Land co2The company based in the United States with carbohydrate -like materials received another $ 124.5 million at New Equity Capital in the last round of financing.
In addition to the groundbreaking energy supply companies, Eagle materials, Genzero and straight climate, the round included important investments by Barclays Climate Ventures. Other strategic investors who join the round are Prologis, the global logistics leader, the building material giant Cemex and Siemens Financial Services.
In addition to the collection of stocks, the Silicon Valley Bank, a department of First Citizens Bank and Stifel Bank, led the provision of a credit facility that Terra made additional financial flexibility.
The news will follow an earlier announcement of $ 82 million in the series -b financing in February and took place shortly after the US Ministry of Energy at the beginning of June 3.7 billion US funds for carbon capture projects. In his explanation Terra Co.2 It was absolutely necessary that these solutions offer cost -competitive advantages that can work in existing industries and infrastructures.
Extended processing facility
The new capital will enable Terra to quickly promote the plans for a 218,000 TPA continuation system in the Dallas-Firsth area. Financing will also support to expand Terra's offices and industrial plants, to expand the team significantly, to develop more shoveling commercial projects and to further promote new generations of cement -capable products.
“Terra's mandate is to deliver cement -like material solutions that the market would only buy at costs and performance, even if there is no CO2 benefit. The fact that Terra cement material also offers a significant reduction in carbon reductions is an additional advantage for the built environment,” says Terra CEO from Bill Yeasley.
The patented process of the patented additional cement materials (SCMS) from Terra creates a powerful, inexpensive alternative to Portland cement and traditional traditional resources such as flight ash. In contrast to other carbon-poor SCMs, according to Terra, its opus products use inexpensive, abundant and local raw materials from existing aggregated mines, while they work within the existing industry infrastructure.