Carbon Upcycling

What Carbon Upcycling does

Carbon Upcycling Technologies Inc., founded in 2014 and headquartered in Calgary, Canada, develops proprietary carbon capture and utilization technology that transforms CO2 emissions and industrial byproducts into supplementary cementitious materials (SCMs) for the cement industry. Its core CUT CO2 system is an all-electric, bolt-on reactor platform that mineralizes CO2 from industrial sources and upcycles byproducts such as fly ash, steel slag, and waste glass into low-carbon cement alternatives. The company's patented process has been scaled by more than 10 million times since inception, achieves a 30% reduction in concrete carbon footprint (more than double the industry standard), and sequesters approximately 45 kg of CO2 per tonne of SCM produced. A commercial demonstration facility has produced and deployed over 3,000 tonnes of low-carbon material into foundations, sidewalks, and roadways across Canada and the United States.

Carbon Upcycling generates revenue through technology licensing and deployment agreements with major cement manufacturers, alongside direct sales of low-carbon SCMs to ready-mix concrete producers and construction companies. The company targets four primary customer verticals—cement manufacturers (its core segment, including CRH, CEMEX, TITAN Group, and Ash Grove), iron and steel producers, utilities with legacy coal ash, and mining operators—with a vertical segmentation approach. Its go-to-market is enterprise field sales complemented by strategic partnerships (with CRH Ventures, CEMEX Ventures, and TITAN Group as both investors and channel partners) and accelerator-driven market validation (e.g., Holcim MAQER Ventures Accelerator 2026). The first commercial-scale facility, Carbon 1 Mississauga, is under construction at the Ash Grove Mississauga Cement Plant in Ontario with capacity of up to 30,000 tonnes of SCMs annually and operations expected in late 2026. The company has offices in Calgary, Ithaca (New York), and London, and has raised over US$70 million cumulatively across seed, Series A, convertible note, government grants, and asset-secured debt.

Name

Carbon Upcycling

Legal name

Carbon Upcycling Technologies Inc.

Website

https://carbonupcycling.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Carbon Upcycling develops proprietary carbon capture and utilization technology that transforms CO2 emissions and industrial byproducts into low-carbon supplementary cementitious materials, serving major global cement manufacturers including CRH, CEMEX, TITAN Group, and Ash Grove.

Ownership category

akta.pro rank

Product category

Low-Carbon Cement Materials

NAICS

Cement Manufacturing (327310), Cement and Concrete Product Manufacturing (3273)

SIC

Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Mineralization & Carbon-Cured Materials (In-situ/Ex-situ) (EUABAFAD)

akta.pro secondary industries

Carbon Removal Project Development, Financing & Offtake (Developers, Aggregators, Buyers Clubs) (EUABAFAL), Material Reuse & Upcycling Services (Non-recycling Transformation) (EUAIANAJ), Post-combustion Capture Systems (Solid Sorbents & Structured Adsorbents) (EUABAGAB)

Keywords

• Carbon capture technology
• Supplementary cementitious materials
• Low-carbon cement production
• Industrial byproduct upcycling
• CO2 mineralization

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Technology Licensing and Deployment: Carbon Upcycling deploys its technology at cement plant sites, likely through licensing agreements or technology deployment contracts with cement manufacturers. The company generates revenue from technology deployment fees and potentially ongoing royalties or per-tonne fees for materials produced using its proprietary process.
2. Low-Carbon SCM Sales: Sale of supplementary cementitious materials (SCMs) produced using the company's technology. The SCMs are sold to ready-mix concrete producers and construction companies for use in low-carbon concrete applications.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Carbon Upcycling develops and deploys proprietary carbon capture and utilization technology (the CUT CO2 System) that mineralizes CO2 emissions and upcycles industrial byproducts (fly ash, slags, glass fines, tailings) into high-performance, low-carbon supplementary cementitious materials (SCMs). The company sells these SCMs as drop-in cement alternatives and licenses/deploys its technology at cement plant sites for producers including CRH, CEMEX, TITAN Group, and Ash Grove.

