Anna Schumacher

Anna Schumacher inquired if the industry is deprioritizing Carbon Capture, Utilization, and Storage (CCUS), asking if Cemex's projects like Rüdersdorf could face delays and how Cemex makes decisions regarding CCUS deployment.

Answer

CEO Jaime Muguiro stated that Cemex prioritizes traditional decarbonization levers first, such as clinker factor reduction, energy efficiency, and alternative fuels. He confirmed CCUS remains a mid-term lever but will only be deployed if it creates value, requiring significant subsidies for both CapEx and OpEx, as well as green premiums. He mentioned reviewing asset footprints in Europe and focusing decarbonization efforts on Europe and California.

Ana Schumacher questioned whether the industry is deprioritizing Carbon Capture, Utilization, and Storage (CCUS) and if CEMEX's CCUS schemes, such as Rutersdorf, might face delays, asking about the decision-making process for these projects.

Answer

CEO Jaime Muguiro clarified CEMEX's pragmatic decarbonization approach, prioritizing traditional levers first. He stated that CCUS remains a mid-term lever but will only be deployed if accretive to value creation, requiring significant subsidies and green premiums. He mentioned reviewing the asset footprint in Europe and focusing decarbonization efforts there and in California.