Pozzolan Proliferation

As brand recognition climbs from an early-2022 chartering as Boral Resources and Green Cement Inc. successor, Utah-based Eco Material Technologies remains in a league of its own: Few, if any, cement, supplementary cementitious material (SCM), aggregate or admixture producers match the company in total number of North American ready mixed and manufactured-concrete or heavy/civil contractor accounts, or overall market footprint. …

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Eco Material and Cemex define Green Bond-rated investments

Our cover story subject has hit the ground running since its official launch from an early-2022, $775 million deal uniting Boral Resources, North American fly ash top gun, and Green Cement Inc., Texas-centric developer of PozzoSlag supplementary cementitious material and PozzoCem primary binder.  We catch South Jordan, Utah-based Eco Material Technologies Inc. at an unfolding inflection point. In a span…

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Eco Material books record, 600K-tpy harvested ash processing contract

Sources: Eco Material Technologies Inc., South Jordan, Utah; CP staff Eco Material Technologies has outlined an agreement with Georgia Power to harvest nearly 10 million tons of landfilled ash from Plant Bowen—one of the largest coal-fired power generating stations in North America. The successor to Boral Resources and Green Cement will build a facility at the Cartersville, Ga. site to…

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Eco Material balances SCM portfolio with natural pozzolan mine venture

Sources: Eco Material Technologies, South Jordan, Utah; CP staff Arizona customers and public officials joined Eco Material for a June 21 ribbon cutting at the Kirkland Pozzolan Mine, located in hilly, desert terrain 75 miles northwest of Phoenix. CEO Grant Quasha credited construction and mining teams, as well as plant equipment suppliers, with creating a world class facility—one advancing the…

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Eco Material Technologies launch unites Boral Resources, Green Cement

Sources: Eco Material Technologies, New York; CP staff With the backing of New York middle market operator One Equity Partners (OEP), Wall Street investor Warburg Pincus LLC, and subscribers to a $525 million Green Bond, Eco Material Technologies has closed on Utah-based Boral Resources, North American fly ash market leader, and Texas-based Green Cement Inc., processor of PozzoSlag and other…

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Eco Material Technologies: A new fly ash brand rises in Boral’s wake

Eager to sunset its presence this side of the Pacific, Australia’s Boral Ltd. entered a late-2021 agreement to sell its North American fly ash business to Eco Material Technologies Inc., an entity backed by New York City-based One Equity Partners and Quadrant Management Inc. With a projected closing no later than 2022 Q3, the $755 million deal spans West Jordan,…

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New York investors strike $755M Boral Resources deal

Sources: Boral Ltd., Australia; One Equity Partners, New York; CP staff Boral Ltd. has entered an agreement to sell its North American fly ash business to Eco Material Technologies Inc., an entity backed by New York City-based One Equity Partners and Quadrant Management Inc. With a projected 2022 closing, the $755 million deal spans West Jordan, Utah-based Boral Resources, far…

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Boral Resources sale imminent as parent sunsets North America role

Sources: Boral Ltd., North Sydney, Australia; CP staff Boral Ltd. Managing Director Zlatko Todorcevski confirms in investor guidance accompanying the August 24 release of FY2021 results that “following a detailed assessment of strategic options, we are now entering the final stages of a divestment of our North American fly ash business.” The writing was on the wall for Boral Resources—the…

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Boral reviews Resources; U.S. Concrete adds vacated ash terminal

The Australian parent company of Georgia-based Boral North America has begun a review of Boral Resources to explore “value creation opportunities.” With 120-plus fly ash collection, processing or distribution sites across the U.S., the business accounted for about $470 million of Boral North America’s $1.56 billion in FY2020 sales.

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Boral Resources adds Mexico stations to fly ash supply chain

Sources: Boral Resources, Atlanta; CP staff

Boral Resources has acquired marketing rights for fly ash produced at two large coal-fueled power plants in Mexico, their combined annual output equating to a potential 1 million-plus tons of Class F fly ash for distribution throughout the western United States. The plants are Carbon II in Nava, Coahuila, located approximately 25 miles from the Texas border and accessible by truck or rail; and, Petacalco in Petacalco, Guerrero, located on Mexico’s Pacific Coast and accessible by rail or barge. 

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