CarbonMeta Technologies has filed a patent application for a verifiable process that transparently documents and tracks sequestered carbon dioxide (CO2) in concrete as carbon credits on a blockchain.
The company applied for a patent at the United States Patent and Trademark Office (USPTO). CarbonMeta Technologies is a green technology research and product development company with operations in the United States and Saudi Arabia.
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The Patent Provides State-of-the-Art Techniques
The patent aims to reduce the construction industry’s carbon footprint by utilizing a system that combines state-of-the-art carbon sequestrant techniques with advanced blockchain technology. The process and software technology will help CarbonMeta and its customers accurately document and track the CO2 permanently captured in their cement-less concrete products. The captured CO2 will be represented as carbon credits and securely stored as elements on a blockchain, thereby ensuring transparency and immutability of the data.
CarbonMeta Technologies Files Provisional #Patent for Tracking Captured CO2 in Concrete Using #Blockchain Technology$COWI #carboncapture https://t.co/LDB1NWDddy pic.twitter.com/5zz2bzyz8c
— CarbonMeta Technologies (OTC PINK:COWI) (@carbonmeta) May 28, 2024
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Mohammed Abdulaziz Khalil, Managing Director of CarbonMeta Technologies, based in the UK, is also a founding member of the Carbon Conversion group, which recycles landfilled designated plastic waste into graphite, graphene, and hydrogen. He, Martyn Newby, and Loyd Spencer authored the patent application.
“This provisional patent represents a pivotal step in our mission to create and deploy transformative solutions for a greener tomorrow,” said Lloyd Spencer, President and CEO of CarbonMeta Technologies.
“Our pioneering approach tackles the pressing issue of reducing greenhouse gas emissions head-on and offers investors an opportunity to make a significant impact in the fight against climate change.”
CarbonMeta Technologies Pilot in Saudi Arabia
In February of 2024, CarbonMeta Technologies Inc. won a $220,000 sole source contract with Saudi Investment Recycling Company (SIRC) to develop and commercialize a carbon-negative concrete made from industrial, construction demolition waste and mining waste, and thereby provide sustainable, eco-friendly products for strategic construction projects in the Kingdom of Saudi Arabia (KSA).
At the time, Mohammed Khalil stated,
“This joint pilot project with SIRC is the first step for commercializing the production of carbon-negative pavers, street furniture, and bricks in Saudi Arabia, which will be targeted towards Saudi current and future mega projects. We look forward to completing this pilot project and working further with SIRC toward scaling up the production and sale of carbon-negative concrete products and realizing the goal of a circular, sustainable economy in line with Saudi Vision 2030.”
CarbonMeta launched its pilot plant in March 2024 and expects to trial carbon-negative bricks, street furniture, and road barriers made from the carbon-negative concrete mix.
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In addition, CarbonMeta and SIRC signed a Research & Development (R&D) and Commercial Collaboration Agreement in September 2023. CarbonMeta plans to partner with key construction, industrial, and mining waste materials suppliers, a Riyadh-based factory to manufacture bricks from the carbon-negative concrete mix and a concrete furniture manufacturer to produce at least four different street furniture models using the carbon-negative concrete mix.
CarbonMeta Technologies’ subsidiary company in Saudi Arabia, registered in 2023, has developed a carbon-negative proprietary concrete that captures up to 10% CO2 by weight during production.
GCC and MENA Focus on Carbon Credit Growth
The Middle East and GCC region is witnessing increased interest and focus on alleviating the effects of carbon emissions. For example, UAE-based Fils, an enterprise-grade digital infrastructure provider enabling companies to embed sustainability and climate action into their business models, is leveraging the Blockchain Sui platform to track carbon credits. The collaboration will leverage blockchain technology to serve use cases in line with the ESG goals that modern businesses are seeking.
Prior to that UK-based BeZero Carbon partnered with UAE Blockchain security token platform for carbon credits ACX (formerly known as AirCarbon Exchange) to host its carbon credit ratings on ACX’s Abu Dhabi exchange. The partnership aimed to bring transparent carbon ratings to a new audience in the Gulf States. The ACX Abu Dhabi exchange is the world’s first fully regulated carbon trading exchange built on blockchain.
Cryptopolitan reporting by Lara Abdul Malak
