Profitability

Profitability

CEMEX Awarded Grant from U.S. Department of Energy

CEMEX announced that its U.S. operations have been awarded a grant from the United States Department of Energy (“DOE”) to research, engineer and develop a pilot for a breakthrough carbon capture unit.  The project, anchored to CEMEX’s Victorville, California cement plant, will also contemplate cost-competitive solutions to completely close the loop on current carbon emissions.

In this initiative led by RTI international (“RTI”), a nonprofit research institute, CEMEX is joining forces with UK-based Carbon Clean and Oak Ridge National Laboratory (“ORNL”). The goal of the consortium is to increase efficiencies and value in CEMEX’s overall building material fabrication process, while significantly reducing its CO2 footprint through the leverage of technological upgrades.

“CEMEX is committed to being part of the solution to reduce carbon emissions globally and to deliver net-zero CO2 concrete to all of our customers by 2050,” said CEMEX USA President Jaime Muguiro.

“We cannot achieve these without innovative technology and collaborative relationships with both public and private organisations who share a commitment to climate action. This grant gives us an excellent opportunity to further develop a new technology to help us all reach our goals.”

Read more at: https://www.cemex.com/media/press-releases