Oct 18, 2024
EnviCore secures $4.2 million to scale low-carbon cement technology
EnviCore Inc., a Calgary-based sustainable materials company, announced the successful close of its seed funding round, raising $4.2 million. The round, led by CSN Inova Ventures, Heidelberg Materials, Techstars, and others, will support scaling the company’s low-carbon supplementary cementitious materials (SCMs) technology.
EnviCore’s innovative SCMs can replace up to 35% of traditional Portland cement in concrete, potentially reducing the carbon footprint of cement production by up to 30%. CEO Shahrukh Shamim called the investment a “pivotal moment” for commercializing the technology.
The funds will be used to expand SCM production capacity, support research and development, and conduct a feasibility study with Heidelberg Materials on deploying a pilot production facility.
EnviCore’s low-energy, recycled feedstock-based SCMs aim to help cement producers meet global decarbonization goals while maintaining performance.
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