Sublime Systems Secures Combined $75M In Investments From Global Building Materials Majors, CRH And Holcim, To Accelerate Scale-Up Of True-Zero Cement Manufacturing Technology, New Funding Includes Equity Investments And Multi-Year Pre-Paid Offtake Of Sublime Cement
Portfolio Pulse from Benzinga Newsdesk
Sublime Systems has secured $75M in investments from CRH and Holcim to scale up its zero-emission cement technology. The funding includes equity investments and pre-paid offtake agreements, supporting the development of Sublime's first commercial facility in Massachusetts.
September 24, 2024 | 12:42 pm
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POSITIVE IMPACT
CRH is investing in Sublime Systems to support the development of zero-emission cement technology, which could enhance CRH's sustainability profile and product offerings.
CRH's investment in Sublime Systems aligns with its sustainability goals and could lead to innovative product offerings, potentially enhancing its market position.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Holcim's investment in Sublime Systems supports the development of zero-emission cement technology, aligning with Holcim's sustainability initiatives and potentially expanding its product range.
Holcim's investment in Sublime Systems is a strategic move to enhance its sustainability credentials and product offerings, which could positively impact its market position.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80