Holcim invests in Travertine to advance decarbonized cement and circularity
- Startup binds CO2 from direct air capture into advanced mineral components for permanent carbon removal
- Investment from Holcim MAQER Ventures to scale technology to decarbonize cement
Holcim has invested in Travertine to apply the startup’s proprietary circular technology to the decarbonization of cement. By binding CO2 from direct air capture into advanced mineral components, Travertine’s technology permanently sequesters carbon. Holcim’s investment, through its corporate venture capital and open innovation unit MAQER Ventures, will support the scaling of this technology to decarbonize cement.
Nollaig Forrest, Chief Sustainability Officer, Holcim: “We’re excited to work with innovative startups like Travertine to advance our goal of making decarbonized cement and concrete a reality at scale this decade. Driving circularity, Travertine reduces carbon emissions by capturing and binding CO2 into advanced mineral solutions.”
Holcim MAQER Ventures participated in a funding round for Travertine alongside Clean Energy Ventures, Bidra Innovation Ventures, and the Grantham Foundation for the Protection of the Environment. Based in Boulder, Colorado, USA, Travertine spun out of Lammers’ lab at the University of California, Berkeley, in 2022.
About Holcim
Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 27.0 billion in 2023. Driven by our purpose to build progress for people and the planet, our 63,448 employees are on a mission to decarbonize building, while improving living standards for all. We empower our customers across all regions to build better with less, with a broad range of low-carbon and circular solutions, from ECOPact and ECOPlanet to our circular technology platform ECOCycle®. Through innovative systems, from Elevate roofing to PRB insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of our strategy, we are on the way to becoming a net-zero company with 1.5°C targets validated by SBTi.
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This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.
