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Carbonaide raises EUR 1.8 million to make manufacturing concrete carbon negative
This VTT spin-out uses industrial side streams and carbon dioxide (CO2) capture, utilization and storage technology to manufacture carbon-negative concrete – Carbonaide now aims to disrupt the USD 130 billion/year global market of precast concrete.
Carbonaide, a spin-out company from VTT Technical Research Centre of Finland that enables the manufacturing of carbon-negative concrete, has raised EUR 1.8 million in seed funding led by Lakan Betoni and Vantaa Energy. The round was completed with public loans and in-kind contributions from Business Finland and other Finnish concrete companies and strategic investors.
The company will use the funding to integrate its CO2 curing technology into an automated production line of precast concrete factory in Hollola, Finland. With its factory-sized pilot unit and fully operational value chain, Carbonaide can mineralize up to five tons of CO2 per day and increase production by 100-fold of its carbon-negative concrete products.