Eco Material Technologies

Day-to-day operations are managed by CEO Grant Quasha, who previously led Boral Resources. Strategic decisions are overseen by a board representing equity sponsors including Monarch Alternative Capital (per public record).

The firm processes fly ash and other industrial byproducts into supplementary cementitious materials (SCMs) that replace up to 40% of Portland cement in concrete. This reduces the carbon footprint of concrete production (per industry lifecycle analyses).

Eco Material has long-term supply agreements with coal-fired power plants to collect fly ash, plus it harvests ash from legacy impoundments. The firm also produces geopolymer-based binders from non-ash sources (per the firm).

It is an operating company owned by investment firms including Monarch Alternative Capital. It does not operate as a family office or traditional asset manager but rather as a vertically integrated industrial business.

The firm's plants and terminals are concentrated in the US—primarily in the Midwest, Southeast, and Intermountain West—serving concrete producers across the country (per the firm's website).

Competitors include Solidia Technologies (synthetic cement), Heliogen (concentrated solar for cement), and LCM (limestone calcined clay cement). Eco Material's competitive advantage is its control of fly ash supply, a byproduct already abundant (per industry analysis).

Eco Material was formed in 2022 through the merger of Boral Resources, Charah Solutions' materials division, and ISG Resources. The roll-up consolidated existing SCM supply businesses under one entity, creating the largest fly ash distributor in the US (per the firm).