RCS - SigmaRoc PLC - Material Evolution Partnership

SigmarocAnnouncement

03/07/2023 07:00

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RNS Number : 6530E  SigmaRoc PLC  03 July 2023

03 July 2023

 

(EPIC: SRC / Market: AIM / Sector: Construction Materials)

 

SIGMAROC PLC

 ('SigmaRoc', the 'Group' or the 'Company')

 

SigmaRoc and Material Evolution join forces to develop

new range of low carbon concrete products

 

SigmaRoc plc, the specialist quarried materials group, today announces that it
has entered a strategic partnership with Material Evolution ('Mevo'), an
advanced materials company producing low carbon cement from industrial waste
streams, to develop a range of low carbon concrete products.

Mevo has developed a process that produces an emission-free substitute for
ready-mix and precast concrete. With the cement industry currently accounting
for 8% of global CO(2) emissions, there is growing demand for reducing its
carbon footprint. This innovative manufacturing process effectively addresses
the problem of high CO(2) emissions from conventional cement production by
producing cement at ambient temperatures using various waste materials and
feedstocks, thereby eliminating the reliance on fossil fuels.

Trials for product development have commenced at CCP, SigmaRoc's precast
concrete manufacturer.

Fons Vermorken, CIO of SigmaRoc, commented:

"Our partnership with Mevo marks a significant step towards an emissions-free
solution for ready-mix and precast concrete. Through our trials at CCP, we are
confident that these innovative products will not only meet market demand but
also pave the way to transforming the cement industry and driving sustainable
innovation."

 

Information on the Company is available on its website, www.sigmaroc.com
(http://www.sigmaroc.com) .

 

For further information, please contact:

 

 SigmaRoc plc                               Tel: +44 (0) 207 002 1080

 Max Vermorken (Chief Executive Officer)

 Garth Palmer (Chief Financial Officer)     ir@sigmaroc.com (mailto:ir@sigmaroc.com)

 Tom Jenkins (Head of Investor Relations)

 Liberum Capital (Co-Broker)                Tel: +44 (0) 203 100 2000

 Nick How / Jamie Richards / Ben Cryer

 Peel Hunt (Co-Broker)                      Tel: +44 (0) 20 7418 8900

 Mike Bell / Ed Allsopp

 

About SigmaRoc plc

SigmaRoc PLC is an AIM-listed buy-and-build group targeting construction
materials assets in the UK and Northern Europe. It seeks to create value by
purchasing assets in fragmented construction materials markets and extracting
efficiencies through active management and by forming the assets into larger
groups. It seeks to derisk its investments via strong asset backing at its
projects.

About Material Evolution

Material Evolution uses proprietary technology to produce decarbonized cement,
with the goal to eradicate the 8% CO2 emissions produced by the cement
industry globally. Mevo doesn't believe there will be one material to save the
world, instead that a localised approach to materials will need to be taken.
Mevo replaces the kiln in traditional cement production with an Alkali Fusion
process that manufactures cement at ambient temperatures, resulting in a
cement that is economical, lower carbon and is produced with less energy. This
process is low capex and fits into the industry's existing infrastructure.

 

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