Displaying items by tag: LocalGlobe

UK: Graphene-enhanced concrete admixture developer Concretene has raised €3.5m in an investment round led by technology venture capital (VC) firm Molten Ventures. Fellow VC LocalGlobe supplied additional funding. Concretene says that the finances will support scale-up and product certification of its liquid admixture. The product increases various performance metrics of concrete, while reducing cement requirements, according to the developer. It derives its graphene from industrial by-products from the energy sector.

Concretene chief operating officer Mike Harrison said "We’re delighted to welcome Molten Ventures to join with us and LocalGlobe on our mission to decarbonise concrete. We also want to thank LocalGlobe for their enthusiasm and support in getting Concretene off the ground. Our team in Manchester has a unique combination of expertise and experience across construction and nanomaterial science, which will enable us to deliver our next stage of development and earn industry confidence and certification.”

George Chalmers, head of climate at Molten Ventures, said "Concretene has made tremendous strides in getting its technology out of the lab and into meaningful real-world projects and applications. Its solution, viable today, is poised to make a meaningful impact in reducing emissions in one of the hardest to abate sectors. We are delighted to support Concretene’s world-class team of scientists and operators in scaling its solution across the industry.”