Cemex Ventures has invested in KC8 Capture Technologies. Image: Cemex
Cemex has backed an Australian start-up KC8 Capture Technology to help scale its technologies to new heights.
KC8’s ambition is to create an affordable pathway away from fossil fuels to reduce greenhouse gas emissions for the construction industry. The Australian company has a proprietary non-toxic, non-volatile solvent designed to have no impact on the environment. Moreover, the startup’s breakthrough technology is designed to enable up to 95 per cent CO2 capture, optimise energy efficiency by 15 per cent, and cut down overall operating costs by 50 per cent for partners in heavy industries, such as Cemex, in comparison to conventional amine solvents.
“As a global supplier in carbon capture technologies, we are very excited to be working with the global Cemex organisation in the further development of our technology supporting the cement industry,” said Greg Ross, executive director at KC8 Technologies.
“The support of Cemex Ventures will undoubtedly be a major part of our success, and we look forward to further collaboration as we implement larger scale projects.”
Cemex’s investment comes through its innovation fund, Cemex Ventures. After the initial investment Cemex will test KC8’s technology in a Front-End Engineering Design (FEED) study at one of its leading cement plants with the aim to capture more than 100 tonnes per day (TDP) of CO2, an ambition that is 10 times greater than current project scopes.
“The path to carbon neutrality is paved by not only sustainable investments, but also active and aggressive clean technology adoption by industry leaders who are producing on a global scale with a considerable impact within construction”, said Gonzalo Galindo, head of Cemex Ventures.
“We are thrilled to help promote the growth of KC8 by connecting the startup to Cemex’s extensive network and resources and to find synergies in order to foster the construction industry revolution.”
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