Mexican cement giant Cemex will work with firm Carbon Clean to develop carbon-capture technology that will cost just US$30 a ton of CO2 captured.
Production of cement, the binding ingredient that turns sand, gravel and water into concrete, accounts for roughly 7% of global carbon dioxide emissions.
Cemex will work on Carbon Clean’s carbon capture technology, which uses an integrated modular system of rotating packed beds.
Cemex says costs less than traditional capture technologies and is smaller than equipment used today.
Gonzalo Galindo, Head of Cemex Ventures, said: "Carbon Clean’s vision of working with players from various industries is something we value in Cemex Ventures. Due to the impact of CO2 emissions on global warming and the importance of implementing new solutions to reduce the environmental impact, we look forward to joining efforts with other companies that are also working towards achieving carbon neutrality."
Aniruddha Sharma, Carbon Clean’s chief executive, said: "We are confident that this partnership and the operating experience of CEMEX will help us bring down the cost of carbon capture to just US$30/ton of CO2 captured by 2021, which will help accelerate take-up of the technology across the cement industry and beyond."
Cemex says that the technology will be completed by 2021, and aims to deliver net-zero CO2 concrete globally by 2050.
Image courtesy of Carbon Clean