Lafarge supports carbon negative initiative
First publishedon www.AggBusiness.com
Lafarge has announced that it was the first company to subscibe to a new bond issue launched by Novacem last week. The UK-startup will use the £1million bond to continue development of its carbon negative cement technology Magnesium Oxide-based product for the construction industry. It will also be used to study a semi-industrial pilot plant to be located next to an existing cement plant. The subscribers to the bond will have a priority access to test the products and will participate in the study of the unit.
“Lafarge has always placed great importance in Research and Development and its contribution to sustainable construction,” said Lafarge senior vice president for R&D Pascal Casanova. “While considerable resources are dedicated to our in-house research projects, we are also interested in promising external technologies, which is why we support Novacem at this early stage of its development”.