Breaking News

This startup creates a global technological platform for recycled wood


Each year, 36 million trees drop due to decay, illness, natural disasters or cleaning of new development. The vast majority of these trees have been burned, sent to a landfill or grounded for mulch, which consumes energy and causes carbon emissions.

Now the new technology is used to find, transport and recycling that wood and make it useful once again.

Cambrian is a startup that aims to disrupt the wood recycling area. Its researchers with headquarters in Baltimor work in new ways of monitoring, treatment and transferring old wood into a supply chain. It is charged itself as a platform “on which the tree meets technology.”

“We are facilitating the source of wood that would otherwise lose and build a wooden industry technology to save material, create new local jobs and resolve climate change in proportion,” said Ben Christensen CEO.

Each piece of Cambian wood “Carbon Smart” has a barcode. Scan it, and the Cambium -I will determine what is the species, when it is grinding and what is its grade.

Cambium technology helps to find, recycle and then deliver wood across the United States and in parts of Canada. Company cooperates with local care care services, transport companies and seen mills as well as companies like companies like Amazon,, CBRGensler and room and board.

“We help the truckers coordinate the burden so that they can actually move this material, and then help the saws to make sources of this material, monitor this material when they actually use it inside their sawmills, and then they eventually sell that material,” said Christensen.

Recycled wood on Cambia.

Van Applegate | CNBC

Although there are local wood recycling recycling, no one else is addressing a national supply chain at the national level, Christensen said, adding that he expects to eventually become global. This potential is tempting to investors.

“For us, as a risk capitalist who wants to invest in companies that can go to the moon and become $ billions, it fills all the criteria,” said Adrian Fenty, a military partner in establishing Mac Venture Capital.

Cambrian has also been supported by the ox Earth Ventures, Nea and Revolution, among other things, the rise of the rest of the rest of the rest. Startup has so far raised $ 28.5 million with a total funds.

If it was possible to save all the discarded wooden material in the US, people could get about half of our total request, Christensen said.

Cambium doubled the sale last year, and Christensen said it was big growth on the software side. Its revenue comes from direct sales of Wood to the end users and from the sale of software in the wood industry to make it easier to start, monitor and sell the recycled product.

“It’s critical for investors in the silicon valley, because we don’t want to invest in wood,” Fenty said. “We don’t want to invest in a construction company. We want to invest in a software company.”

Among the challenges ahead are the Tariffs of Trump administration on the Canadian tree, Christensen said. These tariffs are expected to influence the job of Cambium, especially in the northeast region of the USA

“We move the material to the sawmills 10 or 20 miles across the border, so obviously trade policy really affects how this material is moving,” Christensen said.

CNBC producer Lisa Rizzolo contributed to this piece.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Social Media Auto Publish Powered By : XYZScripts.com