Product overview

Carbon Upcycling offers a unified technology platform (the CUT CO2 System) that converts industrial byproducts and captured CO2 into supplementary cementitious materials (SCMs) for the cement industry. The core platform transforms waste streams from cement production and other heavy industries into high-performance, low-carbon cement alternatives. The company's flagship commercial facility (Carbon 1 Mississauga) is co-located at Ash Grove's cement plant and represents the first deployment of this technology at commercial scale. The SCMs produced serve as drop-in replacements for conventional cement, addressing supply chain resilience and decarbonization simultaneously.

Differentiator

Problem solved

Functional benefit

Brands

• Oco: Consumer goods brand launched by Carbon Upcycling using CO2-derived solid nanoparticles for use in plastics as well as consumer products.

Products and services

• CUT CO2 System Patented, all-electric, bolt-on carbon capture and utilization technology platform that transforms industrial byproducts and CO2 into supplementary cementitious materials (SCMs). The system mineralizes CO2 from industrial sources into solid nanoparticles that enhance cement performance, and is licensed/deployed at cement plant sites.
• Low-Carbon Supplementary Cementitious Materials (SCMs) High-quality, low-carbon cement materials produced by transforming CO2 and industrial byproducts. Sold as drop-in alternatives to conventional cement to ready-mix concrete producers and construction companies, reducing the carbon footprint of concrete by 30% while maintaining performance standards.
• CO2-Enhanced Fly Ash Fly ash processed through Carbon Upcycling's proprietary technology that captures CO2 from flue gas and utilizes it to enhance fly ash into a more sustainable and efficient alternative for partial cement replacement in concrete production.
• Carbon 1 Mississauga Facility First-of-its-kind commercial carbon capture and utilization facility co-located at Ash Grove Mississauga Cement Plant in Ontario, Canada. Uses patented CUT technology to permanently sequester CO2 from cement kiln emissions and transform industrial byproducts into high-quality, low-carbon SCMs at industrial scale.

Quantifiable outcome

• 30% reduction in carbon footprint of concrete production
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Solidia Technologies: Pioneer in CO2-cured concrete and non-hydraulic binder systems. Closely comparable to Carbon Upcycling in using CO2 as a feedstock for cementitious materials and in targeting reductions in concrete's carbon footprint.
• CarbonBuilt: US-based company that uses CO2 in the production of concrete masonry and other building materials. Directly comparable in using CO2 as a raw material input for low-carbon cementitious products.
• Carbonaide: Finland-based startup mineralizing CO2 into precast concrete products. Highly comparable in CO2 mineralization technology and target end-use, though primarily serves European precast markets rather than cement-plant SCM supply.
• CarbonCure Technologies: Canada-based competitor that injects captured CO2 into ready-mix concrete to mineralize it permanently. Directly comparable in CO2 utilization for the cement/concrete value chain and serves a similar ready-mix customer base, though its technology is dosed at the concrete plant rather than producing SCMs at cement kilns.

Broad incumbents

• CRH: One of the world's largest building materials groups and an investor (via CRH Ventures) and commercial partner of Carbon Upcycling. Comparable as a broad incumbent with both cement and downstream concrete/construction materials exposure.
• Heidelberg Materials: One of the world's largest cement producers, marketing its evoZero carbon-captured cement. Comparable as a major cement incumbent pursuing CCUS, and an investor/partner candidate for Carbon Upcycling-style bolt-on technologies.
• Holcim: Global cement major with its own decarbonization roadmap and accelerator (MAQER Ventures, in which Carbon Upcycling participates). Comparable as a large incumbent pursuing both in-house and venture-backed CCUS solutions.

Emerging players

• Brimstone: California-based developer of carbon-negative Portland cement made from calcium silicate rather than limestone. Competes for the same low-carbon cement budget but uses a different chemistry pathway; relevant emerging alternative for cement decarbonization.
• Sublime Systems: MIT-spinout producing low-carbon cement via an electrochemical process that avoids limestone calcination. Competes for the same net-zero cement procurement dollars and represents an alternative pathway to low-carbon cementitious materials.
• Carbon Clean: Point-source carbon capture technology provider serving hard-to-abate industries including cement. Partially comparable as a CCUS supplier, though its focus is broader industrial capture rather than mineralization into SCMs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CarbonUpcycling
• Facebookfacebook.com/carbonupcycling
• LinkedInlinkedin.com/company/carbonupcyclingtechnologies
• Instagraminstagram.com/carbonupcycling

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds9 records

Investors21 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carbon Upcycling