The two companies today (3rd Nov) signed an agreement for the partnership which will allow the production of concretes with a low carbon footprint, meeting the construction industry’s strictest requirements.
As part of the agreement, the companies will capture CO2 emissions from waste and by-products, like fly ash and slags, from a CEMEX facility. Carbon Upcycling technology will then be used to transform the residues into low carbon cement.
Gonzalo Galindo, Head of CEMEX Ventures, said, “This agreement with Carbon Upcycling is yet another example of our determination to deliver net-zero CO2 concrete products globally by 2050.”
“Our roadmap to achieve this global ambition involves continuing to innovate our technology internally while, at the same time, continuing to seek complementary innovation outside of CEMEX through investments in start-ups, consortia, and high-value collaboration agreements such as the one reached with Carbon Upcycling.”
Apoorv Sinha, CEO of Carbon Upcycling Technologies, added, “We’re thrilled to be partnering with CEMEX Ventures on this initiative and working with CEMEX to achieve their net-zero CO2 commitment.”
“Investigating industrial residue that could be upcycled will unlock the applicability of our technology to achieve emissions reduction in concrete products globally. This works towards a larger vision of beneficiating under-utilised materials, such as natural pozzolanic materials, to reduce the use of portland cement in commercial concrete mixes.”
“We’ve already shown the ability to reduce cement use by over 10% in field deployments across Calgary and are confident that this number can be significantly improved with further research and development.”