Latest news with #Partanna
Yahoo
10-06-2025
- Business
- Yahoo
Pegasus Capital Advisors and Partanna Collaborate to Scale Carbon-Negative Cement for Coastal Resilience
Pegasus Capital Advisors and Partanna are working together on a strategic investment to support the deployment of carbon-negative materials for marine restoration and resilient coastal infrastructure. The contemplated investment would be made through the Global Fund for Coral Reefs (GFCR) platform managed by Pegasus Capital Advisors. NICE, France, June 10, 2025 /PRNewswire/ -- Pegasus Capital Advisors, a leading private markets investment firm focused on sustainability and climate resilience, is collaborating with Partanna, the climate technology company behind the world's first carbon-negative cement, on a strategic investment of up to $20 million. The investment, under discussion and subject to further diligence and final agreements, will support Partanna's expansion into emerging markets and help unlock catalytic grant opportunities. The investment will also be used to build coastal resilience under Partanna Ocean - a subsidiary of Partanna. This collaboration reflects a shared ambition to deliver nature-positive infrastructure at scale, and to unlock blended finance solutions, including catalytic grants and climate-aligned capital, to accelerate deployment in emerging markets. This future investment announced during the 2025 UN Ocean Conference underscores a shared commitment to delivering scalable, high-impact solutions at the forefront of climate mitigation, adaptation, and nature restoration. Pegasus Capital, based in Connecticut, USA, has deployed $2.6 billion of capital commitments since inception and will bring its proven expertise in finance, ocean investing and emerging market infrastructure to accelerate Partanna's global growth. "Coral reefs and coastal ecosystems are disappearing at an alarming rate—threatening marine life, livelihoods, and entire communities," said David Cogut, Co-Managing Partner at Pegasus Capital Advisors. "At Pegasus Capital, we believe the best investments deliver strong returns for investors and improve people's lives. Partanna Ocean is a true innovator at the intersection of climate, technology, and the marine environment—restoring ecosystems, creating local jobs, and helping coastal communities withstand rising seas and climate-driven disasters." Coral reefs generate $9 billion in coastal protection, $6.8 billion in fisheries, and $35.8 billion in tourism each year. Yet these ecosystems face devastating threats from climate change—from ocean acidification to coral bleaching. Partanna's cement reverses this damage: instead of emitting CO₂ like traditional concrete, it captures and stores carbon—and becomes stronger in seawater. "This significant partnership enables us to create a world where infrastructure on land and sea can work for us, not against us," said Rick Fox, Co-Founder and CEO of Partanna. "Partanna Ocean represents a new frontier in climate innovation, one where we support the restoration of marine ecosystems, building with materials that are nature positive and actively heal the planet." GFCR, with its investment arm managed by Pegasus Capital, is a multi-partner initiative launched to support the resilience and restoration of coral reefs around the world. It is both a funding mechanism and a coalition of public and private partners working together to protect coral reef ecosystems and the communities that depend on them. Member countries include: Jamaica, The Dominican Republic, Indonesia, Ecuador, Mozambique, The Maldives, The Bahamas and other countries that are part of GFCR. As the first U.S. private equity firm accredited by the Green Climate Fund and a partnership agreement with the United Nations Development Programme (UNDP), Pegasus Capital is uniquely positioned to de-risk and mobilize capital through its layered capital structure—enabling unique investments in high-impact ventures like Partanna. The collaboration with the GFCR's mission to protect coastal ecosystems and deliver climate-resilient infrastructure across developing nations. "We are excited to invest in a team bringing real innovation to climate and ocean challenges," said Mahamadou Coulibaly, Operating Advisor at Pegasus Capital Advisors. "Partanna's innovation offers a rare mix of climate impact and infrastructure scale." In response to the partnership with Pegasus Capital, Prof. Carlos Duarte, Executive Director at The G20's Coral Research & Development Accelerator Platform said: "I am delighted to see this announcement made today. Partanna Ocean provides a cutting edge technology to fabricate the framework required to support living corals in the promising approach referred to as Hybrid Reefs, conserving corals and coastal protection benefits. This investment will ensure that, through Partanna Ocean, hybrid reefs also contribute to sequester CO2, which is vital because climate change is the biggest threat to coral reefs, hence leading to a triple win: an ocean, climate and biodiversity positive approach to restoring coral reefs." The collaboration with Pegasus Capital Advisors places Partanna at the heart of one of the largest finance movements focused on ocean protection and climate infrastructure. Partanna was advised by Marshall Shaffer, Matt Pacey and Billy Vranish at Kirkland & Ellis LLP. About PartannaPartanna Global is an advanced materials company revolutionizing the construction industry through its development of sustainable building materials. Co-founded by NBA champion Rick Fox, Partanna emerged in response to the devastation caused by Hurricane Dorian in The Bahamas with a core mission to change the way the world is built. Partanna has developed a sustainable alternative to Portland cement that eliminates the need for the energy-intensive clinkering process. This innovative solution permanently removes CO₂ from the atmosphere, making it carbon negative and environmentally beneficial – unlike traditional Portland cement which accounts for 9% of global CO₂ emissions. Partanna's vision extends beyond cement. The company is committed to discovering new advanced materials that