The latest Building Materials report by respected
equities research business BNP Paribas Exane, has named O.C.O Technology as a
leader in the world concrete tech market.
The introduction to the January 2022 report begins:
“Imagine if you could take carbon, transform it into rocks and store it
permanently in building materials. You can. Welcome to concrete tech, an
innovation that could flip the (concrete production) value chain on its head by
BNP Paribas Exane explores the science behind the
latest low carbon technologies, charting the path to industrial scale
commercial deployment and in their words – “sorting the disruptors from
O.C.O Technology is identified as the most mature of
the ten global concrete tech companies examined, underlined by the fact that it
already controls 45% of the UK Air Pollution Control Residue (APCr) market and
has treated over a million tonnes of this waste since inception. O.C.O has
three UK facilities that can process 170,000 tonnes per year, with active
expansion plans to increase processing capacity to 400,000 tonnes by 2024.
The BNP Paribas Exane report lists a number of factors
that make O.C.O a commercially strong business. These include:
- A wide range of potential feedstock materials,
established supply chains and strong relationships with both waste producers
and building material manufacturers.
- The aggregate product is compliant with building
regulations and potentially suitable for mass market use, for example in ready
- The business also exhibits strong environmental
credentials – implementing the circular economy, minimising waste, avoiding
quarrying of virgin aggregate – as well as the crucial carbon capture component
and production of the world’s first carbon negative aggregate.
BNP Paribas Exane believes that concrete tech can play
a big role in fighting climate change as well as disrupting the established
dynamics of the concrete industry. It has the potential to transform readymix
into a green growth product; turn CO2 from a cost into a new revenue
stream in cement; and disrupt the aggregates industry. They recognise the
technology faces constraints, but the long-term implications for the entire
industry are “profound”.
Concrete tech could theoretically cut the industry’s embodied
carbon footprint by up to three billion tonnes of CO2 a year. Most
of the carbon saving comes from CO2 stored in materials,
particularly aggregates. In the report, BNP Paribas Exane calculates that
using O.C.O aggregate to replace virgin aggregate would produce a carbon
negative concrete – transforming the carbon footprint from a typical value of
+385kg CO2 per cubic metre to -125kg CO2.
O.C.O’s Accelerated Carbonation Technology (ACT)
process uses carbon dioxide gas as a resource to treat and valorise a wide
range of wastes, including Air Pollution Control residues (APCr) from the Energy from Waste sector, turning it into carbon negative
aggregate – also known as manufactured limestone (M-LS).
Stephen Roscoe, Technical Director at O.C.O Technology,
said: “This report, by an independent world-leading research company, is
a major endorsement of both O.C.O’s technology and the brand itself. The fact
that the report talks about ‘profound’ implications for concrete production is
a huge marker for the sector to sit up and take notice of the changes that are
coming. We believe we can be – and indeed already are – at the forefront of
this new technology and look forward to seeing major change on the building
BNP Paribas Exane is not the only organisation to have
noticed innovators such as O.C.O. They recognise there is a growing number of
influential investors, including Mitsubishi Corporation, with whom O.C.O is
already collaborating on projects around the world. The potential scale for
concrete tech is enormous, with opportunities for the capture of significant
quantities of carbon. O.C.O is pleased to have collaborated with BNP Paribas
Exane and welcomes the findings of the report.
BNP Paribas Exane is a research company that is operationally
independent of BNP Paribas. The report is solely for the private
information of recipients.