TOP NEWS

Arqlite Lands Investment From CEMEX Ventures

Santa Ana-based Arqlite SPC, a company which has developed a way to processes unrecyclable plastic waste into artificial gravel, has received an investment from CEMEX Ventures, the corporate venturing arm of the building materials giant. Size of the investment were not announced. According to CEMEX Ventures and Arqlite, Arqlite's artificial gravel avoids the use of natural quarry aggregates and boulders in the production of light concrete with a low CO2 footprint, and installs drainage beds for construction and landscaping. The two said they have recently installed the second version of its technology at a new factory in Santa Ana. The company is led by CEO and founder Sebastian Sajoux.