What if concrete could become our biggest CO2 storage solution? Paebbl stores carbon dioxide permanently and at scale with their nature-inspired mineralization technology. They just raised $25M from Capnamic, Amazon Climate Pledge Fund, Holcim MAQER Ventures, and GOLDBECK's family office Aurum Impact to supercharge their work. Congrats, Andreas, Marta, Jane, Pol, and the team! Learn more about how Paebbl makes things concrete:
Every year, we produce 30 billion tonnes of concrete around the world to build housing, roads, bridges, dams and other infrastructure. And we are not slowing down; from now on, every single month until 2050, we need to build a new Manhattan's worth of infrastructure, primarily out of concrete. At the same time, the way we have made concrete until now can no longer continue; it is already responsible for more than 8% of global GHG emissions every year. What if those 30 billion tonnes of concrete could be made in a way that stores CO2 instead of emitting it? Paebbl's proprietary CO2 mineralisation technology turns captured CO2 to cementitious materials; making carbon-storing construction materials a reality while providing a large-scale, permanent home for all the CO2 we have to capture. Together with our new investors Capnamic, Holcim Holcim MAQER Ventures, Amazon Climate Pledge Fund, Aurum Impact of GOLDBECK and our existing investors, we are kicking the transition to second gear and preparing to take our CO2-storing SCM to market.
Thanks for your support in the seed round, Illusian Founder Office ! 🙌