Calgary-based cleantech company Carbon Upcycling has raised $26.6 million to scale its breakthrough carbon capture and utilization (CCU) technology aimed at slashing emissions from one of the world’s most carbon-intensive industries: cement manufacturing.
The investment round was led by Chicago-based Builders Vision, a mission-driven firm that backs transformative innovations in sustainable food, agriculture, and infrastructure. Returning investors include the Business Development Bank of Canada, Climate Investment, Amplify Capital, and strategic partners CRH Ventures, Oxy Low Carbon Ventures, and TITAN Group.
Carbon Upcycling is gaining traction for its unique approach to decarbonizing industrial processes by transforming CO₂ emissions and low-value materials into high-performance, sustainable cement alternatives. The company’s supplementary cementitious products (SCPs) not only cut emissions but also bolster local supply chains by using regionally sourced feedstocks.
The funding follows a period of strong momentum for Carbon Upcycling, including the launch of a first-of-its-kind CCU project at the Ash Grove Cement Plant in Mississauga, Ontario. The company also recently signed a memorandum of agreement with TITAN Group to explore projects at two of its cement plants in Europe and North America.
“Carbon Upcycling is redefining what’s possible in industrial decarbonization by turning waste and emissions into valuable, scalable materials,” said James Lindsay, Investment Director at Builders Vision. “Their technology is widely applicable to a number of local feedstocks and quickly integrates onsite to existing production facilities, and that’s what the market needs.”
With the fresh capital, Carbon Upcycling plans to accelerate deployment of its technology, helping to drive the cement sector’s transition toward low-carbon construction and sustainable infrastructure.