Cement Council Partners TraceXero for Carbon Capture Tech; EU Carbon Tax Looms

• National Council for Cement (NCB) collaborates with TraceXero Technologies to advance carbon capture and utilisation (CCU) in the cement sector.
• TraceXero's technology captures CO2 using a proprietary solvent, converting it into valuable graphitic carbon and graphene.
• The cement industry, a major CO2 emitter, sees CCU as crucial for achieving Net Zero goals.
• The move comes as the European Union's Carbon Border Adjustment Mechanism (CBAM) imposes carbon taxes, impacting Indian exporters.
• Anup Garg of WOCE highlights CBAM's challenge for Indian steel, urging a national compliance program and accelerated decarbonisation.