29.12.2023 14:34

Sweden’s LKAB Signs Green Cement Deal With EQT-Backed Startup

Swedish state-owned miner LKAB AB has signed a contract with a startup company to supply it with so-called green cement, a product that strips out emission-heavy limestone and heating from the manufacturing process.

Cemvision AB — which is backed by Breakthrough Energy Ventures, Norrsken and EQT — said the deal with LKAB marks the manufacturer’s first commercial agreement, with pilot deliveries scheduled to begin in March, according to a statement.

The cement industry is one of the most polluting sectors, accounting for about 8 % of global emissions. Cemvision says its product will slash carbon emissions by 95 % compared to traditional methods. Its cement is currently being made in a demo plant in southern Poland, with capacity for 4,000 metric tons per year. By 2030, the company aims to produce 5 million tons annually.

According to the company’s website Cemvision’s first product line, Re-ment, consists of two cement binders produced using industrial residual products instead of virgin limestone.

Region: Sweden
Source: Bloomberg
The use of materials published on the site is allowed only with the reference to the source (the journal «Cement and its application») and a hyperlink to the quoted material.
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