CEMEX Inc., (CX) Tuesday said that the U.S. Department of Energy has selected it to develop technology for capturing and storing carbon dioxide emissions at one of CEMEX's U.S. cement plants. CEMEX would work with RTI International and others to design a dry sorbent CO2 capture and compression system, a pipeline, and an injection station. The commercial-scale Carbon Capture and Sequestration demonstration project may remove up to 1 million tons of CO2 annually. The CCS projects are a cost-shared collaboration between the government and private industry to increase investment in clean industrial technologies and sequestration projects. The DOE would provide $1.14 million and CEMEX USA will provide 20 percent of the funding for Phase I of its project.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.