CO₂​​​​​​​-to-concrete startup Blue Planet secures Series C investment from Chevron

January 21, 2021
Owning the Energy Transition
Average importance

The undisclosed Series C funding will support Blue Planet as it scales its CO2-to-concrete technology in the U.S. The company differentiates from competitors by offering CO2 capture capabilities along with mineralization technology, which can help offset production costs to provide cost-competitive low-carbon aggregates. It's also interesting to note Chevron's prior investments in Carbon Clean and Carbon Engineering and recent collaboration with Pan-United, an indication that the U.S. oil major is betting on a diverse portfolio of novel CCU technologies for decarbonization. Clients with carbon-intensive operations should consider similar decarbonization strategies, particularly for industries like cement that lack low-carbon alternatives.

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