Ashcor Technologies

What Ashcor Technologies does

Ashcor Technologies is a Calgary-based supplier of supplementary cementitious materials (SCMs) for the concrete and construction industries, operating as a wholly-owned subsidiary of ATCO Ltd. Founded in 1998 originally to market fly ash by-products from coal-fired power generation, the company today sells specification-grade Class F fly ash through its Houston and Dallas-Fort Worth distribution terminals and markets reclaimed coal ash products produced via its patented RAM (Reclaimed Ash Management) technology. Its primary customers are ready-mix concrete producers, state Departments of Transportation (DOTs), utilities with legacy coal ash sites, and oilfield services companies operating across Canada and the United States.

The company's core technology is the proprietary RAM system, which processes stored coal ash from landfills and impoundments—including bottom ash and mixed deposits without pre-screening or separation—into certified SCMs meeting both CSA A3001 and ASTM C618 standards. A portable variant, Mobile RAM (mRAM), enables on-site ash reclamation at customer locations, reducing transport costs and landfill tipping fees. Ashcor operates a RAM facility at the Battle River site in East-Central Alberta (the first harvested coal ash SCM certified to both standards) and is developing a state-of-the-art RAM facility at the J.H. Campbell Generating Complex in Michigan in partnership with Consumers Energy, designed to process millions of tons of legacy coal ash accumulated over six decades.

Ashcor generates revenue through bulk product sales of fly ash and RAM Ash and through turnkey coal ash reclamation services for utilities and site owners, including site assessment, permitting support, ash harvesting, and end-use market development. The go-to-market is enterprise field sales targeting infrastructure and construction buyers, with a dedicated Canadian Sales Manager and a US-focused VP of Business Development. Pricing is not publicly disclosed; customers obtain quotes and project proposals directly through the sales team. Following ATCO's 2019 exit from coal-fired generation in Western Canada, Ashcor pivoted from marketing fresh by-product fly ash to reclaiming legacy stored ash—an asset-light, sustainability-led repositioning that underpins its current growth narrative.

Name

Ashcor Technologies

Legal name

Ashcor

Website

https://ashcor.atco.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Ashcor Technologies is a Calgary-based ATCO Ltd. subsidiary that supplies supplementary cementitious materials—including Class F fly ash and reclaimed coal ash produced via its patented RAM technology—to ready-mix concrete producers, DOTs, utilities, and oilfield operators across North America.

Ownership category

akta.pro rank

Product category

Construction Materials - Supplementary Cementitious Materials

NAICS

Secondary Smelting and Alloying of Aluminum (331314), Aluminum Sheet, Plate, and Foil Manufacturing (331315)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341), Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Coal Ash & Byproducts Management (CCRs, Fly Ash, Bottom Ash, Gypsum) (EUACAAAI)

Keywords

• Fly ash marketing
• Supplementary cementitious materials
• Coal ash reclamation
• Concrete additives
• Coal combustion residuals

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Fly Ash Sales: Sale of specification-grade Class F fly ash sourced from coal-fired generating stations, available through Texas locations (Houston and Dallas-Fort Worth), used in ready-mix concrete, infrastructure, and industrial applications.
2. RAM Ash (Reclaimed Ash) Sales: Sale of high-performance reclaimed coal ash produced via RAM technology, meeting CSA A3001 and ASTM C618 standards, sold to ready-mix producers, DOTs, and industrial clients across North America.
3. Coal Ash Reclamation Services: Turnkey ash reclamation solutions for utilities and site owners, including site assessment, permitting support, ash harvesting, and end-use market development, transforming environmental liabilities into marketable products.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Ashcor Technologies manufactures and supplies supplementary cementitious materials (SCMs) for the concrete and construction industries, including Class F fly ash and reclaimed coal ash products. The company uses its proprietary patented RAM (Reclaimed Ash Management) technology to process stored coal combustion residuals from landfills and impoundments into specification-grade SCMs meeting CSA A3001 and ASTM C618 standards. It also offers Mobile RAM (mRAM) deployable processing units and turnkey coal ash reclamation services for utilities and site owners.

