Carbon Upcycling Raises $26.6M to Cement the Foundation for a Low-Carbon Future

Carbon Upcycling Technologies is thrilled to announce the successful raise of $26,600,000 in its latest funding round, a milestone that marks another significant step toward a low-carbon future. This infusion of capital will empower the company’s mission of transforming CO2 emissions and industrial waste byproducts into critical materials for low-carbon cement—a revolutionary approach aimed at reinventing how industries manage “waste.” By providing a drop-in solution for the world's most challenging carbon-emitting sectors, Carbon Upcycling is shattering conventional paradigms and cultivating a cleaner, more resilient built environment. Since its inception in 2021, the company has contributed thousands of tonnes of low-carbon cement to communities, modern urban infrastructure, and burgeoning home projects, seamlessly integrating sustainable practices into everyday construction. This funding not only accelerates the deployment of breakthrough carbon capture and utilization technologies, but also supports further research and development aimed at optimizing production processes for critical materials. With strategic backing from esteemed investors such as the Business Development Bank of Canada, Climate Investment, Oxy Low-carbon Ventures, and Clean Energy Ventures, alongside world-leading cement manufacturers including CRH, Cemex, and Titan Cement, Carbon Upcycling stands at the forefront of innovation. Recognized globally with accolades such as being named one of the Global Cleantech 100 and acknowledged by Reuters as one of the 100 Innovators Leading the Energy Transition, the company continues to validate its impact on reducing carbon footprints. As a certified B Corporation, Carbon Upcycling remains committed to balancing profitability with social and environmental responsibility, paving the way for sustainable industry practices and inspiring change worldwide.