Cemex Ventures increases stake in hydrogen startup

In Spain, Cemex Ventures said it has increased its stake in HiiROC, a startup with a novel proprietary process for low-cost, zero emission hydrogen production. Founded in 2019, HiiROC is a UK-based startup that produces cost-competitive and zero-emission hydrogen through its proprietary process of thermal plasma electrolysis. Alternatively, HiiROC’s technology stands out producing high grade hydrogen that requires a fraction of the energy consumed by water electrolysis, and avoids the need for intensive Carbon Capture, Utilization, and Storage (CCUS) methods required for traditional steam methane reforming. “This news comes at a critical moment when COP28 has brought the world together to address and refocus the climate agenda and buckle down on the responsibility of governments and private corporations to deliver on their decarbonization objectives ahead of 2030”, said Gonzalo Galindo, Head of Cemex Ventures.

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