Leaders at the forefront of the financial and tech sectors have helped catalyze CarbonCure Technologies’ reduction and removal of more than 146,000 metric tons of CO₂ to date
Halifax, Nova Scotia (GLOBE NEWSWIRE) — CarbonCure Technologies, a climate tech company deploying a suite of carbon dioxide removal technologies across the global concrete industry, is recognizing its carbon removal credit buyers. These leaders and supporters of high-quality carbon credits have contributed significantly to CarbonCure’s global scale. To date, the company’s technologies have reduced and removed more than 146,000 metric tons of carbon dioxide (CO₂).
The Grand Prize winner of the Carbon XPRIZE, CarbonCure is on a mission to annually reduce and remove 500 million metric tons of carbon emissions by 2030. CarbonCure’s suite of technologies immediately mineralize captured CO2 upon injection into fresh concrete during manufacturing. Even if CarbonCure concrete is later demolished, the mineralized CO₂ will never return to the atmosphere.
CarbonCure sold its first carbon credits in 2020 to Stripe, a payments software provider and early buyer of frontier carbon removal. And we were among the initial purchases of global commerce leader Shopify, which has demonstrated significant climate leadership with its commitment to spend $5 million annually on the most promising technologies and projects fighting climate change globally.
Today, CarbonCure’s carbon credit buyers are among the first in their sectors to invest in permanent, verifiable carbon removal — including Wellington Management from the financial sector, cryptocurrency miner and data center innovator Hut8, and Mapbox and Zendesk representing the tech sector.
CarbonCure has also forged partnerships with major carbon credit platforms such as Abatable, Patch and Pledge, facilitating higher volumes of carbon credit sales that contribute to scaling the carbon market.
CarbonCure Chair and CEO Robert Niven said, “Our carbon credit buyers are leading the field and making an immediate climate impact. Their purchases are accelerating adoption of CarbonCure’s technologies by concrete producers. We are proud to provide high-quality carbon removal credits that are measurable, verifiable, scaling and available right now.”
“Carbon markets are a catalyzing force for innovation and scaling solutions,” Niven added. “As we deploy our technologies globally and work to exponentially increase our carbon storage operations, we’re taking this moment to applaud our partners and their commitment to removing CO₂ and ensuring a sustainable, livable climate.”
CarbonCure’s methodology for calculating its carbon credits was approved in 2021 by Verra, the world’s most widely used voluntary greenhouse gas crediting program. CarbonCure measures and tracks the CO₂ from point of capture through to mineralization, allowing carbon credit buyers to trace the precise deployment date and location of the CO₂ they paid to remove.
“In December, we surpassed 500 CarbonCure systems sold and the delivery of two million truckloads of sustainable, carbonated concrete to construction sites around the world. And as we approach our 10th anniversary in June, we have reduced and removed nearly 150,000 metric tonnes of CO2,” Niven said. “CarbonCure has grown from a single-product company into a vertically-integrated carbon removal solution across the global concrete industry — shrinking the carbon footprint of one of the world’s most difficult-to-decarbonize sectors.”