CEMEX invests in clean energy-from-waste technology
Published by Sol Klappholz,
CEMEX and their corporate venture capital unity have announced their investment in in Waste to Energy Advanced Solutions (WtEnergy), a clean energy startup that has developed a novel process to transform solid waste into synthesis gas (syngas) for industrial purposes.
WtEnergy converts biomass and non-recyclable waste into a lower-carbon energy solution, which can be used in the short-term as a fossil fuel alternative or be upgraded in the medium- and long-term to gases such as biomethane or pure hydrogen. CEMEX intends to incorporate this clean energy source into its clinker and cement manufacturing process, looking to further reduce the carbon footprint of its operations. CEMEX aims to increase its fossil fuel substitution rate by 20 percentage points by 2030.
“This investment aligns with our strategy to find innovative clean fuel and energy sources for the cement industry,” said Gonzalo Galindo, Head of CEMEX Ventures. “We have outlined an ambitious rollout strategy across multiple operations, starting with Spain and other European countries before expanding to other international markets”.
This investment is part of CEMEX's Future in Action program to build a more sustainable, circular future, with the primary objective of becoming a net-zero CO2 company. Since the launch of Future in Action, the company has achieved record-breaking CO2 reductions. Innovation is a key component of the program.
Alternative fuels are an important lever of CEMEX’s ambitious 2030 decarbonisation roadmap, which has been validated by the Science-Based Targets initiative for alignment under their new 1.5°c scenario, the most ambitious pathway defined for the industry. One of the main levers for achieving its targets is using alternative fuels with high biomass content.
Read the article online at: https://www.worldcement.com/the-americas/27122022/cemex-invests-in-clean-energy-from-waste-technology/
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