Cemex Ventures invests in Carbon Upcycling Technologies

Cemex first invested in Carbon Upcycling in February 2022 and has been working with the carbon utilization company to support their scale-up since early 2020. The project at Cemex’s Rugby cement plant was awarded £2.3 million in funding from UK Research and Innovation. Quote: This project, located at Cemex’s Rugby cement plant, is expected to sequester over 1,600 metric tons of CO2 annually and was awarded £2.3 million in funding from UK Research and Innovation. Cemex aims to roll out additional carbon mitigation projects in partnership with Carbon Upcycling in selected cement plants across Cemex’s EMEAA, U.S., and Mexico operations. Quote: Cemex aims to roll out additional carbon mitigation projects in partnership with Carbon Upcycling in selected cement plants across Cemex’s EMEAA, U.S., and Mexico operations.