CarbonCure Technologies Inc., based in Halifax, Nova Scotia, licenses its technology to concrete producers to help them make greener and stronger concrete. CEO Robert Niven, a clean-tech developer, founded CarbonCure Technologies nine years ago and after several years of research and development, launched it commercially in 2012. The technology helps concrete producers to lower their greenhouse gas emissions while improving the material performance of concrete.
Who started the company? Do you / team members have tech background?
CEO Robert Niven, a clean-tech developer, founded CarbonCure Technologies nine years ago and after several years of research and development, launched it commercially in 2012.
Yes our team is made up of scientists, engineers and entrepreneurs from across the supply chain. You can learn more about our key people: http://carboncure.com/leadership/ and on each of our Linkedin profiles.
How does the reaction work?
The upcycling of carbon dioxide into concrete occurs through a reaction between the cement and carbon dioxide. Calcium ions from the cement combine with carbonate ions from carbon dioxide combine to form calcium carbonate, which is similar to limestone. The limestone-like mineral is present as a nanomaterial, which is a fine material that is evenly distributed throughout the concrete mix.
How are you being financed?
CarbonCure is a venture-backed company. There are some details on our financing rounds here: https://www.crunchbase.com/organization/carboncure-technologies
What do you think will be / is a big obstacle to overcome?
CarbonCure has overcome significant obstacles over the past decade around the technology science and engineering. The next challenge to overcome is scaling the technology to meet the global demand for technologies that convert CO2 into valuable products.
Who is your biggest competition?
The status quo is our biggest competition. Convincing new customers to try the technology can be a challenge, but once they can demonstrate that the technology helps them to save money, they are keen to adopt the technology across their fleet of plants.
How are you intending on taking your company to million dollars in revenues? In what markets?
The next phase is making the company a billion-dollar company. Our expansion plans include Europe, China and India, where there is an intense demand for green construction materials.
What is the big lesson you've learned (success or failure) with this project.
Selecting strong strategic partners has been critical to our success so far, and we anticipate that forming key partnerships with other strategics will help us rapidly deploy the technology across the world, and help us to achieve our goals in the near-term.
Watch video - The CarbonCure Story: