has officially inaugurated Brevik CCS in Norway, the world’s first industrial-scale carbon capture, and storage (CCS) facility in the cement industry. Brevik CCS will capture around 400,000 tons of CO₂ per year, representing 50% of the plant’s emissions – and equivalent to the amount of CO₂ emissions per passenger for roughly 150,000 round-trip flights between Frankfurt and New York.
Seatrium Limited announced the signing of a Letter of Intent (LOI) with long-term strategic Favoured Customer Contract partner Solvang ASA, Norway, for installation and retrofitting of full-scale Carbon Capture and Storage (CCS) systems. The milestone LOI was formalized during Nor-Shipping 2025 in Oslo, reinforcing the companies’ shared commitment to sustainable maritime solutions.