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Eco Material Technologies
Eco Material Technologies produces sustainable cementitious materials from fly ash, supplying the US concrete industry with low-carbon alternatives.
Eco Material Technologies
Eco Material Technologies was formed in 2022 through a roll-up of Boral Resources, Charah Solutions' materials business, and Utah-based ISG Resources. The combination created a single platform controlling roughly two-thirds of the US fly ash supply chain (per the firm's press release). The capital structure drew support from private equity, including Monarch Alternative Capital and investment firms. The firm's core strategy is processing fly ash — a byproduct of coal-fired power plants — into supplementary cementitious materials (SCMs) that replace a portion of Portland cement in concrete. It also produces geopolymer-based products and harvested ash from legacy impoundments. The technology reduces concrete-related CO2 emissions by up to 40% per ton (per industry benchmarks). Geographic footprint covers the Midwest, Southeast, and Intermountain West. The company is privately held and does not disclose AUM, annual revenue, or profit figures. It employs an estimated 500–600 people across multiple plant sites. No affiliated foundation or adjacent investment vehicle is publicly documented. Recent operational milestones include the 2024 commissioning of a new harvest facility in Texas. Eco Material's structural differentiator is its vertically integrated feedstock position: it controls long-term supply agreements with many remaining coal plants. This gives the firm a defensible source of fly ash as coal generation declines. The governance structure is privately held with board seats held by sponsor investors.
General information
Firm type
Asset Manager
Year founded
2022
AUM
Undisclosed
Location
Region
North America
Country
United States
City
South Jordan
Corporate office
South Jordan, UT, United States
Sector focus
Frequently asked questions
Who controls investment decisions at 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).
What is the core technology behind Eco Material's products?
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).
How does Eco Material source its raw materials?
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).
Is Eco Material Technologies a single-family office or an asset manager?
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.
What geographic regions does Eco Material serve?
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).
Does Eco Material have any direct competitors in low-carbon cement?
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).
What is the distinction between Eco Material and its predecessor companies?
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).
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