Through its Corporate Venture Capital Unit CEMEX Ventures, CEMEX, S.A.B. de C.V., has signed an agreement with carbon capture and technology specialist Carbon Clean to develop a carbon capture solution for the cement industry.
As part of the agreement, both companies will further develop and adapt Carbon Clean’s third generation modularised carbon capture technology for the cement industry. The technology will then be tested for the first time in the cement industry at a CEMEX facility by deploying an industrial-scale pilot during the first quarter of 2021.
Together, the companies will work towards making the solution more efficient before the construction of what they hope will be the most cost-effective commercial installation for carbon capture in the cement industry to date, with a capacity to capture up to 100,000 tonnes of CO2 per year at a cost lower than $30 per tonne.
Gonzalo Galindo, Head of CEMEX Ventures, said, “Accomplishing CO2 capture at an industrial scale and affordable cost is one of the biggest challenges that CEMEX is facing in its road to delivery net-zero CO2 concrete products globally by 2050.”
“Carbon Clean’s vision of working with players from various industries is something we value in CEMEX Ventures. Due to the impact of CO2 emissions on global warming and the importance of implementing new solutions to reduce the environmental impact, we look forward to joining efforts with other companies that are also working towards carbon neutrality.”
Aniruddha Sharma, CEO of Carbon Clean, said, “We are delighted to be partnering with CEMEX to deliver on our shared goal of decarbonising the cement sector through the utilisation of CCUS. We are confident that this partnership and the operating experience of CEMEX will help us bring down the cost of carbon capture to just $30/tonne of CO2 captured by 2021, which will help accelerate take-up of the technology across the cement industry and beyond.”