Press Releases

February 8, 2021

• RTI International, CEMEX, Carbon Clean and Oak Ridge National Laboratory will jointly work on development of a CO₂ capture system and commercially viable carbon utilization solution.
• The grant will span the project during 30 months in CEMEX’s Victorville, California cement plant.

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today 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. The specific objectives of this project also include the development, optimization and scaleup of specific CO₂ capture process components, as well as incorporation of next-generation non-aqueous solvents. Integration aspects of the low-cost, modular, process intensification capture technology with CEMEX’s cement plant are also planned to be covered, together with subsequent cost evaluations and technical considerations for the transformation of captured CO₂ into new marketable products.

“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 organizations 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.”

“With CEMEX being a project partner and technology stakeholder, the design and integration of the capture system with its cement plant, and subsequent use of the CO₂ at its concrete plants are set to align with the industry’s needs”, said Paul Mobley, Research Chemical Engineer at RTI. “The development of this highly disruptive CO₂ capture technology could accelerate industry adoption and thereby significantly reduce industrial emissions.”

“Oak Ridge National Laboratory is dedicated to translating science into industry solutions for addressing some of the most critical problems facing our nation,” said Xin Sun, interim associate laboratory director for energy science and technology at ORNL. “We look forward to applying our advanced manufacturing expertise to this project in support of a clean, efficient, flexible and secure energy future.”

Aniruddha Sharma, CEO of Carbon Clean, said: “CEMEX shares our mission to enable the net zero transition by developing affordable modularized carbon capture solutions. This latest grant from the US Government endorses the importance of such work. We are looking forward to delivering this breakthrough project with CEMEX further strengthening our relationship and helping to decarbonize the cement industry.”

CEMEX announced in 2020 its Climate Action strategy, defining a global target of a 35% reduction of CO₂ emissions per ton of cementitious products by 2030. To complement this strategy with a longer-term vision, CEMEX also established an ambition to deliver net-zero CO₂ concrete to all its customers globally by 2050.

CEMEX is successfully introducing Vertua^®, its low carbon and net-zero CO₂ products, in the countries where it has a presence. Vertua^® is the result of the work done by the CEMEX’s Research and Development Center in Switzerland, and it´s a milestone towards carbon-neutral construction becoming a reality.

About Carbon Clean
Carbon Clean is a global leader in low-cost CO₂ capture technology. The company’s patented technology significantly reduces the costs and environmental impacts of CO₂ separation, when compared to existing techniques.

The technology has been proven at scale in over 10 locations, including the UK, USA, Germany, India, Norway, and the Netherlands. It is currently in use at the world’s largest industrial-scale carbon capture and utilization plant in Tuticorin, India. The UK Government has supported Carbon Clean’s development of its technology through competitive grants.

The company was awarded a ‘Technology Pioneer’ award by the World Economic Forum and most recently selected as one of CEMEX Ventures Top50 ConTech startups and named a 2021 Global Cleantech 100 company. Carbon Clean is headquartered in London, UK and also operates offices in India and the United States. For information about Carbon Clean: www.carbonclean.com

About RTI International
RTI International is an independent, nonprofit research institute dedicated to improving the human condition. Clients rely on us to answer questions that demand an objective and multidisciplinary approach — one that integrates expertise across the social and laboratory sciences, engineering and international development. We believe in the promise of science, and we are inspired every day to deliver on that promise for the good of people, communities and businesses around the world. For more information, visit www.rti.org.

About CEMEX
CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.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.