other material
confidence high
sentiment positive
materiality 0.60
Eagle Materials secures exclusive rights with Terra CO2 to produce low-carbon SCM in three regions
EAGLE MATERIALS INC
- Eagle Materials entered exclusive agreements with Terra CO2 to build and operate plants producing low-carbon supplementary cementitious material (SCM) in three geographic areas.
- Each fully scaled plant could produce approximately 240,000 tons per year of SCM.
- First plant targeted for Greater Denver area to support Colorado's Buy Clean Colorado Act effective January 1, 2024.
- CEO Michael Haack says agreement addresses declining fly ash supply and supports low-carbon goals.