Latest news with #PortlandCement
Business Wire
02-07-2025
- Business
- Business Wire
Terra CO2 Announces Additional Series B Funding to Scale Sustainable Cement Production
GOLDEN, Colo.--(BUSINESS WIRE)--Terra CO2 (Terra), a leading US-based low-carbon building materials company, today announced their series B funding, securing US$124.5M in new equity capital. In addition to the Series B co-leads Breakthrough Energy Ventures, Eagle Materials, GenZero, and Just Climate, the round included major investment from Barclays Climate Ventures. Additional strategic investors to join the round include Prologis, the global logistics leader, Cemex, an international leader in construction materials, and Siemens Financial Services, the financing arm of global technology company Siemens. In addition to the equity raise, Silicon Valley Bank, a division of First Citizens Bank, and Stifel Bank co-led the provision of a credit facility furnishing Terra additional financial flexibility. 'Terra's mandate is to deliver cementitious material solutions that the market would purchase solely based on cost and performance, even if there was no carbon benefit," says Terra CEO Bill Yearsley. Share As government funding and subsidies for climate initiatives decrease in the US, it's imperative that these solutions provide cost competitive advantages that can work within existing industries and infrastructures. Terra's SCM provides a commercial deployment ready solution that is not dependent on subsidies, providing both investors and partners with the certainty they need. With the new capital, Terra will be rapidly moving forward with its first 240,000 TPY commercial advanced-processing facility in the Dallas-Fort Worth market. The funding will also support expanding Terra's offices and industrial facilities, significantly growing the team, developing more shovel ready commercial projects, and further advancing new generations of cementitious products. 'Terra's mandate is to deliver cementitious material solutions that the market would purchase solely based on cost and performance, even if there was no carbon benefit. The fact that Terra's cementitious materials also offer significant carbon mitigation is an additional advantage for the built environment,' says Terra CEO Bill Yearsley. 'Terra's technology offers a combination of commercial readiness and cost competitiveness. Its ability to support the decarbonization of a heavy industry such as cement aligns with our commitment to support scalable, near-term solutions in hard-to-abate sectors,' says Steven Poulter, Head of Barclays Climate Ventures. Terra's patented Supplementary Cementitious Materials (SCMs) process produces a high-performing, low-cost alternative to Portland Cement and depleted traditional resources such as fly ash. And unlike other low-carbon SCMs, Terra's OPUS products utilize inexpensive, abundant, and local feedstocks from existing aggregate mines, and work within existing industry infrastructure. This approach enables immediate deployment at scale, delivering cementitious materials that perform equal to or better than historical SCM while significantly reducing carbon emissions. Terra's second product, OPUS Zero, is currently in active concrete trials and would serve as a full Portland cement replacement. About Terra CO2 (Terra) Terra enables our partners to unlock low-carbon cement from source to deployment. As the critical component in creating concrete, the foundation of modern infrastructure, cement is responsible for 8% of the world's CO 2 emissions. The CO 2 and NO x emissions associated with cement make finding an alternative to current solutions a climate imperative. Unique to Terra is their capability to work across a diverse range of silicate rock mineralogy, not constrained by feedstock availability. Terra's technology allows the company to create sustainable construction materials with the most abundant and accessible raw materials on earth from already approved and open mines. Terra's first product, OPUS SCM (Supplementary Cementitious Material), is ready for commercial deployment, capable of replacing up to 50% OPC (Original Portland Cement) and addressing the industry's carbon emissions and dwindling feedstock challenges. Terra's OPUS ZERO™, a potential 100% replacement of OPC, is in full concrete trials. Both leverage Terra's "drop-in" reactor solution, which seamlessly integrates with existing infrastructure and sets the foundation for the transition to real zero cement. Validated by third parties, Terra's materials perform equal to or better than traditional cementitious products.
