Montreal, January 20, 2020 — CarbiCrete, an Innovobot portfolio company, has been named to the 2020 Global Cleantech 100 list which looks at the most innovative companies in cleantech globally.
The list is curated by Cleantech Group, a San Francisco-based organization that supports the development and marketability of clean technologies. This year, 13,900 companies from 93 countries were considered for the list.
CarbiCrete is commercializing a carbon-negative process for the production of precast concrete. The company’s technology replaces cement in the concrete mix with steel slag and cures it with carbon dioxide, avoiding the GHG emissions associated with cement production, while permanently sequestering CO2 within the resulting concrete products.
“Innovobot made an anchor investment in CarbiCrete because we saw that the process the company is commercializing has the potential to be truly game-changing,” says Innovobot CEO Mario Venditti. “CarbiCrete’s inclusion on the Global Cleantech 100 list is well-deserved recognition of the strides the firm is making toward reducing carbon emissions in the construction industry.”
“Innovobot’s lead investment into CarbiCrete helped paved the way for a number of important milestones,” says Chris Stern, CarbiCrete’s CEO. “The team’s operational involvement and their willingness to work hand-in-hand with our company’s management team has made for a very successful partnership.”
In December, CarbiCrete announced that the Environmental division of Harsco Corporation (NYSE: HSC) had made a $3M investment into the company in conjunction with a $2.1M grant awarded to CarbiCrete by Sustainable Development Technology Canada (SDTC) to finance a demonstration program supported by a development consortium which includes a commercial concrete block manufacturer.
Innovobot is an investment and advisory services firm growing a global innovation ecosystem based in Canada to generate value and well-being for entrepreneurs, investors, and society. The Fund invests in technology companies that make a positive social and environmental impact. innovobot.com
Carbicrete is a Montreal-based cleantech company developing innovative, low-cost building solutions that contribute to the reduction of greenhouse gas emissions. Carbicrete’s breakthrough patented technology enables the production of cement-free, carbon-negative concrete made with industrial by-products and captured carbon dioxide. Carbicrete.com