Professional services firm Deloitte Canada announced a multi-year agreement with carbon removal technology company CarbonCure Technologies to purchase high-quality carbon credits through supporting the deployment of CarbonCure’s technology, which captures CO2 in concrete.
Founded in 2012, Halifax, Nova Scotia-based CarbonCure provides solutions that let concrete producers use captured carbon dioxide to produce low carbon concrete mixes. CarbonCure’s technology injects captured and liquefied CO2 from industries and Direct Air Capture (DAC) into concrete ingredients. This transforms it into a substance that enhances the strength of concrete while reducing the reliance on its key, carbon-intensive ingredient, cement. Cement production, a key ingredient in concrete, accounts for approximately 8 % of global carbon dioxide emissions, with over 900 kg of CO2 emissions generated for every 1000 kg of material produced.
According to Deloitte, the new agreement will directly support the deployment of CarbonCure’s carbon removal technologies around the globe, aligning with Deloitte’s carbon management strategy to support development and scale of meaningful market solutions.