Yahoo
02-06-2025
- Business
- Yahoo
Government Initiatives Propel Growth of Sustainable Portland Cement - Innovative and Eco-friendly Cement Products on the Rise
Portland cement market set to grow from 2.4 billion tons in 2024 to 3.2 billion tons by 2033, with a 3.05% CAGR. Driven by rising construction activities, urbanization, and sustainable development, Asia Pacific leads the market. Major players like Mitsubishi, Lafarge, and Holcim innovate for greener solutions. Portland Cement Market Dublin, June 02, 2025 (GLOBE NEWSWIRE) -- The "Portland Cement Market Report by Type (Type 1, Type 2, Type 3, Type 4, Type 5), Application Sector (Residential, Commercial, Industrial), Packing Type (10 KG, 15 KG, 25 KG, and Others), Trade Data (Import Trends, Export Trends), and Region 2025-2033" has been added to offering. The global Portland cement market, valued at 2.4 Billion Tons in 2024, is projected to expand to 3.2 Billion Tons by 2033, with a CAGR of 3.05% between 2025 and 2033. Key growth drivers include increased demand for housing and commercial spaces, ongoing construction and infrastructure projects, and government initiatives promoting industrialization and sustainable development. As a crucial construction material, Portland cement's role in building infrastructures is paramount, driving its global demand. It comprises clinker, gypsum, and essential additives. Current trends show a shift towards sustainable construction materials, influencing market growth alongside the adoption of low-maintenance, durable building materials. The push for green buildings to curb carbon emissions further bolsters this market. Technological advancements enhancing energy efficiency and sustainability present lucrative opportunities for investors. Additionally, the demand for competitively priced Portland cement and infrastructure for sports facilities contributes to market growth. Market Trends/Drivers: Construction and Infrastructure Development Ongoing global construction and infrastructure projects significantly drive the market. The trend towards residential area renovations enhances aesthetics and utility, coupled with the demand for high-quality cement for aging infrastructure. Portland cement's superior binding properties make it ideal for robust structures. Rising Demand for Housing and Commercial Spaces Population growth and urbanization escalate the need for housing and commercial spaces, promoting the cement industry's expansion. Portland cement is pivotal in constructing various infrastructures-buildings, roads, bridges-offering unmatched versatility and durability. The rise of mass transit systems globally further supports market growth. Government Initiatives Governments worldwide foster market growth through investments in smart city projects and incentives for green building construction. Increasing demand for cement in manufacturing, logistics, energy, and transportation sectors aligns with these developmental agendas. Rapid industrialization and urban migration accentuate this trend. Report Segmentation Industry Segmentation: By Type: Type 1 (largest segment) Type 2 Type 3 Type 4 Type 5 By Application Sector: Residential (largest segment) Commercial Industrial By Packing Type: 10 KG 15 KG 25 KG (largest segment) Others By Trade Data: Import Trends Export Trends By Region: Asia Pacific (dominant region) North America Europe Middle East and Africa Latin America Asia Pacific leads the market due to rapid urbanization and a surge in residential developments. Favorable policies for smart city projects and the growing demand for high-grade cement also drive regional growth. Competitive Landscape: Key players focus on R&D for innovative products, including eco-friendly cements and high-performance materials. Efforts in sustainability are evident through reduced energy consumption and carbon capture technologies. Companies like Mitsubishi Cement Corporation, Lafarge, Heidelberg Cement, and others dominate the landscape, with enhancements in digital technologies improving efficiency. Key Attributes: Report Attribute Details No. of Pages 134 Forecast Period 2024 - 2033 Estimated Market Value in 2024 2.4 Billion Tons Forecasted Market Value by 2033 3.2 Billion Tons Compound Annual Growth Rate 3.2% Regions Covered Global Key Topics Covered: Scope and Methodology Executive Summary Introduction Overview Key Industry Trends Global Portland Cement Market Market Overview Market Performance Market Breakup by Type Market Breakup by Application Sector Market Breakup by Packing Type Market Breakup by Imports and Exports Market Breakup by Region