Dutch circular concrete maker SL Materials draws $112 million from Aviva Investors and ABN AMRO
The company recovers sand, gravel and cement from demolished buildings to make new concrete that it says matches conventional quality.
SL Materials, a Dutch company that turns demolished concrete into raw materials for new concrete, has received a 100 million euro ($112 million) investment from Aviva Investors and Dutch bank ABN AMRO to scale up production.
Founded in 2019 and formerly known as Urban Mine, the company recovers sand, gravel and cement from demolition waste and refines them into recycled materials designed to match the quality of newly quarried ones. It says the resulting concrete meets conventional strength, durability and certification standards with far lower embodied carbon.
Cement, the binding ingredient in concrete, accounts for about 8% of global carbon dioxide emissions.
The money, invested through Aviva Investors' Climate Transition European Infrastructure Fund and ABN AMRO's Sustainable Impact Fund, will expand the company's plant in Zaandam, add new sites and fund further technology development. Kingsley Capital also contributed its British circular-concrete business, Koreco, which becomes a subsidiary.
"We have demonstrated that concrete recovered from demolition can be transformed at industrial scale into high-quality materials for new concrete, without compromising quality or technical performance," said James Cousins, the company's newly appointed chief executive.
This brief is based on reporting by Kenny Fisher, published Oct. 7, 2026, in ESG Today. Read the original: https://www.esgtoday.com/aviva-investors-abn-amro-invest-e100-million-in-circular-concrete-platform-sl-materials/
This article was produced with the assistance of AI tools and reviewed by an editor before publication.
