Fortera ReAct Green Cement Secures Series C Funding
Summary
In order to scale the development of its low-carbon cement technology, Fortera, the advanced materials manufacturer, announced it has secured $85 million in Series funding. Forteras process captures CO emissions directly from production and converts it to ready-to-use low-carbon cement Full-scale ReCarb plants are expected to mineralize 165,000 tons of industrial carbon dioxide and produce approximately 375,000 tons of low-carbon cement annually.The funding marks a pivotal moment for the company, says Ryan Gilliam, CEO and co-founder of Fortera. With the launch of our first plant and the close of this funding round, were entering into the next phase of our development as a commercial project company to accelerate low- to zero-carbon cement deployment. Since the companys process integrates into established infrastructure, including feedstocks, capital investments, logistics, and sales networks, the path to wide-scale commercialization is shorter and more cost-effective. "As such, the industry will be better equipped to meet sustainability requirements and serve clients who priority green building practices," says Gilliam.ReAct green cement meets ASTM C150 and ASTM C595 specifications and can be used on its own or blended with ordinary cement.As reported in the release:Forteras technology is the result of over 100,000 hours of research and development, supported by more than 100 issued and pending global patents and over a decade of real-world product testing.