In 2014, Emissions Reduction Alberta committed $35 million in funding over three rounds for the most innovative technologies that will convert CO₂ emissions into valuable products. The challenge spurred Apoorv Sinha, found Carbon Upcycling and develop what would be our first carbon mineralization unit. As a result of Apoorv’s innovation, Carbon Upcycling was 1 of 24 companies to receive 500K in funding to advance to the second round of the grand challenge.
Our team entered into the NRG Cosia Carbon XPrize, where we had 4.5 years to scale from a reactor the size of a cookie jar to our commercial demonstration plant. We advanced to the semi-final (2017) because we built the Zeta reactor, which was the first beyond-lab scale unit. Diesel-generated truck at Bearspaw lab (co-work space with horse lab)
Carbon Upcycling’s first commercial product was an anti-corrosion coating for concrete slabs. The coating mitigated climate effects like acid rain on critical infrastructure. The innovation led to Carbon Upcycling being the youngest carbon utilization company to earn revenue in less than two years.
Carbon Upcycling completed the LafargeHolcim accelerator in France, marking a momentous shift in the company to focus in on the cement and concrete industry.
X-Prize finalist (2018) and built the Eta reactor, which was a 10M time scale-up with only 7 people on the team. The announcement of winners was 2021.
Seed Raise w/ commitment from Cemex ventures (2021 was term sheet, 2022 was close). Led by CEV.
First project UK - ukri project funding (2022)
CRH Ventures invests in Carbon Upcycling Technologies | CRH Ventures
Series A w/ commitment from Titan and led by BDC and CI (2023)