CEMEX B de C : EU awards Cemex €4.4 million grant for innovative waste-to-fuel technology

Monterrey, Mexico. June 27, 2023 - The European Union has awarded Cemex and WtEnergy Advanced Solutions a €4.4 million grant for the implementation of a novel waste-to-fuel technology utilizing synthetic gas at its Alicante cement plant in Spain. The project has been cataloged as "the first of its kind" for the cement industry by the European Union.

"Innovation is crucial in our efforts to decarbonize our operations and lead the industry's efforts to evolve for a more sustainable future," said Fernando A. González, CEO of Cemex. "Our products and solutions help build the structures that humanity needs to thrive, and technologies like this one ensure that we enable cleaner, lower-carbon, and more circular construction."

The technology, named "Clyngas," was developed by WtEnergy and substitutes fossil fuels with synthetic gas derived from waste and byproducts from other industries, substantially reducing the carbon footprint of cement operations. WtEnergy Advanced Solutions is a company in the portfolio of Cemex Ventures, Cemex's venture capital and open innovation unit.

The Clyngas project has the potential to reduce over 400,000 tons of CO2 equivalent emissions over a decade at the Alicante plant. The committee responsible for awarding the grant lauded the project for its "strong innovation component, reliability, and the improvement it represents in the use of gasification technology."

This project is part of Cemex's Future in Action program, which seeks to achieve sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net-zero CO2 company.

About WtEnergy
Waste to Energy Advanced Solutions (WtEnergy) was born in 2017 thanks to 20 years of experience of its founder Andrés Ponce on gasification, biofuels and clean energy generation (thermal and electric). In 2019, Antonio Crous joins the project as co-founder, to scale the business commercially and develop the implementation of technology within strategic industries and sectors. WtEnergy has developed a unique cleantech technology, with a wide know-how and large number of projects behind it, impossible to find in the gasification and waste to energy market. Both founders have extensive experience in both the technical and business aspects, accompanied by a large team of engineers and experts in gasification plants. More information: https://www.wte-as.com/

About Cemex
Cemex, S.A.B. de C.V. ("Cemex") (NYSE: CX) 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

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