Saint-Germain-Laval,
France
Why is this important?
The building sector generates 23% of GHG emissions in France, making it a major source of emissions. The embodied phase of a building's life cycle, which can account for 15-40% of its total GHG emissions over a lifespan of 50-60 years, is a significant contributor. Cement production alone generates around 2.5 billion tonnes of carbon dioxide annually, representing about 8% of the global total. Biobased construction materials account for less than 10% of the market due to their higher cost compared to traditional polluting materials. Reducing the reliance on cement and other high-emission materials is crucial for decreasing the overall carbon footprint of the construction industry.
Why does this project need financial support?
Financial support through carbon credits is essential for Vestack to scale its operations and make biobased construction materials more attractive to real estate developers. This funding can help reduce costs, making these sustainable materials more competitive with traditional options. The integration of biobased materials in construction was only 10% in 2020, far less than the use of concrete. By enhancing the adoption of these materials, Vestack can contribute significantly to reducing the carbon footprint of the construction industry. Vestack aims to triple capacity within five years thanks to carbon credits.
What is unique with this project?
Vestack is developing a unique innovative approach by designing and producing modular structures that can be used on-demand to build an entire building. This drastically reduces the time to build, further cutting carbon emissions and pollution.