SRC Sigmaroc Plc

TIDMSRC

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 .

For further information, please contact:

 
 SigmaRoc plc                                Tel: +44 (0) 207 
  Max Vermorken (Chief Executive Officer)     002 1080 
  Garth Palmer (Chief Financial Officer) 
  Tom Jenkins (Head of Investor Relations) 
 
                                              ir@sigmaroc.com 
 Liberum Capital (Co-Broker)                 Tel: +44 (0) 203 
  Nick How / Jamie Richards / Ben Cryer       100 2000 
 Peel Hunt (Co-Broker)                       Tel: +44 (0) 20 7418 
  Mike Bell / Ed Allsopp                      8900 
 

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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July 03, 2023 02:00 ET (06:00 GMT)

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