According to a report in the Wall Street Journal, W.R. Grace has decided to sever ties with a Virginia-based manufacturer that turns waste from power plants into cement. W.R. Grace has requested that a bankruptcy judge approve its sale of share in CeraTech, Inc. (CTI). The transaction would return $4.75 million to W.R. Grace.
Under the terms of the agreement, W.R. Grace had the right to distribute CeraTech’s cement products through existing sales channels for its own cement-related business.
Just a two weeks ago, Alpha Natural Resources invested in CTI. CTI manufactures a revolutionary “green cement” that utilizes 95 percent waste fly ash from electric utilities, dramatically reducing their landfill requirements while generating zero carbon dioxide emissions from the cement production process.
CTI’s technology allows for beneficial repurposing of fly ash, a by-product of coal combustion, dramatically reducing the volume of ash that is being land filled. About three of every five tons of ash produced—approximately 42 million tons a year—end up in a landfill. A ton of CTI “green cement” diverts approximately 1,800 pounds of landfill waste. An additional benefit of CTI’s unique technology is that its cement production process generates no carbon dioxide emissions furthering its attractiveness.
CTI’s cement is a one-to-one replacement for portland cement, with outstanding strength and durability characteristics. With no other cement on the market composed of more than 90 percent fly ash, CTI’s green cement technology sets a new standard in meeting green construction guidelines, particularly the U.S. Green Building Council’s LEED certification requirements.