CEMEX | April 19, 2022
CEMEX, S.A.B. de C.V. continues its path to a net-zero future by joining forces with integrated chemicals and energy company Sasol ecoFT and renewable energy company ENERTRAG in a milestone project that will combine CO2 with hydrogen to produce sustainable aviation fuel. This project is part of CEMEX's Future in Action program to reduce its carbon footprint and contribute to a circular economy and an integral component of CEMEX’s master plan to develop a carbon neutral operation at its Rüdersdorf cement plant by 2030.
The consortium will source green hydrogen generated exclusively from wind and solar energy from ENERTRAG. The CO2 will come from CEMEX’s Rüdersdorf cement plant in Germany, which will provide 100 tons of CO2 per day in the project’s initial stages. Sasol ecoFT will then contribute its innovative technology to produce e-kerosene, which, once certified, can be blended to constitute up to 50% of jet fuel.
“We are excited to be part of this groundbreaking project that will contribute to the decarbonization of two of the world’s key industries. The path to carbon neutrality will be built with innovation, and we remain committed to being at the forefront in developing new circular technologies and processes.”
Fernando A. Gonzalez, CEO of CEMEX
Sixty per cent of the carbon emissions in the cement production process come from the chemical reaction that occurs in cement kilns. To reach carbon neutrality, these emissions must be captured, stored, or repurposed in some way. CEMEX is leading the way in these technologies through partnerships with other industries, the work of its R&D center, and investments from its venture capital arm, CEMEX Ventures.
The Rüdersdorf carbon neutral alliance includes over 20 startups, universities, companies from other industries, and authorities working to develop industrial-scale solutions using leading-edge technologies to achieve the first carbon-neutral cement plant in the world.
ENERTRAG is a renewable-energy company based in Brandenburg, Germany. ENERTRAG develops, builds, owns, and operates utility-scale integrated energy plants in ten countries globally. ENERTRAG’s plants produce reliable electricity and green hydrogen exclusively from wind and sun. This is also the company’s role in the Concrete Chemicals consortium.
About Sasol ecoFT
Sasol ecoFT is part of the Sasol Group and world-leader in the development and application of the Fischer-Tropsch (FT) technology with more than 70 years’ experience. Sasol ecoFT leverages it proprietary technology, know-how and expertise to produce sustainable fuels and chemicals from green hydrogen and sustainable carbon sources, via the Power-to-Liquids (PtL) process. By deploying sustainable FT solutions globally, the company contributes to a thriving planet, society, enterprise and innovate for a better world.
CEMEX is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies.
Blue Ridge Bankshares, Inc. | April 23, 2022
Blue Ridge Bankshares, Inc. the holding company of Blue Ridge Bank, N.A. and BRB Financial Group, Inc., announced in celebration of Earth Day that the Company intends to phase out single-use plastics as part of its commitment to carbon neutrality by 2040. This policy will transition the Company away from single-use plastic items such as beverage bottles, utensils, straws, food service ware, and other materials by the end of 2024.
The major initiative demonstrates the Company's commitment to become an impactful environmental leader in the financial industry as it continues to implement its environmental, social and governance efforts. The Company also launched an internal campaign to boost its recycling efforts.
The Bank is one of only nine in the United States and the first in Virginia to commit to environmental sustainability through the Net-Zero Banking Alliance. The NZBA is an industry-led, UN-convened alliance of banks worldwide, committed to aligning lending and investment portfolios with net-zero emissions.
"Plastic consumption and waste have a meaningful and sustained negative impact on our environment. Phasing out single-use plastics and strengthening our recycling efforts is a quick way to establish an important win as we continue elevating our carbon-reduction work. We are committed to continued adaptation, innovation, and improvement of business practices to attain our carbon-reduction efforts on, and hopefully before, schedule."
