Cemex Ventures, Cemex’s corporate venture capital (CVC) and open innovation unit has increased their investment in HiiROC after an initial investment in 2022.

Cemex intends to initially inject hydrogen at its crucial Rugby, United Kingdom cement plant and eventually expand HiiROC’s technology across its EMEAA operations.

Tim Davies, HiiROC’s Co-Founder and CEO, said:

“We are so excited to continue this partnership with Cemex and have the opportunity contribute to the decarbonization of the cement sector and the construction industry more broadly.  Our solution is very versatile, scalable, and efficient, and we are confident that our proprietary technology can significantly slash CO2 emissions.”

With Cemex’s increased investment in HiiROC, they are positioned as leaders in the use of hydrogen in the cement sector and will continue to look for ways to deploy hydrogen at scale. Cemex is planning a large-scale deployment of HiiROC’s thermal plasma technology to reduce their consumption of fossil fuels and decarbonize their operations, fundamental objectives of its Future in Action sustainability program.

Cemex’s end-products are among the most used man-made materials in the world and play an essential role in the development of societies and the built environment. The company is on a clear path to contribute to climate change mitigation and the reduction of CO2 emissions and HiiROC is delighted to be on this journey with them.

About HiiROC

HiiROC has developed a new, proprietary process for generating affordable, zero-emission hydrogen: Thermal Plasma Electrolysis (TPE). Using a fraction of the electricity and cost of water electrolysis, TPE produces valuable, high-energy hydrogen and inert, solid carbon black, without the creation of CO2. The technology can also be used to mitigate flare and waste gases, as well as support removal of atmospheric CO2 using biomethane. Founded in 2019, HiiROC has established development facilities in Hull, commercial offices in the south of England, and a research lab in Europe. The firm has raised over £30m from investors including Melrose, Wintershall Dea, Centrica, HydrogenOne, Hyundai, CEMEX and Kia. The versatile technology is being demonstrated in 2023 through pilots and projects across the spectrum of hydrogen applications from industrial decarbonisation to energy management to transport.

About Cemex Ventures

Launched in 2017, Cemex Ventures focuses on helping overcome the main challenges and capitalizing on the opportunity areas in the construction ecosystem through solutions that consider sustainability. Cemex Ventures has developed an open collaborative platform to lead the revolution of the construction industry, engaging startups, entrepreneurs, universities, and other stakeholders to tackle the challenges in the construction environment and shape the industry’s future. For more information on Cemex Ventures, please visit: www.cemexventures.com 

About Cemex

Cemex 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

For further details please contact:
Matthew Jervois, Montfort Communications
E: jervois@montfort.london
T: 07717 857 736