13.11.2024
TAALERI BIOINDUSTRY PRESS RELEASE 13 NOVEMBER 2024 AT 9:07 (EET)
Taaleri Bioindustry invests in C2CA, a company upcycling waste concrete
Taaleri Bioindustry Fund I is investing in C2CA Technology B.V., a Dutch company and the technological leader in waste concrete upcycling. The investment will enable the construction of a full-scale commercial production facility in Rotterdam, in the Netherlands. The factory will process approximately 150,000 tonnes of waste concrete annually.
C2CA has developed a process that allows upcycling of end-of-life concrete into drop-in materials for use in new concrete. The innovative process enables the effective separation of the individual components of end-of-life concrete (aggregate, sand and cement paste) through the combination of mechanical and thermal processes. C2CA's upcycled materials have been used in six reference construction projects under the Dutch Climate Envelope initiative, showcasing their quality and performance in real-world applications.
The company’s economic activities contribute significantly to the climate objectives of the EU Taxonomy by enabling the upcycling of 100% of end-of-life concrete, and reducing emissions compared to conventional concrete mix by 20–30% according to a third-party verified life cycle assessment. The economic activities of C2CA are taxonomy eligible and aligned in the categories “Manufacture of Cement” and “Material recovery from non-hazardous waste”.
The investment is Taaleri Bioindustry Fund I’s fifth investment. The fund invests in industrial-scale production facilities and companies that can accelerate the expansion of bioindustry production, circular economy initiatives and renewable energy solutions (excluding wind, solar and battery storage plants).
Taaleri Bioindustry Fund I complies with Article 9 of the EU Sustainable Finance Disclosure Regulation and therefore makes only sustainable investments in companies that, for example, contribute substantially to climate change mitigation. The fund has raised over EUR 100 million in commitments.
“We are thrilled to begin cooperation with C2CA. The company provides an excellent example of a circular economy solution where the material recovery is exceptional. This reduces the need for virgin raw materials, thereby providing lower carbon-footprint materials for the construction industry. This proven, ready-to-scale technology presents an opportunity to make a notable environmental impact while creating value for customers,” says Tero Saarno, Director (Investments and Projects) of Taaleri Bioindustry.
“Thanks to this investment and with the continued support of our owners, we will be able to deliver high-quality, low-carbon alternatives to traditional concrete materials – sourced from local demolition projects and supplied to local concrete producers. This decentralised approach is a paradigm shift in the industry, and our holistic approach ensures a validated reduction in environmental impact, cost savings and happy customers,” C2CA says.
For further information, please contact:
Tero Saarno, Director (Investments and Projects), Taaleri Bioindustry, +358 50 373 1923, tero.saarno@taaleri.com
Taaleri in brief
Taaleri is a Nordic investment and asset manager that focuses on businesses with industrial-scale opportunities within bioindustry and renewable energy. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We have been a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to become a leading investment manager operating internationally in bioindustry and renewable energy.
Taaleri has EUR 2.6 bn of assets under management in its private equity funds and co-investments. The company has approximately 130 employees. Taaleri Plc is listed on Nasdaq Helsinki.
C2CA Technology B.V. in brief
As the technological leader in waste concrete upcycling, C2CA Technology B.V. makes upcycling a practical, profitable and sustainable choice. Their groundbreaking technology produces low-carbon concrete by transforming waste into high-performing substitute materials, providing a clear path to a sustainable competitive advantage.