Carbicrete
CarbiCrete licenses a patented cement-free concrete technology that replaces Portland cement with steel slag and permanently sequesters CO2 through mineralization, serving concrete manufacturers, builders, and corporate carbon credit buyers.
- Company typePrivate
- Founded2015
- HeadquartersMontréal, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Carbicrete does
CarbiCrete is a Montreal-based cleantech company founded in 2015 that has developed and patented a cement-free concrete process in which steel slag — a steelmaking by-product — replaces 100% of Portland cement as the binding agent, and CO2 is injected during curing to permanently mineralize within the concrete matrix. The resulting products (concrete masonry units and pavers) achieve a Global Warming Potential of 11.7 kg CO2 eq. per cubic meter, approximately 20 times lower than industry averages, while meeting or exceeding ASTM C90 performance requirements. The technology was developed at McGill University by co-founder and CTO Mehrdad Mahoutian and is protected by a granted patent.
The company operates a primarily B2B licensing model in which concrete manufacturers integrate CarbiCrete's patented process, CO2 curing chambers, and material specifications into existing plants; current production partners include Patio Drummond (Drummondville, Quebec) and Canal Block (Port Colborne, Ontario), with European expansion underway through POINT.P (a Saint-Gobain brand) in France. A secondary revenue stream comes from selling Verra-verified carbon removal credits (Project IDs 5480 and 5717) generated through CO2 mineralization, marketed directly to corporate buyers through a partnership with 3Degrees — a buyer base that now includes Meta. CarbiCrete has also developed joint products such as Isobloc ZERO (a cement-free insulated masonry unit launched in February 2026 with Isobloc) and provides supporting Life Cycle Assessment and Environmental Product Declaration services.
CarbiCrete has raised approximately $32M+ across equity ($18M USD Series A in 2022 led by FS Investors, with Saint-Gobain, Aera VC, and Quebec funds participating), venture debt ($1.5M USD from SQN Venture Partners), and grants (notably $3M from Harsco Environmental, the world's largest steel slag processor, and multiple Canadian government grants totaling several million). The company has 50+ employees, was named to the Global Cleantech 100 list in 2020 and 2022, and was a finalist in the $20M NRG COSIA Carbon XPRIZE in 2018. Gary Belisle, formerly CEO of Permacon and CarbiCrete's COO since 2022, was appointed President and CEO in February 2026, succeeding co-founder Chris Stern.
Carbicrete firmographics
Firmographics- Name
- Carbicrete
- Legal name
- CarbiCrete Inc.
- Website
- https://carbicrete.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CarbiCrete licenses a patented cement-free concrete technology that replaces Portland cement with steel slag and permanently sequesters CO2 through mineralization, serving concrete manufacturers, builders, and corporate carbon credit buyers.
- Ownership category
- akta.pro rank
Carbicrete industry classification
Industry- Product category
- Decarbonized Concrete / Sustainable Building Materials
- NAICS
- Concrete Block and Brick Manufacturing (327331), Cement and Concrete Product Manufacturing (3273), Other Concrete Product Manufacturing (327390)
- SIC
- Concrete, Gypsum & Plaster Products (3270), Industrial Inorganic Chemicals (2810)
- akta.pro primary industry
- Cementitious Binders & Additives (Fly Ash, Slag, Silica Fume, Lime) (IMADAAAH)
- akta.pro secondary industries
- CO₂ Utilization from Bioenergy (CCU: Fuels, Chemicals, Building Materials) (EUAAALAG), Concrete Admixtures & Curing Compounds (IMADAAAL)
Keywords
Where Carbicrete is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Carbicrete business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Technology Licensing: Licenses patented cement-free concrete technology to concrete manufacturers. Provides process, materials, equipment specifications, and ongoing support for implementation.
- Carbon Credits Sales: Generates and sells verified carbon removal credits from permanent CO2 sequestration in concrete products. Verra project IDs 5480 and 5717. Carbon credits verified and managed through 3Degrees partnership.
- Decarbonized Concrete Products: Concrete products produced by licensed partners (Patio Drummond, Canal Block) using CarbiCrete technology are sold through distribution channels.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Cement-free concrete products sold through licensed production partners |
| Transaction based/ take rate | Pay-as-you-go | Carbon removal credits available for corporate buyers |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Carbicrete product offering
Product offeringCore offering
CarbiCrete develops and licenses a patented cement-free concrete technology that replaces 100% of cement with steel slag (a steel-making by-product) and uses injected CO2 for curing, permanently sequestering the CO2 within the concrete products through carbon mineralization. The company generates revenue by licensing this process to concrete manufacturers and selling Verra-verified carbon removal credits to corporate buyers.
Product overview
CarbiCrete offers a cement-free concrete technology platform that enables concrete manufacturers to produce decarbonized concrete products by replacing cement with steel slag and using CO2 curing. The core technology is licensed to concrete producers. The product portfolio includes Concrete Masonry Units (CMUs) and Pavers produced by licensed partners (Patio Drummond, Canal Block), Carbon Credits generated from CO2 mineralization, and joint products like Isobloc ZERO (with Isobloc). Supporting services include Life Cycle Assessment and Environmental Product Declarations (EPDs). The technology achieves 100% cement replacement and 20X reduction in carbon footprint compared to conventional concrete.
