CarbonMeta, a company with operations in the US and Saudi Arabia, has recently made headlines with its patent application for a groundbreaking process.
This application introduces a revolutionary process that transparently tracks sequestered carbon dioxide (CO2) in concrete, transforming it into tradable carbon credits stored securely on a blockchain.
Patent to Reduce Construction Industry’s Carbon Footprint
CarbonMeta Technologies Inc., a company operating in both the United States and Saudi Arabia, has filed a patent application with the United States Patent and Trademark Office (USPTO). This patent addresses the construction industry’s carbon footprint by implementing advanced carbon sequestration techniques combined with blockchain technology.
The innovative process is designed to help CarbonMeta and its customers accurately document and track CO2 permanently captured in their cement-less concrete products. This captured CO2 will be represented as carbon credits and securely stored on a blockchain, ensuring transparency and immutability.
Collaboration with Saudi Investment Recycling Company
In February 2024, CarbonMeta Technologies secured a $220,000 sole source contract with the Saudi Investment Recycling Company (SIRC). This contract focuses on developing and commercializing carbon-negative concrete made from industrial, construction demolition waste, and mining waste. The project aims to provide sustainable, eco-friendly products for strategic construction projects in the Kingdom of Saudi Arabia (KSA).
Mohammed Abdulaziz Khalil, Managing Director of CarbonMeta Technologies and a founding member of the Carbon Conversion group emphasized the significance of this project. “This joint pilot project with SIRC is the first step towards commercializing the production of carbon-negative pavers, street furniture, and bricks in Saudi Arabia. These efforts align with Saudi Vision 2030’s goal of achieving a circular, sustainable economy.”
Pilot Project and R&D Agreement
CarbonMeta launched its pilot plant in March 2024, expecting to trial carbon-negative bricks, street furniture, and road barriers made from the carbon-negative concrete mix. In addition to the pilot project, CarbonMeta and SIRC signed a Research & Development (R&D) and Commercial Collaboration Agreement in September 2023. This agreement aims to scale up the production and sale of carbon-negative concrete products.
CarbonMeta Technologies’ subsidiary in Saudi Arabia, established in 2023, has developed proprietary concrete that captures up to 10% CO2 by weight during production. This innovation reduces greenhouse gas emissions and supports the creation of sustainable construction materials.
GCC and MENA Focus on Carbon Credit Growth
The Middle East and GCC region is increasingly focusing on reducing carbon emissions. For instance, UAE-based Fils is leveraging the Blockchain Sui platform to track carbon credits, aligning with ESG goals. Similarly, UK-based BeZero Carbon has partnered with UAE’s ACX (formerly known as AirCarbon Exchange) to host its carbon credit ratings on ACX’s Abu Dhabi exchange, the world’s first fully regulated carbon trading exchange built on blockchain.
Lloyd Spencer, President and CEO of CarbonMeta Technologies, highlighted the significance of the patent application.
“This provisional patent represents a pivotal step in our mission to create and deploy transformative solutions for a greener tomorrow. Our pioneering approach addresses the pressing issue of reducing greenhouse gas emissions and offers investors an opportunity to impact the fight against climate change significantly.”
CarbonMeta Technologies’ efforts, along with collaborations and innovative technologies, reflect a broader commitment to environmental sustainability and carbon credit growth in the GCC and MENA regions.