Parker: Calgary firm Carbon Upcycling turns industrial waste into valuable cement products
Article content
Calgary-based Carbon Upcycling is making great strides in its mission to convert carbon emissions and industrial waste byproducts into valuable, local materials for low-carbon cement production. Its groundbreaking technology offers a productive solution for CO2 emissions and industrial waste materials by upcycling them into low-carbon supplementary cement products.
Article content
Article content
In the few years since it was launched in 2015, the company has attracted the interest of a large number of major cement companies and has forged a strategic partnership with TITAN Group, one of the world's leading international businesses in the building and infrastructure materials industry.
Article content
The companies entered a memorandum of agreement earlier this month to explore the commercial development of Carbon Upcycling's technology for producing local, low-carbon building materials. The collaboration builds on TITAN's earlier investment in the Calgary company and underscores both companies' shared commitment to accelerating the decarbonization of the building materials industry.
Article content
'Expanding the scope of our partnership with Carbon Upcycling from investment to project exploration aims to scale up production of innovative, high-performance cementitious solutions in line with our Green Growth Strategy 2026,' says Leonidas Canellopoulos, chief sustainability and innovation officer of TITAN Group. 'This initiative not only highlights the importance of localized production but also serves as an important model for integrating low-carbon solutions into mainstream industrial processes.'
Article content
Article content
The scientist with the vision of an inclusive, equitable world where carbon is a sustainable resource — shaping the future of humanity — is Apoorv Sinha, co-founder and CEO of Carbon Upcycling.
Article content
Born in Baha, a small province in the northeast area of India, he was brought up in Kuwait where his father had moved the family to work in the oil and gas industry. Sinha's education took him to the U.S., where he earned his chemical engineering degree at Georgia Institute of Technology.
Article content
He says he was attracted to Calgary as an energy hub with a reputation for innovation — a good place to build a business. In 2014, along with a couple of friends, they entered an Emissions Reduction Alberta challenge for the most innovative technologies that would convert CO2 emissions into valuable products.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
22 minutes ago
- Toronto Star
Proxy advisory firms ISS and Glass Lewis back Sunoco offer for Parkland
CALGARY - Two proxy advisory services are recommending shareholders vote in favour of Parkland Corp.'s planned takeover by U.S. company Sunoco LP. Institutional Shareholder Services Inc. and Glass, Lewis & Co. are both endorsing the friendly cash-and-stock deal announced last month, which is valued at US$9.1 billion including assumed debt. Parkland owns the Ultramar, Chevron and Pioneer gas station chains as well as several other brands in 26 countries and a refinery in Burnaby, B.C. ARTICLE CONTINUES BELOW Parkland's biggest shareholder Simpson Oil, which holds an almost 20 per cent stake, has said it plans to vote in favour of the offer. However, New York-based Engine Capital, which owns 2.5 per cent of Parkland's shares, has said it won't support the deal as it stands. The shareholder vote is set for June 24. ISS noted in a report that the deal came together in the last moments of a proxy context with Simpson, which had been pushing for a leadership overhaul and performance improvements. 'Given this backstory, there are inherent concerns that the process was reactive, accelerated, and/or placed (Parkland) in a disadvantageous bargaining position, and thereby resulted in an offer that undervalues the company,' the ISS report said. 'However, when viewed in proper context, there are compelling reasons to believe that this deal is the best path forward for shareholders.' ISS said the deal is a way for shareholders to 'move on at a premium' from Parkland's long-standing issues while still being able to benefit from its upside potential. Glass Lewis concluded in its report that while some shareholders, including Engine, were skeptical about the timing of the takeover announcement, it sees evidence that the Parkland board was motivated by the merits of the transaction and not solely self-preservation. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW The proxy firm said the deal offers a 'credible path' toward resolving Parkland's problems. 'While shareholder scrutiny of the process is both understandable and appropriate, the terms of the agreement suggest that the board succeeded in negotiating a transaction that largely aligns with shareholder interests,' Glass Lewis said. This report by The Canadian Press was first published June 16, 2025. Companies in this story: (TSX: PKI)
