CEMEX invests in syngas start-up WtEnergy

In Mexico, CEMEX and CEMEX Ventures announced their investment in Waste to Energy Advanced Solutions (“WtEnergy”), a clean energy startup that has developed a novel process to transform solid waste into synthesis gas for industrial purposes.

WtEnergy converts biomass and non-recyclable waste into a lower-carbon energy solution, which can be used in the short-term as a fossil fuel alternative or be upgraded in the medium- and long-term to gases such as biomethane or pure hydrogen. CEMEX intends to incorporate this clean energy source into its clinker and cement manufacturing process, looking to further reduce the carbon footprint of its operations. CEMEX aims to increase its fossil fuel substitution rate by 20 percentage points by 2030.