Irish low carbon cement company Ecocem has announced €22.5 million in equity investment from Breakthrough Energy Ventures (BEV) and Breakthrough Energy Ventures-Europe (BEV-E), venture capital funds that are part Bill Gates’s Breakthrough Energy coalition, which seeks to accelerate the global drive towards net zero carbon emissions.
There is strong and growing demand for GGBS on the Irish market, according to leading Irish supplier Ecocem, as the company gears up to respond to a market and regulatory environment that is increasingly demanding low embodied energy construction products.
The cement industry is well known as being amongst the worst culprits for emitting CO2, a seemingly unavoidable side effect of its production. However, as Peter Seymour, Business Development Manager with Ecocem Ireland Ltd explains, there is a strong, eco-friendly competitive alternative to Portland cement that is being specified in a variety of high profile construction projects in Ireland.