The investment was the first from the Royal Society Enterprise fund, set up to invest in technology that has a scientific or economic benefit. Since launching the fund-raising activity in February 2008, the Royal Society has raised over £6.5m in gifts and pledges. The carbon negative cement – meaning it absorbs more CO2 over its lifetime than it emits – was developed by UK 
firm Novacem after research by the Civil and Environment Engineering Department at Imperial College London. Normal cement is responsible for five percent of global CO2 emissions. Over 2.5 billion tonnes are produced annually and this is set to double by 2050. Novacem believe every tonne of ordinary cement replaced by the carbon negative cement will save three quarters of a tonne of CO2. The £1 million investment was made by a group of companies including Imperial Innovations Group, the London Technology Fund and the Royal Society Enterprise Fund. Chief Executive of the Fund, Dr Andrew Mackintosh, said: “Novacem is exactly the type of company the Enterprise Fund was created to support. It is based on outstanding science, has enormous potential commercial opportunities but is nevertheless high-risk. “If we are serious about using the challenge of climate change to create new business in the UK then we have to invest in and encourage companies like Novacem and give them a realistic chance to deliver.” David McMeekin, Chairman of the London Technology Fund, said: “We are so pleased to have participated in this round of investment, having helped the founders of Novacem launch their company. We look forward to helping them commercialise a product that could transform the building industry and significantly reduce its carbon emssions.”
For further details visit as : http://www.clickgreen.org.uk/product/directory/12494-carbon-eating-cement-gets-major-investment.html
firm Novacem after research by the Civil and Environment Engineering Department at Imperial College London. Normal cement is responsible for five percent of global CO2 emissions. Over 2.5 billion tonnes are produced annually and this is set to double by 2050. Novacem believe every tonne of ordinary cement replaced by the carbon negative cement will save three quarters of a tonne of CO2. The £1 million investment was made by a group of companies including Imperial Innovations Group, the London Technology Fund and the Royal Society Enterprise Fund. Chief Executive of the Fund, Dr Andrew Mackintosh, said: “Novacem is exactly the type of company the Enterprise Fund was created to support. It is based on outstanding science, has enormous potential commercial opportunities but is nevertheless high-risk. “If we are serious about using the challenge of climate change to create new business in the UK then we have to invest in and encourage companies like Novacem and give them a realistic chance to deliver.” David McMeekin, Chairman of the London Technology Fund, said: “We are so pleased to have participated in this round of investment, having helped the founders of Novacem launch their company. We look forward to helping them commercialise a product that could transform the building industry and significantly reduce its carbon emssions.”For further details visit as : http://www.clickgreen.org.uk/product/directory/12494-carbon-eating-cement-gets-major-investment.html
