CEMEX Ventures invested in HiiROC, a clean hydrogen production startup, to continue its role as a pioneer in the adoption of hydrogen technology within the cement industry. The trailblazing company is backing the hydrogen production startup company as it develops a solution for hydrogen production without CO2 emissions.
HiiROC is based in the UK. The sustainable company uses thermal plasma electrolysis to transform biomethane, natural gas, and flare gas into hydrogen. The technology it developed produces clean hydrogen at a significantly lower cost than competing companies. In addition, HiiROC does so without emitting CO2. CEMEX aims to increase its hydrogen infection capacity in its cement operations through its partnership with the clean hydrogen production startup.
Clean Hydrogen Production Startups
CEMEX Invests in HiiROC's Clean Hydrogen Technology
Trend Themes
1. Clean Hydrogen Production - The adoption of clean hydrogen technology in industries such as cement presents disruptive innovation opportunities.
2. Sustainable Energy - Investing in sustainable energy startups like HiiROC can revolutionize traditional industries and contribute to a greener economy.
3. Thermal Plasma Electrolysis - The development and implementation of thermal plasma electrolysis technology in hydrogen production can lead to more cost-effective and eco-friendly options for businesses.
Industry Implications
1. Cement - Incorporating clean hydrogen technology into cement production can significantly reduce carbon emissions and create a more sustainable industry.
2. Energy - Investments in clean energy startups like HiiROC can diversify the energy industry and accelerate the transition to a low-carbon economy.
3. Chemical - The implementation of thermal plasma electrolysis in chemical production can lead to more sustainable and cost-effective practices for businesses in the industry.