Fortera and Sumitomo Corporation Join Forces to Bring Low-Carbon Cement Technology to Asia
17-Dec-24, Business Wire
With the Asian market accounting for 73% of global cement output, green cement manufacturer Fortera is partnering with multinational Sumitomo Corporation to position the market for widespread adoption of Fortera’s carbon-reducing ReCarb® technology.
The two companies have agreed to a memorandum of understanding to focus on deploying Fortera’s bolt-on low-to-zero-carbon cement plants with some of Asia’s largest cement manufacturers. The Japanese market will be the partnership's initial focus, with multiple sites of interest identified.
In addition to the MOU, Sumitomo Corporation’s venture capital arm, Presidio Ventures, participated in Fortera’s Series C fundraise earlier this year.