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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.