Halifax firm gets $1.1 million financing for concrete-making process
by The Canadian Press
Financing will be used to bring the technology to market in the next 18 months
HALIFAX—A Halifax-based company that has come up with a way to make environmentally friendly concrete has received $1.1 million in financing from the Nova Scotia Crown agency Innovacorp.
CarbonCure Technologies Inc. has developed technology that helps concrete plants use carbon dioxide to make cheaper, stronger concrete products.
Economic Development Minister John MacDonell says the blocks made using the company’s process meet a growing demand for affordable green building materials.
The provincial government says the financing will be used to bring the technology to market in the next 18 months.
Company CEO Robert Niven says the technology will be soon installed at three concrete plants operated by the Shaw Group in Lantz, N.S., Atlas Block in Toronto and Basalite Concrete Products in Dixon, Calif.