CEMEX announces significant milestone in carbon capture project - CEMEX announces significant milestone in carbon capture project
April 6, 2022
- Innovative project successfully passed its final investment milestone.
- Critical participation by CEMEX to help in construction of industrial scale facility in Germany.
CEMEX, S.A.B. de C.V. (“CEMEX”), as a member of the Low Emissions Intensity Lime and Cement 2 ("LEILAC 2") consortium, announced that the project had received funding to build an industrial-scale facility. CEMEX is playing a leading role in this innovative carbon capture project in Germany, capable of capturing 20% of its CO2 emissions at a very low cost.
LEILAC 2 is a research and innovation project utilizing carbon capture technology to decarbonize cement production. It is funded by the European Union's Horizon 2020 research and innovation program, and the project team comprises leading industrial, technology, and research & development partners.
The project seeks to isolate the carbon produced from the clinker manufacturing process, resulting in a concentrated CO2 that can be easily captured and possibly stored. This indirect calcination technology may be powered by electricity generated from renewable sources, significantly reducing the need for fossil fuels in the cement production process.
CEMEX has played a crucial role in defining and solving the main technical challenges for the project in the front-end engineering design phase. CEMEX is also supporting the consortium in identifying and procuring the optimal equipment and technology for the project.
Drawing on its significant experience in alternative fuel usage, CEMEX has also been tapped to validate the technology used in the combustion trials to generate the required thermal heat required in the LEILAC 2 project.
"As a climate action leader in our industry, we focus on developing the emerging technologies we need to achieve our net-zero CO2 goal. While our roadmap to 2030 relies on existing solutions, LEILAC 2 is an important example of our commitment to work with partners to develop and scale the new technologies that will move the industry to carbon neutrality," said Roberto Ponguta, CEMEX Vice-president of Global Operations, Technical and Energy. "As part of our Future in Action program, we are developing industrial-scale projects looking to use technologies that capture CO2 most efficiently."
The LEILAC consortium is led by the LEILAC Group (technology provider Calix). It comprises CEMEX, HeidelbergCement, Cimpor, IKN, Lhoist, Port of Rotterdam, BGR Energy Systems, Royal Belgian Institute for Natural Sciences, Centre for Research and Technology - Hellas, Politecnico di Milano, LEAP, and Engie. It is supported by the Global Cement and Concrete Association, the Global CCS Institute, the European Cement Association (CEMBUREAU), the European Climate Research Alliance (ECRA), the University of Clausthal, and the European Lime Association (EuLA.) The project aims to apply and demonstrate a breakthrough technology that will enable Europe’s cement and lime industries to reduce their carbon footprint significantly.
CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: cemex.com
CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.
Analyst and Investor Relations
Alfredo Garza / Fabián Orta
+1 (212) 317-6011 / +52 (81) 8888-4327