Cemex says it has become the first cement industry company to join the CCS+ Initiative, a multi-stakeholder platform developing a comprehensive carbon accounting framework for certifying industrial carbon projects.
The building materials provider says this framework aims to encompass solutions for carbon capture, utilisation, storage, and removal, contributing to the decarbonisation of industrial value chains.
As the first cement industry member in the CCS+ Initiative, Cemex adds that it is providing its expertise and use cases to develop modules for the carbon accounting of long-term CO2 storage in durable products such as cement, concrete and aggregates, supporting the development of carbon accounting methodologies and leveraging carbon markets to incentivise their scale-up.
The CCS+ Initiative brings together over 55 leading organisations in the industrial carbon management space, from large industrial players to innovative start-ups and trade associations and international organizations in an advisory capacity.
Cemex is currently running several CCUS innovation projects that aim to accelerate the creation of new technologies and enable the implementation of current ones at an industrial scale.
These projects are part of Cemex’s Future in Action Program, which focuses on achieving sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net-zero CO2 company by 2050. Since the launch of Future in Action, the
company has achieved record-breaking CO2 reductions.
The CCS+ Initiative aims to scale cutting edge climate technologies by developing a robust carbon accounting infrastructure that promotes environmental integrity. As a global, multi-stakeholder alliance, the initiative says it boasts a unique representation of technology and solution providers, large CO2 emitters, professional service providers, academia, and civil society.
For more information visit:www.ccsplus.org
