World's Biggest Cement Producers Bet on Green Alternative [Financial Post (Toronto, Ontario, Canada)]
CRH PLC Ordinary Shares (CRH)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Two of the world's biggest cement producers, Holcim AG and CRH PLC, are investing in a startup attempting to decarbonize the cement production process. Cement and concrete are responsible for about 8% of emissions, more than any other industrial sector. Holcim and CRH on Tuesday announced a $75 million investment into Sublime Systems, including a promise to purchase green cement from the startup's pilot facilities and to work with Sublime on additional plant sites. (CRH invested through its venture arm.) Somerville, Massachusetts-based Sublime has developed an electrochemical method of cement production that avoids the process of heating up limestone with kilns powered by fossil fuels. Reducing cement emissions has long been a technological and economic challenge. Cement is essential to making concrete, and to roads, buildings and other critical i
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CRH
News
- Sublime Systems Secures Combined $75M in Investments from Global Building Materials Majors, CRH and Holcim, to Accelerate Scale-Up of True-Zero Cement Manufacturing TechnologyBusiness Wire
- CRH Announces CEO SuccessionBusiness Wire
- CRH completes final phase of European lime divestmentBusiness Wire
- CRH plc's (NYSE:CRH) Intrinsic Value Is Potentially 59% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- CRH Appoints Lauren Schulz as Chief Communications OfficerBusiness Wire
CRH
Earnings
- 8/9/24 - Beat
CRH
Sec Filings
- 9/27/24 - Form 8-K
- 8/21/24 - Form 8-K
- 8/8/24 - Form 10-Q
- CRH's page on the SEC website