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Cemex Recognized at COP29 for Solar Clinker Breakthrough

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Cemex has been awarded the Net-Zero Industries Award at COP29 for developing a revolutionary clinker decarbonization process using concentrated solar power. The breakthrough technology, developed in collaboration with cleantech company Synhelion, enables solar-powered clinker production, a key component in cement manufacturing. The partnership, which began in 2019, achieved its first successful solar clinker production in 2022 through a small-scale pilot, followed by continuous production capabilities in 2023. The companies are now progressing toward developing a solar-driven, industrial-scale pilot cement plant.

Cemex ha ricevuto il Net-Zero Industries Award al COP29 per aver sviluppato un processo rivoluzionario di decarbonizzazione del clinker utilizzando energia solare concentrata. Questa tecnologia innovativa, sviluppata in collaborazione con l'azienda cleantech Synhelion, consente la produzione di clinker alimentata a energia solare, un componente chiave nella produzione di cemento. La partnership, iniziata nel 2019, ha raggiunto la sua prima produzione di clinker solare con successo nel 2022 attraverso un pilota su piccola scala, seguita da capacità di produzione continua nel 2023. Le aziende stanno ora proseguendo verso lo sviluppo di un impianto cementiero pilota su scala industriale alimentato da energia solare.

Cemex ha sido galardonada con el Net-Zero Industries Award en la COP29 por desarrollar un proceso revolucionario de descarbonización de clínker mediante energía solar concentrada. Esta tecnología innovadora, desarrollada en colaboración con la empresa cleantech Synhelion, permite la producción de clínker con energía solar, un componente clave en la fabricación de cemento. La asociación, que comenzó en 2019, logró su primera producción exitosa de clínker solar en 2022 a través de un piloto a pequeña escala, seguido de capacidades de producción continua en 2023. Ahora, las empresas están avanzando hacia el desarrollo de una planta de cemento piloto a escala industrial impulsada por energía solar.

Cemex는 COP29에서 농축 태양열을 사용한 혁신적인 클링커 탈탄소화 프로세스로 Net-Zero Industries Award를 수상했습니다. 이 혁신적인 기술은 클린테크 기업 Synhelion과의 협력으로 개발되어, 시멘트 제조의 핵심 구성 요소인 태양열로 생산된 클링커를 가능하게 합니다. 2019년에 시작된 파트너십은 2022년에 소규모 파일럿을 통해 성공적인 태양열 클링커 생산을 이루었으며, 2023년에는 지속적인 생산 능력을 확보했습니다. 현재 두 회사는 태양 에너지로 구동되는 산업 규모의 파일럿 시멘트 공장을 개발하기 위해 나아가고 있습니다.

Cemex a reçu le Net-Zero Industries Award lors de la COP29 pour le développement d'un processus révolutionnaire de décarbonisation du clinker utilisant l'énergie solaire concentrée. Cette technologie révolutionnaire, développée en collaboration avec la société cleantech Synhelion, permet la production de clinker alimentée par l'énergie solaire, un élément clé dans la fabrication du ciment. Le partenariat, qui a débuté en 2019, a atteint sa première production réussie de clinker solaire en 2022 grâce à un pilote à petite échelle, suivi par des capacités de production continue en 2023. Les entreprises avancent maintenant vers le développement d'une usine pilote de ciment à grande échelle alimentée par énergie solaire.

Cemex wurde auf der COP29 mit dem Net-Zero Industries Award ausgezeichnet, da es einen revolutionären Prozess zur Dekarbonisierung von Klinker unter Verwendung von konzentrierter Solarenergie entwickelt hat. Diese bahnbrechende Technologie, die in Zusammenarbeit mit dem Cleantech-Unternehmen Synhelion entwickelt wurde, ermöglicht die solarbetriebene Klinkerproduktion, die ein wichtiger Bestandteil der Zementherstellung ist. Die Partnerschaft, die 2019 begann, erzielte 2022 über ein Pilotprojekt im Kleinmaßstab die erste erfolgreiche Produktion von solarbetriebenem Klinker, gefolgt von kontinuierlichen Produktionsmöglichkeiten im Jahr 2023. Die Unternehmen arbeiten nun daran, eine solarbetriebene, industriell skalierte Pilotzementanlage zu entwickeln.

Positive
  • Successfully developed breakthrough solar-powered clinker production technology
  • Achieved continuous clinker production capability in 2023
  • Progressing toward industrial-scale implementation
  • Received recognition through Net-Zero Industries Award at COP29
Negative
  • None.

Insights

The solar clinker breakthrough represents a significant technological advancement in cement manufacturing decarbonization, but has minimal immediate financial impact on Cemex's operations or stock value. While the technology shows promise for future CO₂ emissions reduction, it's still in early development stages, moving from small-scale pilot to continuous production testing. The path to industrial-scale implementation remains lengthy and capital-intensive.

The collaboration with Synhelion since 2019 demonstrates Cemex's commitment to green innovation, potentially positioning the company favorably for future environmental regulations and carbon pricing. However, the technology's economic viability and scalability are yet unproven. The award recognition may enhance Cemex's ESG profile, but investors should note that meaningful revenue or cost impacts are likely years away.

