Manufacturers – March 2024

Matthew Sutton

Following last year’s change of ownership, Charah Solutions Inc., Kentucky-based fly ash processor and marketer, has named Matthew Sutton president and chief executive officer. He arrives with 30-plus years of senior executive experience from top environmental, engineering and consulting firms, among them CH2M, AECOM and Arcadis Environmental. He most recently led Matrix Solutions, an environmental and engineering consultancy.

“Matthew Sutton brings proven experience in executive leadership and value creation to our company and the SER Capital Partners family,” says Charah Solutions Executive Chairman Curt Morgan. “Our board conducted an extensive search for a candidate with broad environmental industry experience and expertise across many sectors, and demonstrated executive leadership. Matthew’s background and experience fit the criteria we set out to fulfill in our hire of a new CEO. He has a proven track record of leading, improving and growing organizations.”

Carbon Upcycling Technologies Inc., Calgary-based developer of carbon capture and utilization methods in cement and concrete, has been named to Cleantech Group’s 2024 Global Cleantech 100. The report selected companies from more than 25,000 nominations to showcase innovators with the most outstanding technologies, original business models, and bold plans. Carbon Upcycling’s platform technology produces supplementary cementitious materials from steel or mining waste streams and enhancing them with carbon dioxide extracted from cement kiln exhaust.

Carbon Upcycling’s commercial-scale technology is currently operating in western Canada, with two more deployments set for cement plants in eastern Canada and the United Kingdom. Its process is a readily scalable carbon removal and avoidance solution for the nearly 3,500 cement plants around the world that serve as the central hubs of the modern building materials industry.

“We’re honored to be named to the 2024 Global Cleantech 100 for the second consecutive year,” says Carbon Upcycling CEO Apoorv Sinha. “The cement and concrete industry require decarbonization solutions at a pace and scale that achieve critical 2030 climate targets. Making the Global Cleantech 100 is a testament to the rapid technology scaleup and deployment we have achieved to date, the cement industry partners we have engaged, and the syndicate of investors supporting our team.”