Energy & Science
Bill Gates-Led Fund Invests in European Green Cement Maker
The industrial commodity used to make concrete is responsible for as much as 8% of global carbon emissions.
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Breakthrough Energy Ventures, the $2 billion fund led by Bill Gates, has invested in a company that’s developing low-carbon cement.
Ecocem Materials Ltd., based in Ireland, is tackling a particularly intractable problem when it comes to lowering greenhouse gases emissions. Producing cement contributes as much as 8% of global carbon pollution. Manufacturing plants can last for five decades or more, meaning new technologies enter the market very slowly.