Recycling CO2 into Fresh Concrete
Goldman Sachs’ AIMS Imprint group allocated capital with external managers investing in companies with climate- or inclusive growth-related goals
Concrete, the most widely used man-made material, is the second–most consumed material on Earth, trailing only water. Its large carbon footprint, stemming from production of its key ingredient, cement, accounts for 7% of global emissions.1
Our AIMS Imprint group has allocated capital to the investors in CarbonCure, a developer of innovative carbon sequestration and avoidance technologies that inject recycled CO2 into fresh concrete, where it permanently mineralizes —increasing concrete strength while decreasing the cement content required, without sacrificing material performance. CarbonCure has been able to leverage the carbon sequestration elements of its technology to develop high-quality carbon credits. CarbonCure won the CarbonXPRIZE in 2021 for its new Reclaimed Water product, which injects CO2 into concrete wastewater slurry to convert it into a reusable additive for fresh concrete mixes that reduces both water and cement requirements. CarbonCure concrete has been delivered to construct buildings, airports, stadiums and Amazon’s new HQ2 in Virginia.