Product overview

Ashcor Technologies offers a portfolio of supplementary cementitious materials (SCMs) for the concrete and construction industries. The core offering consists of RAM (Reclaimed Ash Management) technology—a patented proprietary system that reclaims stored coal ash from landfills and impoundments—and the resulting RAM Ash products. This is complemented by Mobile RAM (mRAM), a portable deployable version of the technology for on-site processing. Ashcor also markets fly ash sourced from active coal-fired power plants in Texas. All products meet CSA and ASTM standards and are used in ready-mix concrete, infrastructure projects, oil well cementing, and soil stabilization applications.

Differentiator

Problem solved

Functional benefit

Products and services

• RAM Ash High-performance, technically-specified supplementary cementitious material produced using RAM technology from reclaimed coal ash. Meets CSA A3001 and ASTM C618 standards. Used by ready-mix concrete producers, DOTs, and industrial clients in concrete production, infrastructure, and downhole cementing applications.
• Fly Ash Premium Class F ASTM-grade fly ash sourced from coal-fired generating stations and distributed through Ashcor's Houston and Dallas-Fort Worth terminals. Approved by the Texas Department of Transportation for infrastructure and public works projects. Improves durability, workability, and environmental footprint of concrete.
• Manufactured Ash Specification-grade supplementary cementitious materials created by reclaiming and beneficiating material from coal ash impoundments containing decades-old coal combustion residuals. Processed for use in concrete and construction applications.

Quantifiable outcome

• RAM Ash from Battle River is the first harvested coal ash SCM of its kind to meet CSA A3001 and ASTM C618 standards
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Consumers EnergycoreStrategic or Co-development PartnerAshcor and Consumers Energy announced a coal ash remediation partnership at the J.H. Campbell Generating Complex in Michigan. Ashcor will build and operate a state-of-the-art RAM facility to reclaim and revitalize legacy coal ash accumulated over six decades at the site. This is a flagship strategic project for Ashcor's expansion into the US Great Lakes market.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Eco Material Technologies: Eco Material Technologies is one of the largest fly ash and alternative SCM producers in North America, operating legacy ash beneficiation and marketing fly ash, slag cement, and natural pozzolans. It is the most direct competitor to Ashcor's RAM-based reclaimed ash business.
• SEFA Group: SEFA Group is a US fly ash marketing and beneficiation company with a national network of terminals and CCP processing operations. It competes directly with Ashcor in supplying specification-grade fly ash and reclaimed ash to ready-mix producers and DOTs.
• Charah Solutions: Charah Solutions provides coal combustion products management, including fly ash marketing, ash pond remediation, and alternative SCMs. It is a direct competitor to Ashcor in utility-driven ash reclamation and downstream SCM supply.
• Salt River Materials Group: Salt River Materials Group (a Phoenix Cement/Salt River Pima–Maricopa Indian Community joint venture) markets fly ash and other SCMs across the western US. Comparable to Ashcor in serving ready-mix and infrastructure markets with fly ash-based cementitious materials.

Emerging players

• CR Minerals: CR Minerals produces natural pozzolan-based SCMs (e.g., volcanic ash/pumice) as a sustainable alternative to fly ash in concrete. It overlaps with Ashcor in supplying spec-grade SCMs to ready-mix and DOT customers but uses a different raw material.
• CarbonCure Technologies: CarbonCure is a Canadian-based concrete decarbonization technology company that injects captured CO2 into ready-mix concrete. While not a fly ash producer, it competes with Ashcor in the broader low-carbon concrete SCM value proposition for DOTs and ready-mix producers.

Broad incumbents

• Boral Limited: Boral is a large Australian-headquartered construction materials company that historically operated a major US fly ash business (sold to Eco Material in 2022). It is comparable to Ashcor at the broad incumbent level in fly ash marketing and downstream concrete materials.
• Heidelberg Materials: Heidelberg Materials is a global cement and aggregates major that supplies cementitious materials (including fly ash blended cements) to infrastructure and ready-mix markets. Comparable to Ashcor as a broad incumbent competing in the SCM/cementitious materials space.
• Holcim US: Holcim's US operations (formerly LafargeHolcim) are a major cement and concrete materials supplier, including blended cements using fly ash and other SCMs. Comparable to Ashcor as a broad incumbent addressing the same end markets for SCMs in concrete.
• CEMEX USA: CEMEX USA is a large cement, ready-mix, and aggregates producer with a Vertua low-carbon concrete portfolio that incorporates fly ash and other SCMs. Comparable to Ashcor as a broad incumbent in the cementitious materials supply chain for US infrastructure and ready-mix markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

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 Ashcor Technologies