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CARBONCURE OVERVIEW CarbonCure is a Canadian CO2 utilization technology company serving the global cement and concrete industry, with nearly 100 installations in concrete plants across North America. Their concrete has been used in the construction of hundreds of projects, from the California high speed rail line to commercial high rise buildings to simple driveways, and has supply chain partnerships with players in the construction chemical admixture and industrial gas sectors. MARKET The concrete market is dominated by the $530 Billion ready mix concrete segment, but CarbonCure is uniquely positioned as the only solution compatible with all cement and concrete product segments. The concrete industry is the largest industrial emitter of CO2, accounting for 7% of global emissions. The global cement industry has set ambitious goals to reduce its emission intensity by 24% by 2050, and needs a pathway to do so. SOLUTION AND ADVANTAGE CarbonCure technologies can help the industry meet those goals while creating concrete material performance improvements, manufacturing cost efficiencies, and water use reduction. Their simple retrofit process uses existing production equipment and Portland cement chemistry to produce, in situ, a nano-sized mineral carbonate embedded within the concrete, all without impacting normal plant operations or supply chains. BUSINESS MODEL CarbonCure employs a licensing model with fixed monthly recurring payments and no upfront capital costs. The production efficiencies derived from using the technology exceed both monthly licensing fees and CO2 supply costs, providing producers with an attractive opportunity to strengthen their bottom line without any capital investment. Moreover, each installed system is tethered to to a central network to ensure compliance and monitor performance for optimal value creation. TEAM CarbonCure Technologies was founded in 2007 by CEO Rob Niven who recognized concrete’s potential to mitigate global carbon emissions. As of 2018, the CarbonCure team consists of 20 full-time members including Jennifer Wagner, Executive Vice President of Corporate Development, who leads the CarbonCure XPRIZE team. CarbonCure has been recognized as a 3-time recipient of the Cleantech Group Global 100 Company, and is a recipient of the Ernest C. Manning Innovation Award. CarbonCure’s extended advisory team and board of directors include world-renowned concrete academics, concrete industry veterans, and globally recognized clean technology investors. 19 AT A GLANCE One-Liner: CarbonCure provides commercial CO2 utilization technologies for more sustainable and economic concrete production Location: Halifax, Nova Scotia, Canada Vertical: CO2-to-Concrete Corporate Status: Incorporated in Canada (HQ) and USA Funding Needs: None, but seeking innovation and scaling strategic partnerships with corporates and governments Funding Stage: Series D (closed May 2018) Customers: Ready mix and masonry concrete producers Tech Stage: Growth XPRIZE Test Site: Alberta Carbon Conversion Technology Centre Contact: Jennifer Wagner, EVP Corporate Development, jwagner@carboncure.comPDF Image | Carbon Filalist Team Deck
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