Startup · $53m raised
Cement manufacturer
Railton, TAS
Every investor coverage indicates participated in a round Cement Australia raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Government | Grant | $53,000,000 |
Companies Cement Australia acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Cement Australia. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Commentary contends the federal government's near-$53m backing of a Tasmanian cement kiln switch to burning wood waste and tyres is misguided, arguing biomass burning raises emissions, damages forests and wastes public money.
Also RenewEconomy
Melbourne carbon capture firm KC8 has secured $10 million from Woodside and Cemex's venture arm to grow its team and roll out its solvent technology across cement, steel, energy and chemical sectors.
Canberra has allocated $330 million from its Powering the Regions Fund to nine industrial decarbonisation projects, with named grants for Cement Australia, Adbri, Queensland Alumina and the Murrin Murrin nickel-cobalt operation.
Coal-industry body LETA has committed $6 million to back KC8 Capture Technologies' PACER project, which will trial capturing cement-production emissions at Cement Australia's Gladstone facility.