NSBI payroll rebate announced

CarbonCure Technologies Expansion Creates New Jobs

- The expansion of an award-winning clean technology company will create dozens of new highly skilled jobs in Nova Scotia.

CarbonCure Technologies, based in Halifax, is growing its workforce by 24 jobs to expand its innovative and green concrete-curing process into new markets. The estimated average salary, in a range of positions, will be $60,000 including benefits.

“The province remains committed to helping companies like CarbonCure as they pursue new markets,” said Percy Paris, Minister of Economic and Rural Development and Tourism. “Innovation and entrepreneurship is an essential part of growing our economy.”

CarbonCure developed a process for curing concrete that uses waste carbon dioxide in the production process to make better and stronger concrete. Carbon dioxide is a greenhouse gas widely credited as being the largest contributor to climate change.

CarbonCure plans to fill a range of positions including engineering, research, sales and marketing. The 24 new people working at CarbonCure will earn almost $4.8 million dollars, including benefits, over five-years, money that can go into growing the province’s economy.

The job creation over the five-year period would generate an estimated $660,000 in direct tax revenue for the province. In return for creating and maintaining these jobs, CarbonCure will earn up to $336,000 over five years from an incentive from the province, through Nova Scotia Business Inc. (NSBI). Overall, the province will earn almost $324,000 through its investment.

“Nova Scotia has been a great place to grow our business, and we continue to appreciate all of NSBI’s and the province’s support,” says Robert Niven, CarbonCure’s CEO and founder. “This will help us expand into international markets where demand for green building products is enormous.”

With the cement industry being the second largest industrial greenhouse gas emitter, next to power generation, CarbonCure’s technology is being adopted across North America by leading concrete producers to meet green construction demand.

“CarbonCure is gaining national and international attention for its innovative technology and is becoming a leader in this sector,” said Stephen Lund, NSBI president and CEO. “Our work with CarbonCure demonstrates how NSBI and the province can help the company strengthen its client base in global markets.”

CarbonCure’s technology has captured the attention of international green building leaders, including B+H Architects, the firm which is the lead consultant of the Planning, Design and Compliance team for many of the Toronto 2015 Pan Am and Parapan Am Games’ construction projects.

“We at B+H Architects are so impressed with the environmental sustainability of CarbonCure’s technology that we have decided to exclusively specify CarbonCure concrete products on all new projects by incorporating it in our master specification,” said Matthew Roberts, director of specifications for B+H Architects.

Recently, BuildingGreen.com announced that CarbonCure’s CO2-absorbed concrete masonry unit (CMU) won its widely recognized ”Top 10 Building Products” 2013 award. CarbonCure was also recently named one of the top 10 emerging Canadian cleantech companies by Corporate Knights Magazine. The annual Corporate Knights report highlights the 10 most promising cleantech companies publicly traded on a Canadian exchange, and the 10 most promising cleantech start-ups.

About CarbonCure Technologies

Halifax, Nova Scotia-based CarbonCure Technologies Inc. is a materials science innovator deploying carbon dioxide (CO2) sequestration solutions to concrete products manufacturers. Concrete is the second most widely used material globally and is responsible for ~5% of total greenhouse gas emissions. The Company’s proprietary technology is an intuitive, elegant method of repurposing waste CO2 to strengthen concrete, accelerate curing, and make concrete less carbon-intensive. End concrete products range from sustainable blocks to pavers and segmented retaining walls. CarbonCure is commercializing its concrete products technology with market leaders in California (Basalite Concrete Products), Ontario (Atlas Block) and Nova Scotia (Shaw Group). These manufacturers offer architects attractive and affordable design options with “simply better concrete” for green building masonry projects. Find out more at www.carboncure.com .

About NSBI

NSBI is the province’s private-sector-led business development agency. Through trade development, investment attraction, business financing and venture capital, NSBI assists local companies and attracts international companies to Nova Scotia. For more information, visit www.nsbi.ca.

Media Contacts:

Cindy Roberts, Nova Scotia Business Inc., 902-222-3658, E-mail: croberts@nsbi.ca

Jennifer Wagner, CarbonCure Technologies, 902-442-4020, E-mail: jwagner@carboncure.com

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