First Suppliers Hub is a global repository of climate technology created through the World Economic Forum.
LOS ANGELES | January 19, 2024
In conjunction with the World Economic Forum’s Annual Meeting in Davos, Switzerland this week, CarbonBuilt announced that concrete blocks made with its ultra-low carbon concrete production technology are listed in the inaugural launch of the First Movers Coalition (FMC) First Suppliers Hub.
The Hub is a global repository of innovative and emerging technologies that meet the FMC’s stringent thresholds for decarbonization across heavy-emitting sectors. Its publication supports the FMC’s advanced market commitment project designed to foster annual demand of $15 Billion for emerging climate technologies and 29 million tonnes (Mt) CO2e in annual emissions reductions by 2030.
CarbonBuilt has developed manufacturing technology that produces concrete blocks that reduce embodied carbon by 70-100+ percent, yet perform the same and cost no more to make than traditional products.
The company’s proprietary process can achieve 52 kg CO2e/m3 of concrete or less, which is below the FMC threshold of 70 kg CO2e/m3 concrete required for inclusion in the Hub.
CarbonBuilt is one of only five companies globally whose concrete or cement products reach the FMC’s ambitious thresholds (already or by the end of 2024).
CarbonBuilt’s technology is deployed at existing concrete manufacturing plants and starts with the replacement of high-cost, high-carbon cement with a low-cost, low-carbon alternative binder.
During manufacturing, CarbonBuilt’s binder chemically reacts with captured atmospheric CO2 to strengthen the blocks and permanently store the CO2.
The process generates both carbon avoidance and removal credits. The combination of lower input costs and shared carbon credit revenue enables producers to make ultra-low carbon concrete without any compromises.
The First Suppliers Hub will be a pivotal tool for FMC organizations as they move from commitments to action.
It provides relevant information that reduces research efforts in the procurement process allowing buyers to connect with suppliers and innovators for initiating collaboration, offtake agreements, and more. FMC has grown to 95 members who have collectively made 120 commitments.
By 2030, these commitments will represent an annual demand of $15 Billion for emerging climate technologies and 29 million tonnes (Mt) CO2e in annual emissions reductions. Concrete and cement are one of the seven sectors identified as crucial targets for decarbonization.
“Inclusion in the First Suppliers Hub is recognition of the potential of our technology to help decarbonize the concrete industry and the built environment. It gets ultra-low carbon concrete in front of some of the largest buyers in the world, which will accelerate adoption and the associated climate benefits.”
— Rahul Shendure, CarbonBuilt CEO
The FMC initiative was first launched in 2021 by the Office of the US Special Presidential Envoy for Climate John Kerry and the World Economic Forum and has become the leading global public-private partnership to scale new clean technologies to decarbonize long-range transport and materials sectors.
The database is free for all organizations globally to access. Users can request access to the hub and suppliers can submit projects via the FMC website.
ABOUT CARBONBUILT®
CarbonBuilt, winner of the NRG COSIA Carbon XPRIZE, enables concrete manufacturers to produce ultra-low carbon concrete products with 70-100+% less embodied carbon. CarbonBuilt’s technology replaces most of the expensive, high-carbon Portland cement typically used during concrete manufacturing with a proprietary low-cost cement alternative made from widely-available low carbon materials. These materials harden after chemically reacting with CO2, to not only strengthen the blocks, but also permanently store the CO2 in solid form, diverting it from the atmosphere. Because it can be cost-effectively installed at existing concrete manufacturing plants and delivers products that meet ASTM C90 and other applicable industry standards without increasing costs, CarbonBuilt’s technology can be rapidly adopted by the nearly 800 concrete plants in the U.S. alone. More information is available at www.carbonbuilt.com
ABOUT THE FIRST MOVERS COALITION
At the 2021 United Nations Climate Change Conference (COP26), the United States announced the launch of the First Movers Coalition, a new platform for companies to harness their purchasing power and supply chains to create early markets for innovative clean energy technologies that are key for tackling the climate crisis. Announced by President Biden at the COP26 World Leaders Summit, the First Movers Coalition was created through a partnership between the U.S. State Department’s U.S. Special Presidential Envoy for Climate and the Office of Global Partnerships, and the World Economic Forum, in collaboration with the U.S. Departments of Commerce and Energy. More information is available at https://initiatives.weforum.org/first-movers-coalition/home.
Media Contact
John Williams, Scoville PR for CarbonBuilt
jwilliams@scovillepr.com, +1-206-660-5503
