EU Backs Pioneering CO2 Capture Project at Cemex’s Rüdersdorf Cement Plant
Cemex, S.A.B. de C.V. Sponsored ADR (CX)
US:NYSE Investor Relations:
cemex.com/investors/overview
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Source: Business Wire
MONTERREY, Mexico--(BUSINESS WIRE)--A consortium comprised of Cemex and Linde, a leading global industrial gases and engineering company, has been selected to receive €157 million in funding from the EU Innovation Fund for a pioneering CO2 capture project at Cemex’s Rüdersdorf Cement Plant in Germany.The project, Cemex’s largest planned Carbon Capture Use and Storage (CCUS) project to date, aims to capture 1.3 million metric tons of CO2 per year from Rüdersdorf’s cement production, ultimately decarbonizing the site by 2030.“Our Future in Action climate action strategy is working hard to drive several revolutionary CCUS projects across our global operations,” said Sergio Menéndez, President of Cemex Europe, Middle East, Africa & Asia. “While we are working hard to decarbonize using existing technology (“reduce before capture”), an important component of our Future in Action strategy is to develop breakthrough decarbonization solutions for our industry to reach Net Zero. This projec
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