logo
TITAN Group and Carbon Upcycling Forge Strategic Partnership to Develop Low-Carbon Construction Materials

TITAN Group and Carbon Upcycling Forge Strategic Partnership to Develop Low-Carbon Construction Materials

Business Wire04-06-2025
TITAN Group ('TITAN') (Brussels:TITC), a leading international business in the building and infrastructure materials industry, and Carbon Upcycling Technologies Inc. ('Carbon Upcycling'), a leader in carbon and waste utilization, have entered into a Memorandum of Agreement (MOA) to explore the commercial deployment of Carbon Upcycling's technology for producing local, low-carbon building materials. This collaboration builds upon TITAN's earlier investment in Carbon Upcycling and underscores both companies' shared commitment to accelerating the decarbonization of the building materials industry.
The MOA outlines plans for Carbon Upcycling to conduct technical feasibility studies at two TITAN cement plants, with the goal of implementing its technology to produce high-performing, low-carbon supplementary cementitious products by utilizing and upcycling captured CO₂ emissions and abundantly available local materials. These CO₂-enhanced cementitious products are expected to strengthen construction supply chains and significantly reduce the carbon footprint of cement production.
' Expanding the scope of our partnership with Carbon Upcycling from investment to project exploration aims to scale up the production of innovative, high-performance cementitious solutions in line with our Green Growth Strategy 2026', said Leonidas Canellopoulos, Chief Sustainability & 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. Through this collaboration, TITAN and Carbon Upcycling are setting a precedent for how strategic alliances can drive meaningful change in the built environment. '
' Our partnership with TITAN Group represents the necessary collaboration to advance the global cement industry towards a circular, low-carbon future', said Apoorv Sinha, CEO of Carbon Upcycling. ' Globally, we are seeing increasingly complex supply chains. Carbon Upcycling is transforming this reality by localizing critical cementitious material production so we can continue to build what matters most.'
Carbon Upcycling' demonstration plant is currently operating in Western Canada, with its CO 2 -enhanced cement products commercially deployed across the built environment. The company is now developing its flagship commercial-scale project in Eastern Canada.
TITAN Group has set CO₂ reduction targets across Scopes 1, 2, and 3, validated by the Science Based Targets initiative (SBTi) toward net zero by 2050. TITAN's roadmap includes concrete actions to lower the carbon footprint of its operations and products. TITAN Group aims to double its sales of low-carbon products by 2026 compared to 2022. Learn more about TITAN's journey to net zero at: www.titanmaterials.com/net-zero
About TITAN Group
TITAN Group is a leading international business in the building and infrastructure materials industry, with passionate teams committed to providing innovative solutions for a better world. With most of its activity in the developed markets, the Group employs over 5,700 people and is present in over 25 countries, holding prominent positions in the US, Europe, including Greece, the Balkans, and the Eastern Mediterranean. The Group also has joint ventures in Brazil and India. With a 120-year history, TITAN has always fostered a family-and entrepreneurial-oriented culture for its employees and works tirelessly with its customers to meet the modern needs of society while promoting sustainable growth with responsibility and integrity. TITAN has set a net-zero goal for 2050 and has its CO₂ reduction targets validated by the Science Based Targets initiative (SBTi). The company is listed on Euronext and the Athens Exchange. For more information, visit our website at www.titanmaterials.com.
Carbon Upcycling is a carbon and waste utilization company securing critical cement supply chains for the infrastructure of tomorrow. Its technology offers a productive solution for CO₂ emissions and industrial waste materials by upcycling them into low-carbon supplementary cement products. The patented system captures and reduces emissions through carbon capture and abatement while fostering localized, circular supply chains. Carbon Upcycling is backed by a syndicate of strategic investors, including the Business Development Bank of Canada, Climate Investment, Oxy Low-Carbon Ventures, and Clean Energy Ventures, as well as three of the world's leading cement manufacturers: CRH, Cemex, and TITAN Group. Learn more at carbonupcycling.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Judge Blocks F.T.C. Investigation of Media Matters
Judge Blocks F.T.C. Investigation of Media Matters

New York Times

time4 hours ago

  • New York Times

Judge Blocks F.T.C. Investigation of Media Matters

A federal judge granted an injunction on Friday blocking the Federal Trade Commission's investigation of Media Matters, saying the inquiry violated the free speech rights of the liberal watchdog group, which had published research critical of Elon Musk and his social media platform, X. In May, the F.T.C. began examining whether Media Matters illegally colluded with other advertising advocacy groups to pinch off revenue from X. Media Matters reported in 2023 that ads on X appeared alongside antisemitic content. Media Matters sued the F.T.C., calling the inquiry a 'campaign of retribution' waged on behalf of Mr. Musk and the Trump administration. On Friday, Judge Sparkle L. Sooknanan of U.S. District Court for the District of Columbia agreed, calling the inquiry 'a retaliatory act' and essentially blocking it from progressing, though the F.T.C. can appeal. 'This case presents a straightforward First Amendment violation,' Judge Sooknanan wrote in her ruling. She added, 'It should alarm all Americans when the government retaliates against individuals or organizations for engaging in constitutionally protected public debate.' Andrew Ferguson, the F.T.C. chairman appointed by Mr. Trump, has argued that advertiser boycotts are a form of censorship and can eliminate funding for important online venues for speech. The F.T.C.'s investigation is among several actions by the Trump administration against leading individuals and organizations in the political left, including some elite law firms and the Democratic fund-raising platform ActBlue. As part of its inquiry, the F.T.C. is also looking into whether roughly a dozen other prominent advertising and advocacy groups violated antitrust law by coordinating boycotts among advertisers. A spokesman for the F.T.C. did not immediately respond to a request for comment. Representatives for X did not respond to requests for comment. 'The court's ruling demonstrates the importance of fighting over folding, which far too many are doing when confronted with intimidation from the Trump administration,' Angelo Carusone, the president of Media Matters, said in a statement. 'We will continue to stand up and fight for the First Amendment rights that protect every American.' Research published by Media Matters in 2023 showed that ads appeared on X alongside neo-Nazi posts and other antisemitic content. At the time, advertisers were withdrawing from the site, many citing concerns about hateful and violent content. In addition, Mr. Musk endorsed an antisemitic conspiracy theory on the platform. Mr. Musk has filed several lawsuits against Media Matters contending that its research interfered with X's advertising business, and the organization was investigated by conservative attorneys general in Texas and Missouri. Mr. Musk's lawsuits are ongoing, but a federal court halted the state investigations last year, ruling that they were likely to infringe on Media Matters' right to free speech. The legal pressures have plunged Media Matters into crisis, as the group has conducted layoffs and scrambled to raise more cash from skittish donors, The New York Times reported last month.

