Houston, TX. January 20, 2025 – Cemex announced today that the U.S. Department of Energy's (DOE) Office of Fossil Energy and Carbon Management (FECM) has selected a project for funding to develop a pioneering carbon capture, removal, and conversion test center at its cement plant in Knoxville, Tennessee. It will serve as a proving ground for innovative carbon capture technologies needed to accelerate deep decarbonization of the cement industry at scale. This project is one of five selected to share $101 million to begin and continue developing test centers for cement plants and power facilities.
In collaboration with the University of Illinois Urbana-Champaign (UIUC), Cemex and a coalition of U.S. cement producers will develop the conceptual design, business, technical and managerial structures for the test center. This Phase 1 project includes the necessary designs and structures for the center, while a competitive selection for Phase 2 will involve building and operating the carbon capture, removal and conversion test center, providing a platform to research and evaluate advanced systems for decarbonizing the cement industry. This research will facilitate cost-effective and sustainable carbon management.
“While we are making steady progress, the cement industry has the opportunity to accelerate even more the pace of our decarbonization,” said Jaime Muguiro, President of Cemex US. "I am excited that our Knoxville cement plant has been selected as the host site for the carbon capture test center. Through collaboration and continuous innovation with the University of Illinois and industry peers, Cemex is committed to advancing decarbonization solutions.”
“The Net-Zero Center of Excellence, part of the Prairie Research Institute at the University of Illinois at Urbana-Champaign, is proud to lead the development of a carbon capture test center,” said UIUC Director of Net-Zero Center of Excellence, Kevin C O’Brien. “We are thrilled to combine our expertise in capturing emissions from cement plants with Cemex’s leadership in the net-zero space. This partnership aligns perfectly with the goals of our Net-Zero Center of Excellence and Cemex’s net-zero objectives.”
Paired with existing levers to reduce the carbon footprint of cement production, carbon capture, utilization, and storage (CCUS) technologies are the key to achieving Net Zero CO2 in cement production.
This initiative is part of a more extensive portfolio of Cemex CCUS solutions, including permanent storage or use of CO2 from biogenic sources and contributes to Cemex’s 2050 net-zero carbon emissions target. CCUS is part of the roadmap for Future in Action, Cemex’s sustainability and decarbonization program through which it has achieved record-breaking progress in reducing its carbon footprint since its launch in 2020.
About Cemex
Cemex 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 help 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: www.cemex.com
About the University of Illinois Urbana-Champaign
The University of Illinois Urbana–Champaign is a public land-grant research university in Illinois in the twin cities of Champaign and Urbana. It is the flagship institution of the University of Illinois system and was founded in 1867. The university serves the people of Illinois through a shared commitment to excellence in teaching, research, public engagement, economic development and health care. Faculty, staff and students share their knowledge, expertise and resources with residents in every corner of the state through public service and outreach programs.
About the National Energy Technology Laboratory (NETL)
NETL is a U.S. Department of Energy national laboratory that drives innovation and delivers solutions for a clean and secure energy future. By leveraging its highly skilled innovators and state-of-the-art research facilities, NETL is advancing carbon management and resource sustainability technologies to enable environmental sustainability for all Americans. This project will be the product of a cooperative agreement where funding and management support is provided by NETL on behalf of the Office of Fossil Energy and Carbon Management (FECM).
###
Except as the context otherwise may require, references in this press release to “Cemex,” ”we,” ”us,” ”our,” refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated subsidiaries. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend these forward-looking statements to be covered by the “safe harbor” provisions for forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. 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, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex’s expectations, including, among others, risks, uncertainties, and assumptions discussed in Cemex’s most recent annual report and detailed from time to time in Cemex’s other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex’s expectations and/or expected results not producing the expected benefits and/or results. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. These factors may be revised or supplemented, and the information contained in this press release is subject to change without notice, but Cemex is not under, and expressly disclaims, any obligation to update or correct this press release or revise any forward-looking statement contained herein, whether as a result of new information, future events or otherwise, or to reflect the occurrence of anticipated or unanticipated events or circumstances. Any or all of Cemex’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. 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, and expressly disclaims responsibility for, the content of any third-party website or webpage referenced to or accessible through this press release. There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as ‘green’, ‘social,’ or ‘sustainable’ or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as ‘green’, ‘social’, or ‘sustainable’ or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.