Concretene, a nanomaterial technology startup based in Manchester, has secured £3 million in venture capital to advance its carbon-reducing concrete admixture. This funding round, led by Molten Ventures with participation from LocalGlobe, underscores the increasing focus on sustainable solutions in the construction industry. As the global demand for eco-friendly building materials rises, Concretene’s innovative approach aims to lessen the environmental impact of concrete, which is known for its substantial carbon footprint. The company has made strides in transforming its laboratory developments into practical, real-world applications, a vital step towards creating more sustainable infrastructure.
Concretene’s journey has been marked by significant developments over the past few years. Their collaboration with The University of Manchester’s Graphene Engineering Innovation Centre was pivotal in developing a prototype that demonstrated increased compressive strength and reduced carbon emissions. Industry collaborations and previous investments have helped build a robust team, positioning Concretene as a promising player in the field of sustainable construction materials. The current funding round is a testament to the potential seen by investors in a technology that addresses both performance and environmental concerns.
What Sets Concretene Apart?
Concretene’s unique approach involves a graphene-enhanced liquid admixture that enhances the mechanical performance of concrete. By improving the chemical structure during the curing process, this admixture strengthens the material while allowing for a reduction in cement usage, a major contributor to carbon emissions. This process not only reduces the environmental impact but also accelerates curing times, potentially cutting project costs and durations. Such innovations highlight the dual benefits of improved structural integrity and sustainability.
How Will the Funding Be Utilized?
The newly acquired funds will be directed towards further product development and achieving certification for Concretene’s graphene-based admixture. This financial support is crucial for scaling their operations and integrating into larger construction projects. By collaborating with industry leaders such as Arup and Black Swan Graphene, Concretene aims to enhance its product offerings and secure a foothold in the market. Additionally, partnerships with companies like Roger Bullivant and Cemex focus on developing low-carbon cement formulations, furthering their mission to decarbonize the industry.
The collaboration with Arup involves an extensive material testing program to validate the performance of Concretene as a concrete admixture. This initiative is vital for standardizing their product, ensuring reliability and consistency in various applications. Dr. Fragkoulis Kanavaris from Arup has expressed confidence in the technical advancements and the potential for rapid commercialization. Such partnerships are instrumental in bridging the gap between innovation and industry adoption.
Concretene’s efforts are not isolated. The company is part of Manchester’s new innovation district, which aims to foster technological advancements in various sectors. Such environments provide the infrastructure and community support necessary for startups to thrive, emphasizing the interconnected nature of innovation and urban development. As Concretene continues its journey, its success may pave the way for similar ventures focused on sustainable building solutions.
As the construction industry grapples with environmental challenges, Concretene’s development of a graphene-enhanced concrete admixture represents a significant step towards more sustainable building practices. The funding from Molten Ventures and LocalGlobe will aid in the scaling and certification of this innovative product, with the potential to reduce carbon emissions and improve project efficiencies. With ongoing collaborations and research, Concretene is well-positioned to contribute to the greening of the concrete industry, reflecting broader trends in sustainable urban development.