BofA Says 'It Better Be Different This Time,' as Stock Valuations Give Dotcom Bubble Vibes
BofA Says 'It Better Be Different This Time,' as Stock Valuations Give Dotcom Bubble Vibes

Yahoo

time6 hours ago

  • Yahoo

BofA Says 'It Better Be Different This Time,' as Stock Valuations Give Dotcom Bubble Vibes

With U.S. stocks sitting near record highs, Wall Street analysts say one key metric is starting to draw dotcom bubble comparisons. The S&P 500's price-to-book value ratio has climbed to 5.3, a touch above extreme valuations seen in March 2000, right before the dotcom bubble burst, according to Bank of America market strategist Michael Hartnett. Except, "it better be different this time," Hartnett said in a note to clients Thursday. Factors that would suggest the current market cycle is unlike the one in the 1990s—when tech stock valuations ballooned, and subsequently burst in the early 2000s—include bond allocations, the boom in artificial intelligence, currency debasement as well as global rebalancing away from the U.S. to the rest of the world, he said. However, investors partying on hopes the Federal Reserve cuts rates sooner rather than later could drag on the U.S. dollar, as rate cuts would lower the returns and attractiveness of investments in the currency. The firm's Bull & Bear Indicator sits in neutral territory, at a 6.1 on a scale of zero to 10 that measures extreme bearishness to extreme bullishness. "If not different this time, bonds get some love," Hartnett wrote; international stocks would be favored over the S&P 500 too. Investors appear "pumped" with expectations the Fed could soon join the "central bank rate cut party," with valuations being the only hurdle to pushing corporate bonds and stocks higher, he said. Traders are currently pricing in a roughly 87% chance the Fed will cut rates at its next meeting in September, according to the CME Group's FedWatch tool. However, a sharp pivot from Fed's recent policy stance could also give rise to fresh debates on the central bank's independence, and "disruption [equals] debasement," Hartnett said, suggesting a policy disruption could drive the U.S. dollar index below 90 and push investors to seek inflation and currency devaluation hedges in gold, crypto, and emerging markets in the second half of the 2020s. The U.S. dollar index, which measures the relative strength of the dollar compared to other currencies, has declined more than 9% this year, at around 98 as of Friday afternoon. A weaker dollar might prove useful for the Trump administration to see a "'25/'26 boom & bubble," Hartnett said, which he added could be an easy way "to reverse path of US debt & deficit trends." Read the original article on Investopedia Sign in to access your portfolio

62-year-old fish caught in Lake Superior thought to be oldest-ever lake trout found in Great Lakes
62-year-old fish caught in Lake Superior thought to be oldest-ever lake trout found in Great Lakes

CBS News

time7 hours ago

  • CBS News

62-year-old fish caught in Lake Superior thought to be oldest-ever lake trout found in Great Lakes

Researchers say that a lake trout recently captured in Lake Superior is believed to be the oldest-known specimen of its species ever caught in the Great Lakes, estimated to be 62 years old. The fish was collected at Klondike Reef in autumn 2023 by researchers with the Michigan Department of Natural Resources, along with multiple universities and the U.S. Fish and Wildlife Service. According to the DNR, one of the fish specimens collected may not have tipped any physical records scales, weighing in under 5 pounds and measuring just over 2 feet in length, but it certainly qualifies as the oldest fish ever documented among the five Great Lakes. The fish is believed to have hatched in 1961, long before a man walked on the moon, long before the first known test-tube baby, and even before President John F. Kennedy was assassinated. DNR officials said, with some whimsical logic, that if the fish were to have gone through human schooling, it would have graduated the same year as former president Barack Obama and Princess Diana of Wales. A typical lake trout in Lake Superior is thought to be roughly 25 to 30 years old. Prior to this new discovery, the oldest trout reported in the lake was estimated to have reached 42 years of age. Researchers determined the age of the fish by counting the number of "rings" visible on the fish's otolith, or "ear stone," which grows through the years of a fish's life. The Michigan DNR said that staffers have taken to calling the fish "Mary Catherine," as Mary was among the most common names given to baby girls the year the trout was born. Officials say that they take samples of fish to track population health, and the discovery of Mary Catherine indicates that lake trout are doing well in Lake Superior.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store