  • Award recognizes Cemex’s efforts to develop breakthrough decarbonization technologies for the cement industry.
  • Cemex uses concentrated solar power to produce clinker, the main component of cement.

MONTERREY, Mexico--(BUSINESS WIRE)-- Cemex was awarded the Net-Zero Industries Award by Mission Innovation at a ceremony during COP29 in Baku, Azerbaijan for its revolutionary clinker decarbonization process using concentrated solar power.

The Net-Zero Industries Award recognizes and celebrates outstanding innovations in industrial decarbonization; it spotlights the people and projects revolutionizing energy-intensive industries and driving substantial reductions in greenhouse gas emissions. Cemex’s solar clinker project is a collaboration with cleantech company Synhelion, who developed the high-temperature solar heat technology it uses.

“Together with Synhelion, we are pioneering solar-powered clinker production, a breakthrough process that can contribute to decarbonizing cement manufacturing,” said Davide Zampini, Vice President of Global R&D at Cemex. “This award recognizes our vision of achieving net-zero CO₂ emissions, as well as our passion for innovation.”

“We congratulate Cemex on winning the Net-Zero Industries Award, which is a testament to our shared vision to decarbonize cement manufacturing and pave the way for a more sustainable industry,” said Gianluca Ambrosetti, Co-CEO and Co-Founder of Synhelion. “The solar clinker project is an example of the transformative power of clean energy innovation in industrial processes.”

Cemex partnered with Synhelion in 2019 to reduce CO₂ emissions in cement production. This collaboration led to a significant milestone in 2022 with the first successful production of solar clinker in a small-scale pilot.

Building on this success, the technology was scaled further in 2023 by enabling clinker production in a continuous manner over an extended period – a key milestone for implementing the technology at an industrial scale. Cemex and Synhelion are advancing toward developing a solar-driven, industrial-scale pilot cement plant.

Mission Innovation is a global initiative to catalyze action and investment in research, development, and demonstration to make clean energy affordable, attractive, and accessible to all in this decade.

The full Net-Zero Industries Awards winners list is available at:
https://mission-innovation.net/missions/net-zero-industries-mission/net-zero-industries-award-2024/

About Cemex

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com

About Synhelion

Synhelion produces sustainable solar fuels. The cleantech scale-up company is on a mission to contribute to a net-zero transportation sector by replacing fossil fuels with renewable solar fuels. Founded in 2016 as a spin-off of ETH Zurich, Synhelion is now commercializing the Sun-to-Liquid technology. In June 2024, the company inaugurated DAWN, the world’s first industrial plant for the production of solar fuel in Jülich, Germany. RISE, Synhelion’s first commercial production plant, will be located in Spain and is scheduled to produce fuels from 2027. On its road to defossilize transportation, Synhelion is supported by a network of international partners such as Eni, Cemex, Lufthansa Group, Swiss International Air Lines, SMS group, Wood, AMAG Group, Zurich Airport, and Pilatus Aircraft. For more information, please visit www.synhelion.com

Except as the context otherwise may require, references in this press release to “Cemex,” ”we,” ”us,” ”our,” refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated subsidiaries. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend these forward-looking statements to be covered by the “safe harbor” provisions for forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Cemex’s current expectations and projections about future events based on Cemex’s knowledge of present facts and circumstances and assumptions about future events, as well as Cemex’s current plans based on such facts and circumstances, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex’s expectations, including, among others, risks, uncertainties, and assumptions discussed in Cemex’s most recent annual report and detailed from time to time in Cemex’s other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex’s expectations and/or expected results not producing the expected benefits and/or results. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. These factors may be revised or supplemented, and the information contained in this press release is subject to change without notice, but Cemex is not under, and expressly disclaims, any obligation to update or correct this press release or revise any forward-looking statement contained herein, whether as a result of new information, future events or otherwise, or to reflect the occurrence of anticipated or unanticipated events or circumstances. Any or all of Cemex’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Cemex is not responsible for, and expressly disclaims responsibility for, the content of any third-party website or webpage referenced to or accessible through this press release.

There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as ‘green’, ‘social,’ or ‘sustainable’ or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as ‘green’, ‘social’, or ‘sustainable’ or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.

Analyst and Investor Relations - New York

Blake Haider

+1 (212) 317-6011

ir@cemex.com

Analyst and Investor Relations - Monterrey

Patricio Treviño

+52 (81) 8888-4327

ir@cemex.com

Media Relations

Jorge Pérez

+52 (81) 8259-6666

jorgeluis.perez@cemex.com

Source: Cemex

FAQ

What award did Cemex (CX) receive at COP29?

Cemex received the Net-Zero Industries Award at COP29 in Baku, Azerbaijan for its revolutionary clinker decarbonization process using concentrated solar power.

When did Cemex (CX) achieve its first solar clinker production?

Cemex achieved its first successful production of solar clinker in 2022 through a small-scale pilot project.

Who is Cemex (CX) partnering with for solar clinker technology?

Cemex is partnering with cleantech company Synhelion, who developed the high-temperature solar heat technology for clinker production.

What is Cemex's (CX) next step in solar clinker production?

Cemex is working toward developing a solar-driven, industrial-scale pilot cement plant with Synhelion.

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