Cleantech company Carbon Upcycling announced that it has raised $18 million in a new investment round, with proceeds aimed at scaling its solution to capture and utilize CO2 to produce building materials. The round was led by impact platform Builders Vision.
Founded in 2014, Calgary-based Carbon Upcycling delivers carbon and waste circularity solutions aimed at decarbonizing hard-to-abate industries, including upcycling industrial CO2 emissions and byproducts into low-carbon cement. The company’s “CUT CO2” solution is installed at industrial facilities to capture emissions before they are released into the atmosphere, and utilizes the CO2 to en…
