Total Energy Ventures is set to invest in Solidia Technologies, which has developed a process that uses carbon dioxide to manufacture sustainable cement and concrete.
Solidia has been working since 2008 to develop new cement chemistry, using technology based on research conducted by Richard Riman at Rutgers University in New Jersey. The company offers a process that reduces the carbon footprint of the end-to-end cement and concrete manufacturing process by 70%, uses carbon dioxide to cure the concrete, and allows 60 to 100% of the water used to be recycled. This cutting-edge technology has been applied to real-world commercial applications and the company has conducted full-scale collaborative testing with a number of customers.
“With this investment, the twentieth since its creation in 2008, TEV is establishing a foothold in technologies aimed at reducing emissions and commoditising carbon dioxide,” said Jérôme Schmitt, Senior Vice President, Sustainable Development & Environment at Total. “Solidia has developed an innovative process that combines high performance with environmental excellence and enables carbon dioxide to be used in the concrete manufacturing process. Total Energy Ventures is investing in Solidia at a critical stage, when it is beginning its commercial expansion, and Total will contribute its expertise in carbon dioxide processing.”
Adapted from press release by Rosalie Starling
