Sublime Systems Secures Combined $75M in Investments from Global Building Materials Majors, CRH and Holcim, to Accelerate Scale-Up of True-Zero Cement Manufacturing Technology
CRH PLC Ordinary Shares (CRH)
US:NYSE Investor Relations:
crh.com/investors/results-centre
Company Research
Source: Business Wire
New funding includes equity investments and multi-year pre-paid offtake of Sublime Cement ™Holcim and CRH, two of the largest global building solutions companies, each separately commit to working with Sublime to deploy the technology in full-scale cement plants; accelerated co-development activities have already commencedBroad collaboration from industry leaders validates Sublime’s technical and product approach, and ensures swift deployment of Sublime’s technology for decarbonizing cement SOMERVILLE, Mass.--(BUSINESS WIRE)--Low-carbon cement technology leader Sublime Systems is accelerating its mission of swift and massive impact on global CO 2 emissions through unprecedented collaborations with two of the largest building materials providers, CRH and Holcim. The partnerships support near-term development and operations of Sublime’s first commercial manufacturing facility in Holyoke, Mass. with a corporate equity investment and a binding offtake reservation of the Sublime Cement™
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