Brian K. Plum, President and Chief Executive Officer of the Company
The Bank partnered with ChargePoint, the world's largest electric vehicle charging network, to install two electric vehicle charging stations in the greater Richmond region. The Bank is participating in ChargePoint's Smart Charging Infrastructure Pilot Program (SCIP), which supports EV adoption in Virginia.
The Bank was named the "Best Small Bank in Virginia" in Newsweek's ranking of America's Best Banks 2022. Newsweek's ranking recognizes the financial institutions that best serve their customers' needs in each state. The Bank was recognized as the #1 small bank in Virginia. Additionally, the Bank recently received a 5-star rating from Bauer Financial, the nation's leading independent bank rating firm. The 5-star rating denotes a "Superior" rating.
About Blue Ridge Bankshares, Inc.
Blue Ridge Bankshares, Inc. is the holding company for Blue Ridge Bank, National Association. The Company, through its subsidiaries and affiliates, provides a wide range of financial services including retail and commercial banking, insurance, card payments, wholesale and retail mortgage lending, and government-guaranteed lending. The Company also provides investment and wealth management services and management services for personal and corporate trusts, including estate planning, and trust administration.
XENDEE Corporation and Idaho National Laboratory | January 15, 2022
XENDEE Corporation and Idaho National Laboratory have partnered to build a design platform for Net-Zero Carbon Microgrids. The platform will consider a wide variety of distributed energy and sustainable technologies, including solar photovoltaic, battery storage, electric vehicle fast-charging stations, hydrokinetic power, hydro-storage, traditional combined heat and power systems, and small nuclear reactors to optimize Microgrid designs and minimize environmental impacts while also capturing the best return on investment.
Essential to the development of the program was also a strong emphasis on greenhouse gas reductions, since as it stands, traditional generators running on fossil fuels still make up the backbone of most Microgrid implementations.
The Net-Zero Carbon platform is based on XENDEE’s Microgrid design and operation software, which will act as the optimization engine, power flow simulation tool, and cloud-based Microgrid operator. XENDEE calculates the optimal time to make investment decisions, accounts for year over year changes in the financial and technological environment and can simulate the operation of the Microgrid at peak efficiency to meet organizational goals and resiliency requirements.
“Net-Zero Carbon Microgrids offer an exceptional solution to large public and private energy consumers, lifting the burden of centralized distribution, ensuring long-term energy security, and specifically addressing greenhouse gases as a priority parameter for technical design,”
Michael Stadler, CTO of XENDEE
As part of INL’s pre-project research, 25 functional requirements were identified as necessary for developing a Net Zero Carbon Microgrid Planning and Design Tool.
INL performed extensive pre-procurement market research and XENDEE was identified as the only solution with a comprehensive platform that met all the 25 requirements. XENDEE was also the only platform that offered integrated modeling for greenhouse gas emissions, which was vital to addressing carbon emissions as an essential part of the design process.
“XENDEE offered a single comprehensive tool for Microgrid design and modeling that efficiently optimizes design and investment, power flow simulations, and organizational goals to meet resiliency requirements and cost efficiency,” said Tim McJunkin, Ph.D., Distinguished Researcher in Power and Energy Systems. “Additionally, with modeling considerations for greenhouse gas emissions and a variety of energy generation technologies, we can harness a variety of solutions to offer sustainability without sacrificing resiliency and energy security. This is why we selected XENDEE, and now we are partnering with XENDEE.”
As part of this partnership, XENDEE will also be enhancing its software to model small modular nuclear reactors.
“With the ever-increasing demands on regional utilities, aging infrastructure, and rising fuel costs, Microgrids have a unique opportunity to meet the challenges of climate change and contribute to a carbon-free power delivery system without overburdening energy markets and consumers,” said Ning Kang, Ph.D., Department Manager of Power and Energy Systems at INL. “The addition of small nuclear reactor technology can offer a unique zero-carbon solution while also meeting the load requirements of large industrial facilities and military bases.”
