PHNX Materials
Transforming landfilled coal ash into sustainable products, reducing CO2 emissions and addressing global cement shortages.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $2.5m | Seed | |
| Total Funding | 000k | ||
PHNX Materials specializes in converting landfilled coal ash into sustainable products, addressing the significant environmental challenge posed by coal ash waste, which is four times that of plastic waste. The company operates in the sustainable materials market, focusing on producing green supplementary cementitious materials (SCM), titanium, aluminum, and rare earth elements. By refining the 2.5 billion tons of U.S. landfilled coal ash, PHNX Materials not only creates valuable end products but also contributes to reducing CO2 emissions associated with cement production. As coal ash production declines, the demand for cement increases, leading to higher costs and emissions. PHNX Materials' business model revolves around transforming waste into value, thereby mitigating the anticipated global shortage of coal ash and its environmental impact. The company serves industries reliant on sustainable construction materials and aims to redefine sustainability through cutting-edge chemistry. PHNX Materials generates revenue by selling these refined materials to clients in the construction and manufacturing sectors.
Keywords: coal ash, sustainable products, SCM, titanium, aluminum, rare earth elements, CO2 reduction, cement shortage, waste transformation, sustainable construction.