Solidia Technologies recently signed an exclusive licensing agreement with Rutgers University to complete its acquisition of a patented technology that eliminates roughly 70% of all carbon dioxide emissions in concrete and cement products.
The agreement, which comprises the rights to more than 50 U.S. and foreign patents and their corresponding applications, aims to present a sustainable and economical concrete alternative to the construction industry. The technology is the first commercially viable effort since scientists first began trying to cure concrete with CO2 50 years ago, according to the company.
“Together, these patents teach a unique method that enables companies to lower their environmental footprint by operating at far lower temperatures than the conventional method and providing a new means for carbon sequestration,” said Richard Riman, Rutgers professor and Solidia founder and chief scientist. Riman co-invented the technologies with Vahit Atakan, Solidia’s R&D director and former Rutgers graduate student and research associate.
Solidia's scientific process, which facilitates the use of carbon dioxide in the production of building materials, was honored with a 2013 R&D 100 Award.
Kleiner Perkins Caufield & Byers, Bright Capital, BASF and BP all contributed financing to Solidia.