Market Forecast Market Breakup by Type Market Breakup by Application Sector Market Breakup by Packing Type Trade Data Market Breakup by Region SWOT Analysis Value Chain Analysis Porter's Five Forces Analysis Price Analysis Competitive Landscape Companies Featured Mitsubishi Cement Corporation Alamo Cement Company Lafarge Martin Marietta Heidelberg Cement National Cement Company American Cement Company Holcim Argos Essroc China National Building Material Salt River Materials Group Italcementi Anhui Conch Cement Ash Grove Cement Company Tanzania Portland Cement Company Quikrete CalPortland Company Capitol Aggregates CEMEX GCC of America Lehigh Hanson NationalCement Company of Alabama Ultratech Cement BuzziUnicem USA For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Portland Cement Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Observer
31-05-2025
- Business
- Observer
Oman wins three medals at ITEX 2025
KUALA LUMPUR: The Sultanate of Oman won three medals (two gold and a silver medal) at the International Invention, Innovation and Technology Exhibition (ITEX 2025) in the Malaysian capital, Kuala Lumpur. Innovator Badr bin Salim al Maqbali won the gold medal for his invention, Remote Control for the Operation of the Ring Bonding Unit. Innovator Malak bint Khalifa al Harthyah won the gold medal for her project, Portland Cement Composite Reinforced with Carbon Nanoplates as a Dental Filling. Innovator Yusra bint Yousef al Ghadaniyah won the silver medal for her project, Squid Ink Water Filter. Innovator Badr bin Salim al Maqbali also received the Best Innovator Award from the Bunyan Foundation for Social Services in the Kingdom of Saudi Arabia. The International Invention, Innovation and Technology Exhibition (ITEX 2025) is one of the most prominent initiatives aimed at developing the capabilities of young innovators, enabling them to benefit from international forums to develop their ideas and exchange experiences with their peers from around the world. The exhibition represents a destination for inventors to showcase their innovative ideas to investors and businessmen in various fields, including agriculture, automation, manufacturing, biotechnology, construction, medicine, health, energy and other fields. ITEX is an annual international exhibition that combines inventions, innovations and technology. It is also known as the Invention and Innovation Market and is a vital platform that brings together inventors, investors, businessmen and startups to showcase and market their latest innovations. This year's exhibition saw participation from more than 20 countries in Asia and Europe, showcasing more than 1,000 inventions across various categories. It also included competitions and opportunities for funding and marketing. — ONA
Business Wire
15-05-2025
- Business
- Business Wire
Eagle Materials Appoints David Rush to Its Board of Directors
DALLAS--(BUSINESS WIRE)--Eagle Materials Inc. (NYSE: EXP) announced today that it has appointed David Rush to its Board of Directors. Mr. Rush is the retired Chief Executive Officer of Builders FirstSource (NYSE: BLDR), the nation's largest supplier of structural building products, value-added components and services to the professional market for single-family and multi-family construction and repair and remodeling. Prior to his appointment as CEO, he held a variety of senior executive roles over his nearly 30-year career at Builders FirstSource, including serving as executive vice president of the Strategic Management Office (SMO) where he was responsible for developing processes to prioritize, coordinate and manage corporate and field initiatives to help provide value across the company. Eagle Materials Board Chair Mike Nicolais commented, 'David has a distinguished career developing and delivering long-term strategy, business integration, and operational finance expertise throughout his organization. Eagle Materials and our shareholders will benefit from his experience and impressive industry knowledge, and we are thrilled to welcome him to our Board of Directors.' About Eagle Materials Inc. Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products and light building materials. Eagle's primary products, Portland Cement and Gypsum Wallboard, are essential for building, expanding and repairing roads and highways and for building and renovating residential, commercial and industrial structures across America. Eagle manufactures and sells its products through a network of more than 70 facilities spanning 21 states and is headquartered in Dallas, Texas. Visit for more information.
