In March 2024, the U.S. Department of Energy (“DOE”)
announced its largest-ever investment in industrial
decarbonization. The $6 billion in available funds will be
divided among up to 33 projects chosen for award negotiations, and
it represents the federal government's most significant
effort to invest in, model, and decarbonize the country's
most energy-intensive sectors.
As part of the European Green Deal, by 2050, the cement sector
aims to achieve carbon neutrality along the full value chain—
clinker, cement, concrete, construction, and (re)carbonization. In
February 2024, the European Commission adopted an
Industrial Carbon Management Communication outlining the
Commission's ambitions for a strategy to boost the deployment
of technologies in the European Union that can capture, store,
transport, and use carbon dioxide (“CO2”) emissions
from industrial facilities.