Differentiator
Problem solved
Functional benefit
Products and services
- Cement-Free Concrete Technology (Licensed Process) Patented cement-free concrete manufacturing process that replaces 100% of cement with steel slag and uses CO2 injection for curing, permanently sequestering CO2 in the resulting products. Licensed to concrete manufacturers with full process, materials, and equipment support.
- Concrete Masonry Units (CMUs) Cement-free concrete blocks produced by licensed manufacturing partners using CarbiCrete technology. Up to 750 kg of CO2 permanently embedded and 3,000 kg of CO2 emissions avoided per 600,000 CMUs produced annually. Meets or exceeds ASTM C90 standards.
- Pavers
- Carbon Removal Credits
- Isobloc ZERO Cement-free insulated masonry unit jointly developed with Isobloc that combines CarbiCrete's cement-free concrete process with Isobloc's insulated masonry system, reducing both embodied and operational carbon in buildings.
- Life Cycle Assessment (LCA)
- Environmental Product Declaration (EPD)
Quantifiable outcome
- Up to 750 kg CO2 permanently sequestered and 3,000 kg emissions avoided per 600,000 CMUs annually
- +5 more outcomes
Companies that use Carbicrete
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Carbicrete technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Carbicrete partnerships and signals
Strategic signalScale indicators12 records
Recent moves7 records
Expansion highlights6 records
Carbicrete competitors and assessment
Company assessmentDirect peers
- CarbonBuilt: Low-carbon concrete block technology using CO2 mineralization, focused on CMUs in the US market. Directly comparable product category and licensing approach to CarbiCrete.
- CarbonCure Technologies: Canadian CO2-injected concrete technology company. Closest direct competitor; both inject CO2 into concrete for carbon sequestration, but CarbonCure uses a cement-based mix (cement reduction) while CarbiCrete eliminates cement entirely.
- Solidia Technologies: US-based company that uses CO2 curing for concrete products, similar core chemistry to CarbiCrete's process. Competes in the same decarbonized concrete masonry and precast category.
Broad incumbents
- CEMEX: Global cement/concrete major offering Vertua low-carbon products and was a co-sponsor of the Construction Startup Competition that CarbiCrete won in 2020. Represents both a competitor and ecosystem participant.
- Heidelberg Materials: Global cement major with evoZero, the first carbon-captured cement at scale. Competes in the same low-carbon concrete market with vastly greater scale and R&D resources.
- Saint-Gobain: Global building materials leader; existing CarbiCrete investor and partner via POINT.P for European commercialization. Represents both an incumbent player in building materials and a strategic ally for market access.
- Holcim (LafargeHolcim): Largest global cement and concrete producer, offering ECOPact low-carbon concrete. Direct incumbent competing for the same green concrete demand; Saint-Gobain and Lafarge are already CarbiCrete partners, highlighting the strategic interplay with incumbents.
Emerging players
- Carbon Limit: Startup developing CO2-absorbing concrete admixtures. Adjacent technology approach; competes for the same embodied carbon reduction value proposition in concrete.
- Brimstone: California-based company producing carbon-negative Portland cement from calcium silicate. Targets the same end-market (decarbonized cement/concrete) via a different chemistry path.
- Blue Planet Systems: US-based company producing synthetic limestone aggregate from captured CO2. Adjacent carbon-to-building-materials approach; targets similar embodied carbon reduction outcomes but in aggregate rather than binder.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Carbicrete social profiles
Digital presenceCarbicrete compliance and trust
Trust signalCompliance2 records
Carbicrete financial estimates
Financial estimateRevenue estimate
Valuation estimate
Carbicrete leadership team
Management profileNumber of profiles
Profiles10 records
Carbicrete funding detail
Funding detailFunding overview
Funding rounds12 records
Investors19 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Carbicrete M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Carbicrete
What does Carbicrete do?
CarbiCrete develops and licenses a patented cement-free concrete technology that replaces 100% of cement with steel slag (a steel-making by-product) and uses injected CO2 for curing, permanently sequestering the CO2 within the concrete products through carbon mineralization. The company generates revenue by licensing this process to concrete manufacturers and selling Verra-verified carbon removal credits to corporate buyers.
Is Carbicrete a public or private company?
Carbicrete is a private company. It is classified as venture growth investor backed and is currently operating.
When was Carbicrete founded?
Carbicrete was founded in 2015. It employs 11 to 50 people.
Where is Carbicrete based?
Carbicrete is headquartered in Montréal, Canada, in the North America region.
How does Carbicrete make money?
Three revenue lines are on record. Technology Licensing is the primary driver. The others are carbon Credits Sales and decarbonized Concrete Products.
Who are Carbicrete's main competitors?
Direct peers on record are CarbonBuilt, CarbonCure Technologies and Solidia Technologies. Broad incumbents are CEMEX, Heidelberg Materials, Saint-Gobain and Holcim (LafargeHolcim). Emerging players are Carbon Limit, Brimstone and Blue Planet Systems.
Does Carbicrete have an API?
No public API is recorded for Carbicrete.
What industry is Carbicrete in?
Carbicrete's product category is Decarbonized Concrete / Sustainable Building Materials. Its primary akta.pro industry code is IMADAAAH, Cementitious Binders & Additives (Fly Ash, Slag, Silica Fume, Lime), with a secondary code of EUAAALAG, CO₂ Utilization from Bioenergy (CCU: Fuels, Chemicals, Building Materials). Its NAICS code is 327331 and its SIC code is 3270.