Vateris, a technology company converting industrial CO2 emissions into engineered Calcium Carbonate for the cement industry and Sulphate of Potash (SOP), has announced binding multi-year offtake agreements and Letters of Intent (LOIs) with six international partners, together valued at over €50 million in annual turnover.

In fertilisers, Waypoint and two additional global fertiliser majors, all established international producers and distributors of specialty minerals and agricultural nutrients, have committed to an offtake of Vateris’ SOP product.

In construction materials, Holcim, Marshalls and Goldbeck, three established producers in cement, concrete products and building materials, have committed to Vateris’ carbon-negative Calcium Carbonate (marketed as GypCarb®).

Commenting on the deals, Jeremie Rombaut, Chief Commercial Officer, Vateris, said: “For six partners across two very different industries to commit to Vateris, from construction to fertilisers, is strong market validation of both the high performance and low-carbon credentials of our products. Holcim, Marshalls and Goldbeck see GypCarb® as a genuine, drop-in, lower-carbon alternative in concrete, while Waypoint and two other global fertiliser majors see the value in the high purity, low chlorine value proposition in Sulphate of Potash. That is exactly the specialty, high-performance, low-carbon positioning we set out to build.”

Vateris is currently operating a pilot plant in Nottingham, UK, and is looking to construct and begin production in a larger scale ‘demo’ plant in 2027. The demo plant will produce several hundred tonnes per year of high purity soluble SOP for commercial ‘test market’ sales with selected partners. Full story here. “The binding offtake component covers volumes from Vateris’ Demonstration Plant, planned in the UK, which is designed to de-risk engineering at scale, enable the start of commercial sales, and give each partner early, qualified access to GypCarb® and SOP as Vateris validates production,” said the company statement.

The company said that its progress towards these agreements builds on a $3.5 million funding round earlier this year with existing investors Zacua Ventures, Counteract and Goldbeck doubling down, and participation from Holcim MAQER Ventures and Kiilto Ventures, taking total funding to date to $10 million.

“We backed Vateris because we saw a clear path from validated technology to industrial-scale deployment. These agreements, including one from our co-investor Holcim, confirm the market’s need for Vateris’ platform and expertise,” said Juan Nieto, Founding Partner, Zacua Ventures.

For more on Waypoint, read the interview here with New AG International.