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Materrup raises €26 million to deploy ten low-carbon cement plants

La Tribune - Objectif Aquitaine | 20/06/2024 | The company, which has been awarded the EIC Accelerator and French Tech 2030 labels, offers an innovative binder, a multi-patented formula, allowing produce cement based on clay and not limestone, thus generating half the CO2 of conventional cement, but with a high performance and identical uses.

date:  21/06/2024

Time is running out to mitigate the effects of change climatic. And so it is also for Materrup, because contributing to Greening the construction sector, which is particularly emitting gas greenhouse gas plant, is the objective of this startup founded in 2018 by twin brothers Charles and Mathieu Neuville. While their factory came out of the ground in September 2022 in Saint-Geours-de-Maremne (Landes), the founding duo, since joined by Manuel Mercé and Julie Neuville announced, this Thursday, June 20, that they had found fuel to give a new boost. Read alsoAbout a saturated market, Colas relies on asphalt that is permeable to rainwater

Materrup unveils a fundraising of 26 million euros with the leading French fund Eurazeo and the no less European Innovation Council Fund EIC Fund, with the participation of historical investors such as UI Aquiti, IRDI and Argiduna Capital. "These new will enable Materrup to expand its multi-patented technology platform internationally and accelerate its industrial deployment in European countries, by partnership with cement, concrete and construction," explains the company, which also announces the appointment of Julie Neuville as president "with the aim of performance and gender parity". Her husband Matthieu remains managing director, his brother Charles, financial manager, and Manuel Mercé is responsible for development. 10,000 m3 already manufactured "At Materrup, our ambition is explicit: to do better with less, by significantly and immediately reducing the carbon footprint of the cement," says Mathieu Neuville. The company, which has been awarded the EIC accelerator and French Tech 2030 labels, offers an innovative binder, a multi-patented formula, allowing produce cement based on clay and not limestone, thus generating half the CO2 of conventional cement, but with a high performance and identical uses. And at an already affordable price, equivalent to that of the classic cement, clay, which gives cement its typical complexion Materrup, being an abundant and easily exploitable resource. "The entry of Eurazeo and EIC Fund into our capital allows us to accelerate our commitment to the planet by deploying in Europe, without delay, a model of production units based on virtuous circular economy loops," adds Julie Neuville, Public Sector and Innovation Specialist. Matterup has signed Partnerships with leading construction players including Vinci, Vicat and Bouygues Immobilier and has already created more than 10,000 m3 of low-carbon concrete for building foundations or More slabs of squares, alleys and cycle paths. The potential is immense, because the size of the European cement was estimated at 130 million tons in 2022. Read alsoVinci Construction wants to accelerate the massification of low-carbon concrete

Materrup expects to build the first ten factories, without specify on what horizon, in France as well as in Europe. "The will be built quickly. They can be installed in the space of a year, which is very fast in the industrial world, and are modular, thus being able to adapt to the configurations of our partners, because this development will be done by co-investing with the already in place. Together we go further to planet and people," adds the new president. Materrup a need for funds but also for hands: ten positions are open to his headquarters in the Landes, where the team currently has about twenty members, and others will soon be established, elsewhere in France and in Europe. Europe. Global deployment European development will not be without doubt that a first step. Because Materrrup intends to develop elsewhere, as did its new shareholders. "We are proud to partner with Materrup in the implementation of a solid platform in order to deploy its unique, competitive and certified technology. We are convinced that this fundraising will allow Materrup to become a driving force decarbonisation in the cement industry in Europe, which emits a lot of CO2 and other greenhouse gases," explains Eurazeo, which is also a shareholder in Deezer (streaming platform), BackMarket (second-hand phones), Swile (payment) or Accor (hotels) and Foncia (real estate), which invests via its Smart City. Endowed with 400 million euros, entrusted by funds European and European development institutions and as well as eighteen large companies (EDF, TotalEnergies, Stellantis, Hager Group (electrical products), RATP, etc.), this fund supports companies in "key sectors of the low economy" such as energy, mobility, logistics, buildings and industrial technologies" in Europe, but also in Asia, Israel and North America. Read alsoHousing: Holcim and Seqens launch the world's first concrete construction in Gennevilliers 100% recycled.