ASTEC Offers Sustainability Solution For Concrete Production Via Strategic Partnership with CarbonCure Technologies
October 01 2021 - 8:00AM
ASTEC (NASDAQ: ASTE), has entered a strategic partnership with
CarbonCure Technologies whose product enables concrete producers to
reduce their carbon footprint without sacrificing its quality and
strength. The collaboration is a step forward for ASTEC as the
company strengthens its commitment to sustainability under its
OneASTEC business model.
The interest in low carbon concrete is increasing due to
government regulations and incentives, requirements for green
building certifications, and corporate sustainability initiatives.
ASTEC, which includes RexCon, CON-E-CO and BMH Systems brands, has
rights as CarbonCure’s exclusive channel partner in the U.S. and
Canada to offer its technology to customers looking for sustainable
building solutions.
Because the building and construction sector is responsible for
40 percent of global carbon emissions, environmental experts
recommend Carbon Dioxide (CO2) emissions be reduced in the built
environment to positively impact global warming. Concrete has a
large carbon footprint due to cement production.
CarbonCure's technology easily integrates within ASTEC’s new and
existing ready mix concrete plants. Their equipment reduces
embodied carbon by injecting CO2 during the batching process,
sequestering it within the concrete. Additionally, the CO2 creates
a chemical reaction resulting in a strong, high-performing concrete
while utilizing less cement. According to CarbonCure’s test data,
the concrete made with its technology maintains the same quality
and benefits as traditional concrete mix designs. Increasing
sustainable products and services to customers is one way ASTEC is
approaching its sustainability commitment.
“Sustainability is a key component of our OneASTEC business
model. It’s important that we do our part in protecting the
environment through our own operations and by helping our customers
achieve their sustainability goals,” said Barry Ruffalo, President
and CEO of Astec Industries. “CarbonCure's technology offers a real
solution to reduce greenhouse gas emissions. We’re proud to
facilitate that by offering the technology with our ready-mix
concrete plants to our customers looking for environmentally
friendly solutions.”
CarbonCure is on a mission to reduce embodied carbon in the
built environment by 500 million tonnes annually by 2030. To date,
CarbonCure’s concrete technology has been installed in more than
400 concrete plants around the world as the demand for low-carbon
concrete increases. With this partnership, ASTEC will support the
deployment of CarbonCure’s technology with the shared goal of
reducing CO2 emissions in the built environment.
“Astec’s notable presence in the industry and key relationships
with concrete producers make them well suited to help advance our
collective vision to make our concrete technology a standard for
concrete production around the globe,” said Robert Niven, Chair and
CEO of CarbonCure Technologies. “Our partnership with Astec
advances CarbonCure’s significant growth momentum across North
America and represents a shift in our business model as we expand
our product distribution channels beyond direct sales. Forming
strategic partnerships with industry leaders like Astec who share
our commitment to sustainable innovation will play an integral role
in CarbonCure’s growth.”
About ASTEC
Since 1972, ASTEC has been connecting communities by providing
innovative Rock to Road™ solutions for our customers. United by our
purpose - Built to Connect - ASTEC is a leading global manufacturer
of specialized equipment for asphalt road building, aggregate
processing and concrete production. Operations are divided into two
primary business segments. Infrastructure Solutions includes road
building, asphalt and concrete plants, thermal and storage
solutions. MaterialsSolutions includes aggregate and other material
processing solutions. For more information,
visit astecindustries.com and follow us on social media.
LinkedIn
https://www.linkedin.com/company/astecindustries/Facebook
https://www.facebook.com/astecindustriesInstagram
https://www.instagram.com/astec_industries/YouTube https://www.youtube.com/channel/UCLev7VW5fjiq-2IfVXnM9SQ/aboutTwitter
@astecindustries
About CarbonCureArchitects, structural
engineers, owners, and developers are seeking proven ways to reduce
the embodied carbon of their building projects. Recognizing
concrete as a solution, CarbonCure Technologies, a fast-growing
carbon dioxide removal company and co-winner of the NRG COSIA
Carbon XPRIZE, has developed an easy-to-adopt technology that
enables concrete producers to use captured carbon dioxide to
produce reliable, low-carbon concrete mixes and achieve market
differentiation. Available from hundreds of concrete plants, more
than one million truckloads of CarbonCure mixes have supplied a
broad spectrum of sustainable construction projects around the
world. CarbonCure’s investors include Breakthrough Energy Ventures,
Amazon, BDC Capital, Pangaea, Microsoft, 2150, Carbon Direct,
GreenSoil Investments, Taronga Group and Mitsubishi
Corporation.
Contacts: Kaycie Williams
Dir.
Corporate Communicationskwilliams1@astecindustries.com +1 (423) 553
- 5976www.astecindustries.com
CarbonCure Technologies media@carboncure.com
Astec Industries (NASDAQ:ASTE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Astec Industries (NASDAQ:ASTE)
Historical Stock Chart
From Sep 2023 to Sep 2024