delink development from pollution. By leveraging emerging technologies, Partanna aims to remove 1 billion tons of CO₂ by 2050. The company has a global presence with subsidiaries in The Bahamas, Saudi Arabia, and the USA. A further subsidiary, Partanna Ocean, founded in The Bahamas, protects coastal communities and heals our oceans through various applications of Partanna's binder technology. About Pegasus Capital Advisors, Capital Advisors, L.P. is a leading private markets investment manager focused on generating strong returns for investors through projects that create jobs, expand access to clean energy, food and water security, and build stronger local economies. Since 1996, Pegasus has invested in businesses and infrastructure that improve lives and drive economic growth. Pegasus is the investment manager of the Subnational Climate Fund and the Global Fund for Coral Reefs and partners with the United Nations Development Programme (UNDP) to deliver projects and support companies across the Global South. Pegasus was the first North American private equity firm accredited by the Green Climate Fund and works closely with governments and local organizations to build stronger, more resilient communities. Learn more at View original content: SOURCE Pegasus Capital Advisors
Khaleej Times
27-05-2025
- Business
- Khaleej Times
Exeed Industries signs MoU with Partanna Oasis to explore sustainable cement solutions in the UAE
Partnership aims to establish carbon-negative cement production in Abu Dhabi, advancing country's green construction goals Exeed Industries, a leading industrial group in the UAE, has signed an MoU with Partanna Oasis, a subsidiary of Partanna, a global innovator in sustainable building materials. The MoU initiates a collaboration aimed at introducing carbon-negative cement technologies in the UAE. The MoU emphasises a joint intention to assess and plan for the establishment of facilities in Abu Dhabi to locally produce Partanna's next-generation cement alternatives. Both parties will strategise for the establishment of a brine conversion facility, a tolling facility, and a cement production plant, enabling the commercialisation of Partanna's products in the UAE. Partanna's carbon negative building materials, made without traditional Portland cement, not only eliminate carbon emissions but actively remove CO₂ from the atmosphere, offering a pioneering approach to sustainable construction. Traditional Portland cement is responsible for 9 per cent of global CO₂ emissions. As part of this collaboration, both parties will work together on certification processes, performance testing, and alignment within regulatory frameworks. The scope also includes evaluating applications across the UAE's construction sector, with integration into Exeed's precast and concrete operations. 'We are excited to join forces with Partanna to champion green innovation in construction,' said Mohammad Alameer, group CEO at Exeed Industries. 'This partnership aligns perfectly with our sustainability objectives and the UAE's industrial decarbonisation goals.' 'This is an important milestone in our mission to scale global access to climate-positive construction materials,' added Rick Fox, CEO of Partanna. 'The UAE is a strategic market and global leader in sustainable construction, and Exeed's deep industrial expertise makes them a match winning partner.' The MoU reinforces both companies' commitment to innovation, sustainability, and long-term value creation.
ME Construction
21-05-2025
- Business
- ME Construction
Exeed Industries signs MoU with Partanna Oasis to introduce sustainable cement solutions
Sustainability Exeed Industries signs MoU with Partanna Oasis to introduce sustainable cement solutions By The MoU underscores a shared objective to evaluate and plan for the establishment of facilities in Abu Dhabi to locally manufacture Partanna's next-generation cement alternatives Exeed Industries has entered into a Memorandum of Understanding (MoU) with Partanna Oasis, a subsidiary of Partanna, an innovator in sustainable building materials. This collaborative agreement aims to introduce carbon-negative cement technologies to the UAE, marking a significant step towards addressing climate change concerns. The MoU underscores a shared objective to evaluate and plan for the establishment of facilities in Abu Dhabi to locally manufacture Partanna's next-generation of cement alternatives. Both parties will devise a strategic plan for the establishment of a brine conversion facility, a tolling facility, and a cement production plant, thereby facilitating the commercialisation of Partanna's products within the United Arab Emirates. Partanna's innovative carbon-negative building materials, crafted without the conventional Portland cement, not only mitigate carbon emissions but actively contribute to the removal of CO₂ from the atmosphere, presenting a solution for sustainable construction. It's worth noting that traditional Portland cement is responsible for a significant portion of global CO₂ emissions, accounting for 9%. Partanna's innovative technology transforms developments into vital carbon removal assets. said a statement. 'We are excited to join forces with Partanna to champion green innovation in construction,' said Mohammad Alameer, Group CEO at Exeed Industries. 'This partnership aligns perfectly with our sustainability objectives and the UAE's industrial decarbonisation goals.' 'This is an important milestone in our mission to scale global access to climate-positive construction materials,' added Rick Fox, CEO of Partanna. 'The UAE is a strategic market and global leader in sustainable construction, and Exeed's deep industrial expertise makes them a match winning partner.' As part of this collaborative effort, both parties will collaborate on certification processes, performance testing, and regulatory framework alignment. The scope of the project also includes evaluating applications across the UAE's construction sector and integrating them into Exeed's precast and concrete operations. The MoU reinforces both companies' commitment to innovation, sustainability, and long term value creation.
