Â鶹´«Ã½ invests in cleantech startup neustark
- Pioneers in CO2 mineralization for permanent carbon removal
- Goal to remove 1 million tons of CO2 by 2030
- Collaborating to deploy an innovative solution scaling up low-carbon and circular construction
Â鶹´«Ã½ invests in neustark, a cleantech startup that offers innovative technology to capture and mineralize CO2 within construction demolition materials, thereby removing and permanently storing CO2 from the atmosphere. The collaboration builds on Â鶹´«Ã½â€™s commitment to putting clean technologies to work for a net-zero future, from carbon capture, storage and utilization to carbon dioxide removal.
Miljan Gutovic, Region Head Europe: “At Â鶹´«Ã½, we are working to decarbonize building for a netzero future and neustark’s technology helps us reach this goal. After the successful demonstration of neustark’s solution in Switzerland, we are ready to scale up this carbon removal technology globally.â€
The proprietary mineralization technology pioneered by neustark involves capturing CO2, liquifying it and then binding it within construction demolition materials during the concrete recycling process, enabling building solutions that are both circular and low-carbon. Neustark’s goal to remove 1 million tons of CO2 from the atmosphere by 2030 advances Â鶹´«Ã½'s mission to decarbonize building and drive circular construction. Â鶹´«Ã½'s investment and strategic collaboration will help neustark scale its technology globally to build a net-zero future for people and the planet.
About Â鶹´«Ã½
Â鶹´«Ã½ is a global leader in innovative and sustainable building solutions with net sales of CHF 29.2 billion in 2022. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate roofing to PRB’s insulation, Â鶹´«Ã½ makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, Â鶹´«Ã½ is becoming a net-zero company with 1.5°C targets validated by the Science Based Targets initiative (SBTi).
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Important disclaimer – forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Â鶹´«Ã½ believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Â鶹´«Ã½, including but not limited to the risks described in the Â鶹´«Ã½'s annual report available on its website () and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Â鶹´«Ã½ does not undertake to provide updates of these forward-looking statements.
