To meet the growing demand to lower the cement industry’s carbon emissions, advanced materials manufacturer Fortera secured $85 million in Series C funding to scale the deployment of its low-carbon cement technology that integrates with existing infrastructure.
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The round included participation from previous investors Khosla Ventures and Temasek and first-time investments from Wollemi Capital, NOVA by Saint-Gobain, Presidio Ventures, and Alumni Ventures. With operations at the company’s Redding ReCarb Plant underway, Fortera is positioned to move forward with additional plants that will produce ReAct® green cement, which has 70% less carbon dioxide (CO2) per ton than ordinary cement.
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“Due to the scale of the industry, we won’t have an impact on emissions unless we have an economic pathway to expand globally,” said Ryan Gilliam, CEO and co-founder of Fortera. “With the launch of our first plant and the close of this funding round, we’re entering into the next phase of our development as a commercial project company to accelerate low- to zero-carbon cement deployment. It’s vital to have the financial means to put operations in place to commercialize our technology, and we are honored to have the backing and expertise of some of the most knowledgeable investment firms in project finance and the cement and concrete industry as we carve the path to zero CO2 cement.”
Fortera’s ReCarb process bolts onto existing cement manufacturing plants, captures the industrial CO2 emissions from traditional cement production, and converts it to mineral form to achieve a ready-to-use low-carbon cement. Since the company’s process integrates into established infrastructure, including feedstocks, capital investments, logistics, and sales networks, the path to wide-scale commercialization is shorter and more cost-effective. Fortera’s ReCarb technology operates at a significantly reduced kiln temperature and is compatible with renewable energy integration, which would further reduce emissions and enable zero CO2 cement production.
“To address carbon emissions in this challenging industrial sector, we need to make the best use of the resources already in place,” said Natalie Volpe, Director at Wollemi Capital. “Fortera does what previous green cement technologies have failed to do—it works with cement companies to provide an accessible solution to a cleaner industry. The compatibility with today’s ecosystem makes us confident that Fortera’s process is the most effective technology to decarbonize cement and achieve meaningful climate impact more quickly. We are pleased to bring Wollemi’s expertise in financing next generation infrastructure projects to support the development of future plants.”
Fortera’s technology is the result of over 100,000 hours of research and development, supported by more than 100 issued and pending global patents and over a decade of real-world product testing. The company’s ReAct cement, a unique form of calcium carbonate created from mineralized industrial CO2, matches the strength and durability of ordinary cement. It meets existing regulations and is ASTM-approved as a partial cement substitute. ReAct can be used alone or mixed with ordinary cement, reducing the carbon footprint of construction projects while maintaining strength and enhancing workability.
“Our investment in Fortera aligns with Saint-Gobain’s priority toward the decarbonization of industries and our commitment of working with startups that are moving the world forward with sustainable innovations,” said Basma Kharrat, Vice President, External Venturing, Saint-Gobain. “We look forward to fostering our relationship with Fortera as they continue to evolve cement technology aimed at reducing environmental impact while also reducing carbon emissions through manufacturing facility upgrades.”
Fortera’s recent achievements have earned national recognition, including being named the 2023 U.S. National Winner for Outstanding Projects by the Net-Zero Industries Awards. Additionally, ReAct has been honored as a Green Builder Media 2024 Sustainable Product of the Year.
About Fortera
Fortera is a pioneering materials technology company paving the way to zero CO2 cement. Drawing on more than ten years of real-world product demonstration and 100+ patents, Fortera is now operating its first ReCarb® Plant in Redding, California. The plant utilizes the ReCarb process, a groundbreaking method to manufacture low-carbon cement within the existing production infrastructure. This transformative bolt-on
technology seamlessly integrates with current cement facilities, leveraging the entire production framework, from machinery to feedstocks, to ensure a globally scalable solution for sustainable cement manufacturing. The resulting product, Fortera’s ReAct® green cement, is market-ready, meets regulatory standards, and can be blended with or used in place of traditional cement.