To fully realize the new Net-Zero Carbon design tool for microgrids, INL and XENDEE will build upon the XENDEE platform to standardize design, research, investment, and decision support. XENDEE will also provide advanced training and continued project and feature support, including new technologies, as INL continues to verify the design tool through their Hardware-in-the-Loop system and perform onsite verification through public and private participants. INL’s technical report on Net-Zero Microgrids is available on the U.S. Department of Energy Office of Scientific and Technical Information website.
XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the Fight-Through™ resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience, from business decision-makers to scientists, to support investments in Microgrids and maintain electric power reliability when integrating renewable generation sources.
About Idaho National Laboratory
Battelle Energy Alliance manages INL for the U.S. Department of Energy’s Office of Nuclear Energy. INL is the nation’s center for nuclear energy research and development, and also performs research in each of DOE’s strategic goal areas: energy, national security, science and the environment.
Invert Inc. | March 04, 2022
Invert Inc. a specialized carbon emissions reduction and offsetting company, is pleased to announce that it has expanded its team to add new carbon project expertise and IT development leadership.
Joining the team as Head of Carbon Forestry is Matt Delaney. Matt is a forester specializing in carbon projects and has over 20 years of experience in forest carbon methodology development, forest inventory techniques, and carbon markets. He has been part of the successful implementation of carbon projects on over two million acres of land. Matt is co-author of an IFM carbon methodology under the American Carbon Registry and is currently part of a team writing a biochar carbon methodology for Verra, one of the leading carbon credit standard agencies. As Head of Carbon Forestry at Invert, he will evaluate and complete due diligence on forest carbon project opportunities including IFM, REDD+, and reforestation projects globally. He will also identify new opportunities in the carbon offset and removal sector and assist in developing new carbon methodologies.
Also joining the team is Chris Heider, as Head of Blue Carbon. Chris will oversee project diligence and structuring for carbon sequestration and avoidance projects that specifically relate to coastal and marine ecosystems. He is an ecosystem ecologist with a strong background in quantifying and designing nature-based solutions to climate change in countries with low or limited capacity. Chris has over 25 years of experience consulting for global and regional organizations in the Asia-Pacific and Latin America Regions, as well as numerous private sector clients. Chris has conducted assessments and designed projects in over 20 jurisdictions around the world, covering projects of all forms including forest management, reforestation, evaluation of carbon stocks in mangrove, coastal communities, upland forests, wetlands and grasslands.
Chris and Matt join an existing leadership team with significant expertise in carbon credit markets, including Gabe Sheets-Poling (former Managing Director at Cargill Inc. and Sr. VP at Indigo Ag.) and Adam Shedletzky (former Senior Adviser to the Minister of Environment & Climate Change and Premier of Ontario).
“Chris and Matt are both seasoned leaders in on-the-ground assessment and structuring of carbon credit generation projects. With their addition to Invert, we have further strengthened the carbon credit team with decades of experience across forestry, blue carbon, regenerative agriculture and technology-related projects.”
Andre Fernandez, Co-CEO, Invert
Also joining the Invert leadership team as Head of IT and Technical Development is Ru Wadasinghe. With over 30 years of technology experience, Ru is the former Chief Information Officer of Canopy Growth Corporation, CIO and VP of Professional Services at March Networks and spent 20 years at Nortel, where he held leadership positions in product management, operations and IT. Ru holds an Engineering degree from Carleton University and an MBA from the University of Ottawa. Ru was awarded a U.S. patent in Internet networking and was recognized as one of Canada’s Top 19 Technology Titans for 2019.
“At Invert we are leveraging our financing of carbon reduction and sequestration projects, to develop a platform that enables individuals the opportunity to support carbon credit projects,” said Rade Kovacevic, Co-CEO. “Adding Ru’s immense technical background to the Company will be invaluable as we continue to advance our software platform to support our mission.”
Invert invests in carbon credit projects that produce high quality, meaningful carbon reduction and removal credits that we believe will help save our world. We believe in making access to carbon reduction and removal projects available to individuals and businesses both big and small.