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Fortera Secures Microsoft Funding for Low-Carbon Cement Production
Businesswire· 2025-09-23 10:00
Core Insights - Microsoft has made an investment in Fortera, a green cement manufacturer, to support the construction of its full-scale commercial facility [1] Company Summary - Fortera is focused on producing green cement, with plans for a facility capable of producing 400,000 tons per year [1]
One Equity Partners, Warburg Pincus and Green Cement Investments to Sell Eco Material Technologies to CRH
Prnewswire· 2025-07-29 14:00
Core Insights - Eco Material Technologies is being sold to CRH for a total consideration of $2.1 billion, positioning it for continued growth under CRH's management [1][4] - Eco Material was formed in 2022 through the merger of Boral Limited's North American fly ash business and Green Cement Inc, focusing on sustainable cement alternatives [2][6] - The company operates a national network for processing and recycling approximately seven million tons of fly ash and three million tons of synthetic gypsum annually, with additional capacity under construction [2][6] Company Overview - Eco Material Technologies is a leading independent supplier of Supplementary Cementitious Materials (SCMs) in North America, emphasizing environmentally friendly, near-zero carbon cement production [1][6] - The company recycles over 10 million tons per year of materials, significantly reducing emissions and avoiding landfill use [6] Strategic Partnerships - One Equity Partners and Warburg Pincus played crucial roles in Eco Material's growth by providing investment and partnership, which helped build a strong foundation for future expansion [3][4] - The transaction is expected to leverage CRH's national distribution network and innovation capabilities to enhance service to customers [3][4] Future Outlook - The proposed transaction is subject to regulatory approval and is anticipated to close in 2025, marking a new chapter for Eco Material under CRH's stewardship [4]