JLL Foundation invests in Calcarea for CO2 conversion technology

The JLL Foundation has announced an investment in Calcarea, a company focused on converting CO₂ from cement kilns into stable oceanic bicarbonate using seawater and limestone. This investment is part of the Foundation's 2025 cohort, signaling a strategic commitment to supporting innovative climate technologies aimed at decarbonizing hard-to-abate industrial sectors. While the specific investment value remains undisclosed, the involvement of the JLL Foundation underscores a growing interest in nascent yet promising solutions within the carbon conversion and removal space. Calcarea's technology, which leverages natural resources for permanent CO₂ sequestration, represents a novel approach to addressing industrial emissions, particularly from cement production—a significant contributor to global CO₂. This deal highlights the strategic importance placed on developing scalable and effective methods for carbon capture and utilization.