MATERRUP has raised €26 million to expand its circular and low-carbon cement production technology across France and Europe.

Information on the Target

MATERRUP has successfully raised €26 million ($29 million) in funding from prominent investors, including Eurazeo and the EIC Fund, with participation from historical investors such as UI Investissement, Aquiti, IRDI, and Argiduna Capital. This funding will expedite the deployment of large-scale circular and low-carbon cement plants across France and Europe.

In line with the industry's decarbonization efforts, MATERRUP aims to introduce its patented CCC© technology, which utilizes non-calcined clay to produce its low-carbon circular cement. This capital raise will facilitate the expansion of its production units on both a national and continental scale.

Industry Overview in France

The European cement market, valued at approximately 130 million tons in 2022, is facing significant pressure to decrease carbon emissions and adopt sustainable practices. The cons