Vicat: Cancellation of funding for the Lebec Net Zero project

The U.S. Department of Energy (DOE) has announced the cancellation of the funding agreement for the Lebec Net Zero project. This project, supported by Vicat's U.S. subsidiary, National Cement Company of California Inc., focused on carbon capture and storage. This decision is associated with the DOE's termination of 24 other grant agreements. The initial agreement was signed on December 4, 2024.

The cancellation comes at an early stage of the project and does not affect Vicat's commitments to decarbonization. The group remains committed to reducing its CO2 emissions to 497 kg per tonne of cement by 2030, with a target of 430 kg in Europe. These planned reductions are based on conventional methods, without including CO2 capture or storage.