Eagle Materials in pact with Terra CO2 for potential SCM cementitious plants

Eagle Materials announced that they have entered into exclusive agreements with Terra CO2, a producer of a scalable low-carbon supplementary cementitious material SCM for the potential deployment of multiple eco-friendly, low-carbon cementitious commercial-scale plants that would service three different geographic areas, including the Greater Denver market. The agreements grant Eagle Materials the exclusive right to build and operate plants that produce supplementary cementitious material SCM in each geographic area. When developed and fully scaled, each plant would have the potential to produce approximately 240,000 tons per year of SCM. These agreements represent an important step towards helping states and the construction industry further their environmental goals and initiatives. …”In entering into these agreements with Terra, we’re taking bold steps today to seek solutions that reduce the carbon intensity of cementitious materials using new technologies. Furthermore, as the supply of other SCMs, such as fly ash, continues to decrease in availability, increased SCM development will be crucial to fulfill the needs of our customers and in meeting the expected increases in demand for cement more broadly,” said Michael Haack, CEO of Eagle Materials. As the Portland Cement industry seeks to address climate change and environmental sustainability, the emission rates of traditional cement production present a critical challenge that necessitates innovative solutions. “New climate tech needs to be deployed quickly to meet 2030 and 2050 climate goals. Terra is working hard to accelerate the deployment of its commercial plants through strategic partnerships, deploying more capital and shortening timelines,” said Bill Yearsley, Terra’s CEO. “We are thrilled to work with a partner like Eagle Materials to build commercial plants for sustainable construction, and act on this urgency through our shared commitment to action. In the absence of a ‘climate tech express lane’ from the government, working with industry leaders is key to innovating and expediting low-carbon solutions for the industry.”