TLDR:
- Cemex Ventures has invested in the CCUS startup KC8 Capture Technologies to become front runners in carbon capture.
- KC8’s technology aims to reduce greenhouse gas emissions in the construction industry by offering a non-toxic, non-volatile solvent for carbon capture.
Cemex Ventures has announced a strategic investment in KC8 Capture Technologies, an acclaimed CCUS startup based in Australia. The investment aims to propel carbon capture technologies to new heights, focusing on reducing greenhouse gas emissions in the construction industry. KC8’s innovative technology offers a non-toxic, non-volatile solvent for Carbon Capture, Utilization, and Storage (CCUS), enabling up to 95% CO2 capture, optimizing energy efficiency by 15%, and cutting operating costs by 50% for partners like Cemex. The partnership will involve testing KC8’s technology in a large-scale project at one of Cemex’s cement plants, with the goal of capturing over 100 tons per day of CO2, a significant increase from current project scopes.
Gonzalo Galindo, Head of Cemex Ventures, highlighted the importance of sustainable investments and clean technology adoption in achieving carbon neutrality. With Cemex Ventures’ support, KC8 aims to revolutionize the construction industry and help Cemex reduce its Scope 1 CO2 emissions. This investment aligns with Cemex’s sustainability program, “Future in Action,” which focuses on innovation and partnerships to drive climate action goals.
Greg Ross, Executive Director of KC8 Capture Technologies, expressed enthusiasm for collaborating with Cemex to further develop and implement their technology in large-scale projects. The partnership between Cemex and KC8 has the potential to position Cemex as a leader in carbon capture within the construction industry.
Cemex Ventures, launched in 2017, aims to address challenges and seize opportunities in the construction ecosystem through sustainable solutions. By engaging startups, entrepreneurs, and other stakeholders, Cemex Ventures is driving the industry’s transformation and shaping its future.