Zawya
20-05-2025
- Business
- Zawya
Exeed Industries signs MoU with Partanna Oasis to explore sustainable cement solutions in the UAE
Abu Dhabi, UAE – Exeed Industries, a leading industrial group in the UAE, has signed a Memorandum of Understanding (MoU) with Partanna Oasis, a subsidiary of Partanna, a global innovator in sustainable building materials. The MoU initiates a collaboration aimed at introducing carbon-negative cement technologies in the UAE. The MoU emphasises a joint intention to assess and plan for the establishment of facilities in Abu Dhabi to locally produce Partanna's next-generation cement alternatives. Both parties will strategize for the establishment of a brine conversion facility, a tolling facility, and a cement production plant, enabling the commercialization of Partanna's products in the UAE. Partanna's carbon negative building materials, made without traditional Portland cement, not only eliminate carbon emissions but actively remove CO₂ from the atmosphere, offering a pioneering approach to sustainable construction. Traditional Portland cement is responsible for 9% of global CO₂ emissions. As part of this collaboration, both parties will work together on certification processes, performance testing, and alignment within regulatory frameworks. The scope also includes evaluating applications across the UAE's construction sector, with integration into Exeed's precast and concrete operations. 'We are excited to join forces with Partanna to champion green innovation in construction,' said Mohammad Alameer, Group CEO at Exeed Industries. 'This partnership aligns perfectly with our sustainability objectives and the UAE's industrial decarbonization goals.' 'This is an important milestone in our mission to scale global access to climate-positive construction materials,' added Rick Fox, CEO of Partanna. 'The UAE is a strategic market and global leader in sustainable construction, and Exeed's deep industrial expertise makes them a match winning partner.' The MoU reinforces both companies' commitment to innovation, sustainability, and long-term value creation. About Exeed A subsidiary of National Holding and headquartered in Abu Dhabi, Exeed Industries is a leading diversified manufacturing conglomerate playing a pivotal role in industrial manufacturing and directly contributing to the economic development of the UAE and the wider MENA region. Presently, Exeed's operations encompasses six state-of-the-art manufacturing entities strategically positioned in the UAE and Jordan, all of which bring premium solutions to local and international markets. Each specializes in unique areas of expertise spanning key industrial sectors, including the building materials and construction industry, engineering, synthetic materials, and consumer goods. Each of these entities is a leader in its respective specialty. As pioneers in the industry, Exeed is relentlessly focused on expanding into strategic, future-proof sectors that diversify the manufacturing landscape in the UAE and the MENA region. Exeed's commitment to innovation and engineering excellence drives them to utilize cutting-edge technologies, collaborating with talented teams across a huge network of factories. About Partanna Partanna Global is an advanced materials company revolutionizing the construction industry through its development of sustainable building materials. Co-founded by NBA champion Rick Fox, Partanna emerged in response to the devastation caused by Hurricane Dorian in The Bahamas with a core mission to change the way the world builds. Partanna has developed a sustainable alternative to Portland cement that eliminates the need for the energy-intensive clinkering process. This innovative solution permanently removes CO₂ from the atmosphere, making it carbon negative and environmentally beneficial – unlike traditional Portland cement which accounts for 9% of global CO₂ emissions. Partanna's vision extends beyond cement. The company is committed to discovering new advanced materials that delink development from pollution. By leveraging emerging technologies, Partanna aims to remove 1 billion tons of CO₂ by 2050. The company has a global presence with subsidiaries in The Bahamas, Saudi Arabia, and the USA. A further subsidiary, Partanna Ocean, protects coastal communities and heals our oceans through various applications of Partanna's binder technology. Media contact: fashi@ Further information:
