CarbonCure enters 10-year, $30M carbon credit purchase agreement

Sources: Invert Inc., Calgary; CarbonCure Technologies, Halifax, N.S.; CP staff CarbonCure Technologies has signed a pioneering carbon credit purchase agreement underpinned by its process of mineralizing and storing carbon dioxide in ready mixed or manufactured concrete. Valued at $30 million over a 10-year window, it entails majority and minority funding partners, Invert Inc. of Calgary and Ripple Inc. of Ottawa,…

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LafargeHolcim US follows Swiss parent in transition to Holcim identity

Source: Holcim US, Chicago; CP staff LafargeHolcim in the United States has unveiled its new identity, Holcim US, uniting legacy brands and strengthening the cement, aggregate and concrete producer’s purpose “to build progress for people and the planet.” The transition is the first within Holcim Group and represents what management notes is a significant milestone. “The Holcim US identity is…

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CRH to book $3.45B in Oldcastle BuildingEnvelope sale

Sources: CRH Plc, Dublin; CP staff CRH continues to streamline its North American portfolio around cement, aggregates, concrete and asphalt production assets. The company recently announced an agreement to sell its California-based Oldcastle BuildingEnvelope business to KPS Capital Partners, a New York private equity firm. The deal includes a $3.45 billion cash payment, plus transfer of $335 million in lease…

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PCA’s Sullivan factors Ukraine into revised U.S. construction forecast

Sources: Portland Cement Association, Washington, D.C.; CP staff Portland Cement Association Chief Economist Ed Sullivan cites the potential for a dip in cement consumption and concrete output attributable to the Russia-Ukraine conflict. At a joint luncheon in San Antonio during the PCA and National Ready Mixed Concrete Association 2022 conventions, he offered three scenarios for U.S. shipments through 2024:

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Advisor FMI factors IIJA, labor, M&A in 2022 Construction Materials Outlook

Sources: FMI Corp., Raleigh, N.C.; CP staff FMI Capital Advisors, a leading investment banking firm for aggregate, concrete, asphalt producers and their customers, examines key drivers and challenges its 2022 Construction Materials Outlook. Themed “Seizing the Opportunities Ahead,” the report also assesses 2021 producer and contractor merger & acquisition activity.

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Public, private stakeholders pen global standard for embodied carbon

The World Resources Institute in Washington, D.C. has granted preliminary approval of the “Sector Supplement for Measuring and Accounting for Embodied Emissions in the Built Environment” as the document is in process of attaining the Built on GHG Protocol Mark. Once finalized, the Supplement will be available at https://ghgprotocol.org/Guidance-Built-on-GHG-Protocol. Concrete, steel, glass, wood and flooring materials have an impact that…

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Royal cast

IntoConcrete has announced the latest addition to its interactive collection – the Arena concrete chess set. A modern interpretation of the age-old game of chess, Arena is inspired by the architecture of the Roman amphitheatre. Designed by Material Immaterial Studio in partnership with IntoConcrete, the set includes a board and 16 distinct concrete pieces, each handcrafted with stately detail to…

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ACI moves Concrete Convention from in-person to virtual format

Sources: American Concrete Institute, Farmington Hills, Mich.; CP staff Engineers, contractors, educators, material or manufacturing representatives, plus other allied interests will assemble online from October 17-21, 2021 for the ACI Concrete Convention—the world’s gathering place for advancing construction. Originally scheduled as a hybrid event with virtual presentations accompanying in-person meetings in Atlanta, the program will now be fully online. 

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Contractor raises bar on acid resistant concrete structures

Structural fiber reinforced polymer-wise retrofit contractor Composite Construction LLC is targeting corrosion control at this month’s MINExpo 2021 in Las Vegas with the unveiling of a concrete formulated to withstand exposure to highly acidic and other corrosive compounds, no coatings required.  ARC Acid Resistant Concrete is applied directly to an existing structure, giving it immediate protection in environments that are…

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Institute does project math in Concrete Solutions, Embodied Carbon Guides

Sources: RMI, Boulder, Colo.; CP staff Energy market-driven RMI has released Concrete Solutions Guide in tandem with the broader Reducing Embodied Carbon in Buildings, the former presenting specific opportunities for “a nearly ubiquitous material with a sizable climate impact” and expanding on the need to optimize mixes to reduce overall embodied carbon in buildings at little to no additional cost.

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