Takeaways

• Holcim has invested in Norway-based Capsol Technologies to strengthen its carbon capture capabilities and support its near-zero cement strategy.
• The move aligns with Holcim’s commitment to invest CHF2 billion in carbon capture technologies by 2030.
• The partnership aims to accelerate decarbonization in one of the world’s hardest-to-abate industrial sectors: Cement.

Global cement and building materials producer Holcim has announced an investment in Capsol Technologies, a publicly listed Norwegian company specializing in carbon capture solutions. The move is part of Holcim’s broader strategy to scale near-zero cement production while supporting long-term, profitable growth.

The investment is expected to expand Holcim’s portfolio of decarbonization technologies, particularly in carbon capture and storage (CCS), which is increasingly seen as critical for reducing emissions from cement manufacturing. Cement production is responsible for around 8% of global carbon dioxide emissions, making it one of the most carbon-intensive and difficult industries to decarbonize.

Founded in 2014, Capsol Technologies has developed a post-combustion carbon capture and heat recovery system that uses hot potassium carbonate (HPC) solvent technology. The solution is designed to remove CO2 from industrial gas streams and can be applied across a wide range of post-combustion processes. According to the company, the technology is safe, energy-efficient, and well-suited for large-scale industrial use.

Read More: Carbon Capture Market Forecast: Policy Shifts Fuel Global Growth

Wendy Lam, CEO of Capsol, said Holcim’s investment reflects a shared ambition to scale climate solutions in heavy industry.“Holcim is a leading provider of sustainable construction solutions and one of the largest cement producers in the world. They have bold ambitions of producing near-zero cement at scale for customers. Capsol wants to be part of realizing this ambition,” she said.

Holcim has been steadily increasing its focus on carbon capture as a core pillar of its climate strategy. In 2023, the company pledged to invest CHF2 billion (approximately USD 2.2 billion) in carbon capture technologies by 2030. As part of the same commitment, Holcim aims to capture more than 5 million tonnes of CO2 annually and reduce its Scope 1 emissions per tonne of cementitious material by over 22% by the end of the decade.

Ram Muthu, Head of Operational Excellence at Holcim, highlighted the strategic value of partnering with Capsol.“By combining Holcim’s expertise in cement manufacturing and on-site carbon capture with Capsol’s safe and efficient technology, we gain an additional pathway to advance decarbonization while supporting profitable growth,” he said. “This strategic investment brings us closer to producing near-zero cement at scale to meet growing customer demand.”

Also Read: From Boom to Caution: Carbon Capture’s Shifting Fortunes

The announcement comes as regulators, investors, and customers increasingly push cement producers to demonstrate credible pathways to net-zero. With demand for low-carbon construction materials rising globally, Holcim’s investment in Capsol signals a continued shift toward industrial-scale climate technologies that can deliver both emissions reductions and commercial returns.

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Source: ESGtoday