CEMEX enter ground-breaking carbon utilization agreement
ETFuels to transform CO2 from Alicante cement plant into green fuels for use in the shipping industry
CEMEX have signed an agreement with green fuels producer ETFuels, to transform CO2 from CEMEX’s Alicante cement plant in Spain into green fuels.
Ground-breaking in its scope and potential contribution to European energy security, the carbon utilization project demonstrates significant progress in testing and scaling technologies that are designed to contribute to accelerating decarbonization efforts in the cement production process.
Under the agreement, ETFuels will combine up to 450,000 tonnes of captured CO2 annually with green hydrogen to produce more sustainable fuels in the form of green methanol (e-methanol). CEMEX are evaluating several strategies and partners to perform CO2 capture for this project.
‘Our goal of reaching net-zero CO2 emissions is achievable and will be driven by collaboration and innovation,’ said Fernando A. González, chief executive officer of CEMEX. ‘Our decarbonization roadmap includes reducing emissions to the lowest possible level through proven levers such as clinker substitution and alternative fuels. New levers, such as rapidly developing carbon capture, utilization and storage initiatives, must effectively tackle the remaining CO2 emissions to hit our ambitious 2050 objectives.’
Turning carbon into more sustainable fuels has several potential benefits for the region, including increased energy security, reduced fossil fuel dependency, job creation, and increased private investment. The fuel produced through this agreement is intended to be used in the shipping industry, with the goal of further reducing overall carbon emissions in the global supply chain.
Lara Naqushbandi, chief executive officer of ETFuels, said: ‘We are honoured to work with the CEMEX team in our joint ambition for decarbonization of industry. This pioneering fuel production project combined with carbon capture and utilization presents a scalable way to decarbonize supply chains and aligns fully with our vision to deliver energy transition at hyperscale with commercially viable solutions.’
