Materrup raises 26 million to open “low carbon” cement factories

Materrup raises 26 million to open “low carbon” cement factories
Materrup raises 26 million to open “low carbon” cement factories

Since 2018, the Landes company Materrup has exploited the 23 patents which protect its unique technology for producing cement from uncooked clay, which would reduce its carbon footprint by 40% compared to a cement…

Since 2018, the Landes company Materrup has exploited the 23 patents which protect its unique technology for producing cement from uncooked clay, which would reduce its carbon footprint by 40% compared to conventional cement. A “Materrup cement” which, moreover, can be produced from clays located as close as possible to the sites of use.

Since February 2022 and the opening of its first pilot production plant in Saint-Géours-de-Maremne (40), the young innovative company, supported by the Nouvelle-Aquitaine Region and BPI France, has attracted the interest of big names in the construction sector, which seeks to reduce its CO emissions2 (the carbon footprint of concrete is currently estimated between 285 and 400 kg of CO2 per m³). This technology, now called “CCC” (low-carbon circular cement), has enabled Materrup to implement to date more than 10,000 cubic meters of low-carbon concrete based on its cement for prefabrication and ready-made concrete applications. for use (foundations, slabs, etc.). This is a drop in the bucket compared to the needs of the European market, estimated at 130 million tonnes per year, but the interest shown in CCC by the construction industry has convinced investors.

Around ten factories to come

Indeed, after a first fundraising of 3 million euros carried out at the end of 2021, the company, led by its co-founders Mathieu and Thomas Neuville and chaired for a few days by Julie Neuville, announces having raised an additional 26 million euros.

Materrup has just opened its capital to the European investment funds Eurazeo and EIC Fund. They join historic investors UI Investissement, Aquiti, Irdi and Argiduna Capital. This sum should allow Materrup to deploy, in France but also in Europe, a network of cement factories. A deployment of modular production factories which should be made possible thanks to partnerships and joint investments concluded with manufacturers in the sector.

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