Prologis, Amazon and Meta sign low-carbon concrete pact

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According to the World Economic Forum, concrete production and especially cement production constitute 8% of global greenhouse gas emissions. This is the same as the annual production of the world’s third or fourth largest country.

Therefore, large concrete users, some of the biggest names in real estate, combine powers to support low -carbon concrete. Amazon, Meta And Prologue Sustainable concrete buyers participate in other organizations in the establishment of the Alliance or Scoba. The group is previously managed by the non -profit RMI and Green Market Activation Center, known as the Rocky Mountain Institute.

“We want to channel their investments in non -purchasing agreements that will enable low -carbon cement and concrete manufacturers to invest in unstable projects and ultimately accelerate the market.” He said.

The idea is to use collective purchasing forces for low -carbon concrete and thus support sustainable concrete production financially. In addition, the capital, which improves market conditions to enlarge technologies and businesses of low -carbon concrete manufacturers, can help finance the projects out of heavy carbon projects.

“Low -carbon cement and concrete are necessary to purify the built environment from carbon, and this alliance will help to bring new generation solutions for the benefit of our customers.” He said.

The problem that organizations are trying to deal with is scale. Large cement suppliers with a net zero commitment operate large plants and therefore it is extremely expensive to strengthen their products from carbon. Before they are willing to invest, they need to see a legitimate demand in the market.

On the other side of the coin, cement receivers who may want to reduce their emissions have difficulty finding low -carbon cement because suppliers do not think that there is enough demand for this. Scoba will connect its members to leading clean cement manufacturers.

Skinner, “To bring together all these buyers together.

They will make this book and claim with a more innovative demand -sides mechanism to help expand the market. It is the same system as the system used in the renewable energy market in which consumers purchases a certificate for the environmental benefits of a sustainable product, but they do not physically take this product physically.

“It does not make sense to send the cement of a low -carbon cement from California for their projects for their projects. Rather, what we have activated will be a process in which they buy an environmental feature certificate that gives the rights of this low -carbon product, but physical product is actually supplied as locally.”

The aim is to demolish the geographical boundary seen in the cement and concrete industry with a very long and complex supply chain. In addition, it will help innovators in the field such as California -based Start -based Brimstone, invited to participate in the Alliance and provide data.

“Some of the world’s largest companies come together to create a market for sustainable concrete,” Brimstone CEO Cody Finke said. He said. “It provides companies like Brimstone a faster way to the market – it puts our cement on buildings, data centers and infrastructure earlier.”