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funded CarbonCure with $3 million, while in September of 2018 Bill Gates’ Breakthrough Energy Ventures announced investment in the company. With the funding from Breakthrough, it plans to develop international partnerships and expand its portfolio of technologies that use CO2 as a value-added material in concrete manufacturing. The company says the biggest challenge to its growth is the cement industry’s reluctance to change quickly. Currently, there are 6,500 concrete plants in the U.S. and Canada. With its technology being utilized at only 100 plants so far, the company believes it has a large upside, but the gap also reflects how few in the concrete industry have installed this technology. Blue Planet Based in California and founded in 2006, Blue Planet converts CO2 to carbonate and then turns it into limestone rock, which is then incorporated into concrete. This process allows Blue Planet to secure clients that can use the product in buildings, sidewalks and bridges. This way, the CO2 is permanently sequestered in infrastructure instead of being released into the atmosphere. In California, Blue Planet’s products have been used on projects at the San Francisco-Oakland Bay Bridge. It is also working with cement manufacturers in Mexico and Canada, along with power plants in Wyoming. Blue Planet is looking to government procurement for growth. California, for instance, uses 240 million tons of concrete every year but imports most of it. By using Blue Planet’s products, the state could reduce emissions and save costs. By 2024, the global ready-mix concrete market could reach almost $1 trillion. Because of the expansions of airports, bridges, roads, along with construction of new buildings, Blue Planet is in position to grow. The company also has big-name support: Actor Leonardo DiCaprio is on its advisory board. Calera A Silicon Valley startup, Calera has aimed to configure its operations around repurposing CO2 as concrete. It has received funding from Khosla Ventures Venture Capital, the Department of Energy and Hercules Capital. The company, founded by Brent Constanz (now the CEO of Blue Planet), received a large amount of funding early on, including $50 million from Khosla, but there has been little news about the company in recent years. The company has reportedly pivoted from mixing CO2 in cement to “using the material to make fiber cement boards used in bathroom tile backing or exterior siding.” Last decade, when Calera touted its technologies and received funding from the DOE, one prominent scientist criticized it, alleging that its operations would actually increase CO2 emissions. Solidia Technologies Solidia Technologies is another company that is using CO2 in cement and concrete. It has reached the commercialization stage and has a long list of funders, including the Oil and Gas Climate Initiative. Other investors include BASF, Bright Capital, Kleiner Perkins Caufield and Byers, BP, Total Energy Ventures and a number of individuals. The company was founded in 2008, and its technology was first developed at Rutgers University. As of the end of 2017, it had raised $60 million in funding. Carbon Upcycling Technologies Launched four years ago and based in Calgary, Carbon Upcycling Technologies is turning CO2 into a product to prevent erosion in infrastructure. Its competitive advantage derives from making infrastructure more efficient. In 2017, CUT saw positive revenues from its corrosion protection product, and this year it launched an additive for the plastics market. CUT, an X-Prize finalist, has found clients such as Costco, 31PDF Image | Carbon Removal Final Report
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