Globe and Mail
an hour ago
- Globe and Mail
Reeflex Solutions Inc. Announces Credit Facility With the Royal Bank of Canada
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, June 16, 2025 (GLOBE NEWSWIRE) -- Reeflex Solutions Inc. (TSXV: RFX) (' Reeflex ' or the ' Company ') is pleased to announce that it has entered into a credit agreement with the Royal Bank of Canada (' RBC ') for credit facilities (the ' Credit Facilities ') that will support the Company's continued growth and operational flexibility, including working capital requirements and potential expansion opportunities. The Credit Facilities consist of: (i) a revolving demand facility in the amount of $1 million bearing interest at the Royal Bank Prime Rate + 1.25%; and (ii) a revolving term facility in the amount of $500,000 available by way of a series of variable rate term loans and fixed rate term loans with terms up to 72 months. The specific repayment terms of a drawdown under the revolving term facility will be agreed to between the Company and RBC at the time of drawdown. 'We are very pleased to have secured this credit facility with RBC,' said John Babic, President & CEO of Reeflex. 'This financing represents a vote of confidence in our business model, management team, and long-term strategic vision. It also enhances our ability to execute on our growth plans.' The Credit Facilities are secured by a General Security Agreement constituting a first ranking security interest in all of the property of Reeflex and a personal guarantee by an officer and director of the Company. The credit agreement includes standard financial reporting obligations and customary fees, including an annual renewal fee, arrangement fee, and monthly management fee. About Reeflex Reeflex is a public company delivering advanced engineering and manufacturing solutions across various industry sectors. Through our wholly-owned subsidiary, Coil Solutions Inc., we provide coil tubing injectors and downhole tools for the oil & gas sector. Our manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications. See and Reeflex Contact For further information, please contact: John Babic President, Chief Executive Officer and Director Email: Telephone: 780-909-4220 Cautionary Note Regarding Forward - Looking Information This press release contains 'forward-looking information' or 'forward-looking statements' within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including statements included in the 'About Reeflex' section of this press release, are forward-looking. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as 'anticipate', 'believes', 'estimates', 'expects', 'intends', 'may', 'should', 'will' or variations of such words or similar expressions. More particularly, and without limitation, this press release contains forward-looking information or forward-looking statements concerning the resumption of trading of the Reeflex Shares on the TSXV and Reeflex capitalizing on opportunities for growth in its industry. Reeflex cautions that all forward-looking information and forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Reeflex, including expectations and assumptions concerning Reeflex, as well as other risks and uncertainties, including those described in Reeflex's filings available on SEDAR+ at The reader is cautioned that assumptions used in the preparation of any forward-looking information or forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Reeflex. The reader is cautioned not to place undue reliance on any forward-looking information or forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information and forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Reeflex does not undertake any obligation to update publicly or to revise any of the included forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
Hudbay Snow Lake mining operations resume after Manitoba wildfire evacuations
TORONTO – Hudbay Minerals says it has restarted its Snow Lake operations in northwestern Manitoba after authorities lifted wildfire evacuation orders for the area. The Toronto-based company temporarily wound down work in the region two weeks ago after the town of Snow Lake was put under precautionary evacuation notice. Only essential personnel remained on site to help with emergency activities. The miner says there has been no structural damage to its operations at Snow Lake or Flin Flon as a result of the fires. Mining activities started up again at the Lalor mine over the weekend, with a priority on gold zones. The New Britannia gold mill is expected to ramp up to full production this week, with the Stall base metal concentrator following next week, as many workers there are still affected by evacuation orders around Flin Flon. Hudbay says it still expects to meet its annual targets for Snow Lake, given strong performance there so far this year. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published June 16, 2025. Companies in this story: (TSX: HBM)
