Net Zero Industry Tracker 2024 Cement

CapitalCEMENT Investments required by the sector and enabled by the ecosystem FIGURE 52 Enabled by the ecosystem (around 31% of total investments)Investments by the sector (around 69% of investments)$1.42 trillion required in investment by 2050 Hydrogen, bioenergy and renewables CCUS Circularity and material efficiencySwitch production from fossil to renewable feedstock sources Invest in R&D for low-TRL technologies Retrofit legacy infrastructure Invest in CCUS and DAC technology Adopt SCMs for reducing clinker use production Scale circularity and materials recycling Adopt resource-efficient manufacturingDigitize the value chain and disclose key environmental system data Renewable electricity production Demand creation via offtake agreements Build CO2 capture plants Fast track critical innovations to commercial scale De-risk large-scale financial investmentThe cement industry will require additional capital investment of $1.42 trillion390 by 2050 to develop and implement low-emission technologies and infrastructure. Plant owners are responsible for the majority of this investment, with 69% of the total funding required for net-zero efforts coming from within the sector.391 Cement-making equipment is expected to account for 39% of the cumulative investment, followed by SCMs at 27%, underscoring the importance of reducing clinker use in cement production to lower emissions.392 Carbon capture equipment, a key technology for decarbonization, represents 22%393 of the capital outlay, illustrating its critical role in mitigating the sector’s substantial CO2 emissions.Outside the direct control of cement plant owners, other stakeholders will need to invest in infrastructure to support net-zero goals. This includes 18% of the investment going towards zero- emissions electricity generation, 13% for carbon capture, storage and transport infrastructure, and 1% for green hydrogen electrolysis capacity.394 These external investments are vital to enabling the cement industry’s transition, as clean energy and hydrogen will help reduce reliance on carbon- intensive fuels, while CCS technology will capture and store residual emissions. This highlights the collaborative effort required across the value chain to achieve net-zero in the cement sector. Source: Accenture analysis based on data from MPP . Net-Zero Industry Tracker: 2024 Edition 10