Ecocem gets €22m investment from Bill Gates's climate fund
Summary
We share the conviction that rapid decarbonisation of cement manufacture is vital for the planet, and that it can be achieved through innovation and the diffusion of new technology. Ecocem has long been a pioneer of cement based on ground granulated blastfurnace slag (GGBS), a steel industry by-product, and has processing facilities in Dublin, France and Spain. Ecocem said that the new investment would enable it to bring new ultra low carbon cements to the market over the coming years. This type of cross industry collaboration is needed to drive real change.Mariya Gabriel, Europes innovation commissioner, also welcomed the news. With this third transaction in 2021, I am satisfied to see BEV-E adding to a portfolio of highly innovative enterprises in Europe, across sectors and challenges such as green hydrogen, renewable carbon sources, and today, cement, she said.