U.S.-based Terra CO2 said on Thursday it has secured $124.5 million in Series B funding to accelerate the commercial rollout of its low-carbon cement products, as it aims to scale operations across North America and Europe.

The new round, co-led by Breakthrough Energy Ventures, Eagle Materials, GenZero, and Just Climate, also includes strategic investments from Barclays Climate Ventures, Siemens Financial Services, Cemex and logistics giant Prologis.

The funding comes as U.S. subsidies for green initiatives decline, placing greater emphasis on market-ready solutions that do not rely on government support.

Terra’s patented process for making supplementary cementitious materials is designed to work within existing infrastructure and reduce carbon emissions without added costs.

Commercial Facility Planned in Texas

With the fresh capital, Terra plans to launch its first 240,000-ton-per-year advanced processing plant in the Dallas-Fort Worth region. The funds will also support team expansion, facility upgrades, and further product development.

“Terra’s mandate is to deliver cementitious material solutions that the market would purchase solely based on cost and performance, even if there was no carbon benefit,” CEO Bill Yearsley said in a statement.

The company also secured a credit facility co-led by Silicon Valley Bank, a division of First Citizens Bank, and Stifel Bank, providing additional financial flexibility.

Low-Carbon Alternative to Portland Cement

Terra’s OPUS SCM product replaces up to 50 percent of traditional Portland cement by using abundant silicate minerals from existing aggregate mines. A second product, OPUS Zero, which aims to fully replace Portland cement, is undergoing concrete trials.

“Terra’s technology offers a combination of commercial readiness and cost competitiveness,” said Steven Poulter, head of Barclays Climate Ventures. “Its ability to support the decarbonization of a heavy industry such as cement aligns with our commitment to scalable, near-term solutions.”

Cement production accounts for roughly 8 percent of global carbon dioxide emissions, according to industry data. Terra claims its solution is validated by third-party testing and delivers performance on par with or exceeding that of conventional materials.

The company, headquartered in Golden, Colorado, states that its drop-in reactor solution enables seamless integration with existing cement infrastructure, allowing for rapid deployment at scale.

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