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LG Chem and POSCO Holdings Join Forces for CCU Technology Demonstration Project

PHOTO: LG Chem

May 14, 2025

BY LG Chem

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Carbon Upcycling Closes $18M Investment Led by Builders Vision to Bolster Cement Manufacturing Resiliency

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By Carbon Upcycling

7 hours ago

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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.

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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.

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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.

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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.

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PETRONAS CCS Ventures, MISC Berhad (MISC), and Mitsui O.S.K. Lines, Ltd. (MOL) today announced the incorporation of a strategic joint venture. This joint venture will lead the development and act as the ultimate owner of Liquefied Carbon Dioxide (LCO₂) carriers, which are critical for transporting LCO₂ to designated storage sites.

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