Published by Todd Bush on May 17, 2023
WASHINGTON, May 16, 2023 /PRNewswire/ -- Member companies of the Portland Cement Association (PCA), which represents the majority of U.S. cement manufacturers, will meet with Congressional offices and federal agencies in Washington today to detail vital policy steps for the cement industry to continue cutting long-term CO2 emissions.
The timely visit comes as the Infrastructure Investment and Jobs Act (IIJA) starts to gather on-the-ground momentum and the Inflation Reduction Act (IRA) finds itself under Congressional scrutiny. It also takes place as the industry enters the second year of implementing PCA's Roadmap to Carbon Neutrality which provides a broad suite of actions and options – many of which need policy support – for the entire cement-concrete-construction value chain to reach net zero.
>> In Other News: Truterra Pays Over $9 million to Farmers for Sequestering 462,000 Metric Tons of Carbon in First Two Years of Program
Among the Roadmap's recommendations, PCA and its members will call on Congress and federal agencies to:
Mike Ireland, President and CEO of PCA, said, "By passing landmark legislation like the Bipartisan Infrastructure Law and the Inflation Reduction Act, Congress has placed cement at the heart of its long-term climate and infrastructure ambitions. These goals cannot be reached without carbon neutral cement, but the industry cannot reach carbon neutrality without help from Congress. The industry needs the right policies, from permitting reform to carbon capture funding, that will allow it to become more sustainable. Our success is their success, and we look forward to working together to make that happen."
Concrete, made with cement, is central to the American built environment, with around 260 million cubic yards of concrete used in the United States each year. The cement, concrete and related industries directly and indirectly employ nearly 600,000 people and contributes more than $130-billion to the U.S. economy every year. The need to cut further emissions from the construction sector is becoming more acute, as the IIJA will add another 46 million tons of cement through new, federally funded infrastructure projects that have sustainability as a core concern.
While the cement industry has already cut its emissions to the point where it represents just 1.25 percent of U.S. CO2 emissions today, PCA continues to educate Congress and federal agencies on how the entire value chain can reach carbon neutrality—reducing emissions even as demand increases.
For more information about PCA and the industry's sustainability efforts, visit www.cement.org and www.shapedbyconcrete.com.
The Portland Cement Association (PCA), founded in 1916, is the premier policy, research, education, and market intelligence organization serving America's cement manufacturers. PCA supports sustainability, innovation, and safety while fostering continuous improvement in cement manufacturing, distribution, infrastructure, and economic growth. For more information, visit www.cement.org.
SOURCE Portland Cement Association
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🚢 World’s First Ship With Full Carbon Capture & Storage System Ready For Pilot Testing 💰 DOE Invests Nearly $14 Million To Develop Carbon Conversion Pathways 🔬 DOE Invests $1...
Inside This Issue 🔋 Plug Closes Loan Guarantee from the U.S. Department of Energy 🗺️ USGS Releases First-ever Map of Potential for Geologic Hydrogen in U.S. 🌎 Constellation to Acquire Calpine; Cre...
Inside This Issue 🌍 Plug Seals Monumental Deal with Allied Green Ammonia for a Mega 3 GW Electrolyzer System 💰 DOE Invests $101 Million to Establish Carbon Capture, Removal, and Conversion Test Ce...
The Series B Funding round is co-led by Hy24 and SC Net Zero Ventures who are joined by Breakthrough Energy Ventures, Enagas Emprende, Equinor Ventures, Exergon, Ezten, and MassMutal Ventures. The...
Orennia Completes Series C Funding Led by Decarbonization Partners
CALGARY, Alberta, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Orennia Inc. today announced the closing of its Series C growth financing, led by Decarbonization Partners, a partnership between BlackRock and T...
WASHINGTON, D.C. — The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced $45 million in federal funding for six projects to create regional cons...
The cost of building new renewable energy plants is now cheaper than operating existing fossil fuel plants globally and exciting opportunities exist for global decarbonization involving hydrogen S...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.