Holcim, Marshalls and Goldbeck commit to Vateris GypCarb® (Calcium Carbonate) for construction materials, while Waypoint and two major fertiliser manufacturers with global presence secure Sulphate of Potash for fertiliser markets, combining binding Demonstration Plant volumes with Main Plant Letters of Intent.
Vateris, a technology company converting industrial CO2 emissions into engineered Calcium Carbonate (marketed as GypCarb) and Sulphate of Potash (SOP), today announced binding multi-year off-take agreements and Letters of Intent (LOIs) with six international partners, together valued at over €50 million in annual turnover. The agreements combine binding volume commitments from Vateris' Demonstration Plant, expected to begin production in the UK in 2027, with LOIs for substantially larger volumes from its planned Main Plant in Europe, targeted for 2029.
The partners span two of Vateris' core markets. In construction materials, Holcim, Marshalls and Goldbeck, three established producers in cement, concrete products and building materials, have committed to Vateris' carbon-negative Calcium Carbonate (GypCarb). In fertilisers, Waypoint and two additional global fertiliser majors, all who are established international producers and distributors of specialty minerals and agricultural nutrients, have committed to Sulphate of Potash, a specialty potassium- and sulphur-rich nutrient source for premium agricultural markets.
"These agreements are a significant vote of confidence in Vateris, both in our technology and in our path to the Main Plant," notes Sid Pourfalah, Chief Executive Officer of Vateris. "Securing binding volumes today alongside a clear, committed pipeline for tomorrow gives our investors real visibility into future revenue as we move toward final investment decision."
"For six partners across two very different industries to commit to Vateris, from construction to fertilisers, is strong market validation of both the high performance and low-carbon credentials of our products," comments Jeremie Rombaut, Chief Commercial Officer of Vateris. "Holcim, Marshalls and Goldbeck see GypCarb® as a genuine, drop-in, lower-carbon alternative in concrete, while Waypoint and two other global fertiliser majors see the value in the high purity, low chlorine value proposition in Sulphate of Potash. That is exactly the specialty, high-performance, low-carbon positioning we set out to build."
From validation to industrial scale
Vateris' progress toward these agreements builds on a US$3.5 million funding round earlier this year with existing investors Zacua Ventures, Counteract and Goldbeck doubling down, and participation from Holcim MAQER Ventures and Kiilto Ventures, taking total funding to date to $10m. This funding supported the transition from validating Vateris' technology to scaling it toward industrial deployment, a trajectory reflected in today's announcement.
"We backed Vateris because we saw a clear path from validated technology to industrial-scale deployment. These agreements, including one from our co-investor Holcim, confirm the market’s need for Vateris’ platform and expertise.” Says Founding Partner of Zacua Ventures, Juan Nieto.
A staged approach: de-risking through the Demonstration Plant
The binding offtake component covers volumes from Vateris' Demonstration Plant, planned in the UK, which is designed to de-risk engineering at scale, enable the start of commercial sales, and give each partner early, qualified access to GypCarb and SOP as Vateris validates production. The accompanying LOIs set out the framework for 130% of the volumes from the Main Plant, envisaged as the first full industrial-scale (FOAK) unit of its kind in Europe. Together, the two agreements give Vateris a visible, partner-backed pipeline as it advances from Demonstration to Main Plant and toward final investment decisions.
Positioning specialty, low-carbon materials with industrial resilience
Vateris' GypCarb and Sulphate of Potash are produced through a process that sequesters industrial flue gas CO2 emissions and delivers controlled, high-purity specifications relative to conventional materials. As the European Union's Carbon Border Adjustment Mechanism (CBAM) increases costs for carbon-intensive imports, Vateris' high-performance low-carbon, domestically produced materials position the company to serve customers seeking secure, resilient supply of critical calcium carbonate and sulphate products within the EU and subsequent global markets.
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