Holcim Invests in Carbon Capture Firm Capsol to Advance Near-Zero Cement Strategy

Global cement and building materials producer Holcim has announced a strategic investment in Capsol Technologies, a publicly listed Norwegian company specialising in carbon capture solutions. The move forms part of Holcim’s broader push to scale near-zero cement production and accelerate industrial decarbonisation.

Holcim said the investment will strengthen its portfolio of decarbonisation technologies while supporting long-term, profitable growth. The company views carbon capture as a critical lever for reducing emissions in cement manufacturing, one of the most carbon-intensive industrial processes globally.

Founded in 2014, Capsol has developed a post-combustion carbon capture and heat recovery system based on hot potassium carbonate (HPC) solvent technology. The solution is designed to remove CO₂ from industrial flue gases and is positioned as a widely applicable option for post-combustion carbon capture across heavy industries.

 

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Wendy Lam, CEO of Capsol, said the partnership aligns closely with Holcim’s ambitions to deliver near-zero cement at scale. She highlighted that Capsol aims to play a role in enabling cement producers to cut emissions while maintaining operational efficiency and safety.

Cement production accounts for roughly 8 percent of global carbon dioxide emissions, emitting more than 900 kilograms of CO₂ for every 1,000 kilograms of cement produced. As a result, the sector is often described as one of the hardest to decarbonise.

Holcim has already set out significant climate commitments. In 2023, the company pledged to invest CHF 2 billion (around USD 2.2 billion) in carbon capture technologies by 2030, with a goal of capturing more than 5 million tonnes of CO₂ annually. It has also committed to reducing Scope 1 emissions per tonne of cementitious material by over 22 percent by 2030.

 

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Ram Muthu, Holcim’s Head of Operational Excellence, said that combining Holcim’s cement manufacturing expertise with Capsol’s carbon capture technology creates an additional pathway to reduce emissions while meeting rising customer demand for low-carbon building materials. The investment, he noted, brings Holcim closer to producing near-zero cement at industrial scale.