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- Fortera Secures $85M to Scale Low-Carbon Cement Technology
Fortera Secures $85M to Scale Low-Carbon Cement Technology
Slice of Construction Team
August 23, 2024
Key Highlights:
Fortera raises $85M in Series C funding to advance low-carbon cement.
ReAct® cement reduces CO2 emissions by 70% compared to traditional cement.
Funding supports scaling of Fortera’s ReCarb process across new plants.
Source (Business Wire)
Notable Quotes:
“Due to the scale of the industry, we won’t have an impact on emissions unless we have an economic pathway to expand globally.”
“Our investment in Fortera aligns with Saint-Gobain’s priority toward the decarbonization of industries and our commitment of working with startups that are moving the world forward with sustainable innovations.”
“Fortera does what previous green cement technologies have failed to do—it works with cement companies to provide an accessible solution to a cleaner industry.”
Our Take:
Fortera's successful $85 million funding round is a significant step towards reducing the cement industry’s carbon footprint, which is essential for meeting global climate goals. The company's innovative ReCarb process, which integrates seamlessly with existing infrastructure, positions it as a leader in the transition to sustainable construction. The backing from prominent investors underscores confidence in Fortera’s ability to scale rapidly and make a meaningful impact on reducing CO2 emissions in one of the most challenging industrial sectors.