PCC Hydrogen Signs Memorandum of Understanding with Summit Materials to Explore Collaborative Opportunities to Lower Carbon Emissions

Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” “Summit Inc.” or the “Company”), a leading vertically integrated construction materials solutions provider, in partnership with its subsidiary Continental Cement Company, L.L.C. (“Continental Cement,” “CCC”), entered into a Memorandum of Understanding (“MoU”) with PCC Hydrogen, Inc. (“PCCH2”), a producer of negative carbon intensity hydrogen. The MoU establishes a formal strategic alliance between Summit and PCCH2 to develop a fuel replacement strategy to lower carbon emissions from its cement manufacturing process.

The project aims to deploy negative carbon intensity hydrogen derived from ethanol as a replacement fuel for the existing hydrocarbon fuels used as a source of heat in the cement manufacturing process. Continental Cement will provide its expertise related to the use of alternative fuels in the cement production process, while PCCH2 will develop a plan for the construction of one of its hydrogen production facilities to support the hydrogen needs resulting from the collaboration. It is the first MoU of its kind signed by Continental Cement and represents another positive step toward its efforts related to decarbonizing cement production.

“Continental Cement has a longstanding commitment to environmental stewardship, seeking out opportunities to develop innovative practices and differentiated solutions to build a better tomorrow,” said David Loomes, President at Continental Cement. “Our company has signed on to the Portland Cement Association’s (PCA) Roadmap to Carbon Neutrality, a goal of achieving carbon neutrality across the value chain by 2050. By coupling PCCH2’s hydrogen production process with our cement manufacturing know-how, we are taking a bold stride towards achieving that goal while continuing the push to cost-effective decarbonization of cement manufacturing.”

Using ethanol as a feed source and by capturing the pure CO2 byproduct of the hydrogen manufacturing process, PCCH2 can deliver high purity, negative carbon green hydrogen to fuel Continental Cement’s manufacturing process resulting in optimal efficiency and thermal stability. Green hydrogen is one of the most attractive means to mitigate CO2 in industrial applications and ultimately to get closer to net zero CO2 emissions.

“We couldn’t have found a better partner to explore innovative ways to decarbonize cement manufacturing, the backbone of our economy,” said Timothy Fogarty, CEO at PCCH2. “Continental Cement is an industry leader with over a century of operational history and is already evidencing its commitment to the environment through its subsidiary Green America Recycling, LLC. We are excited to help fulfill that commitment with our negative carbon intensity hydrogen providing a new avenue to decarbonization.”

“We couldn’t have found a better partner to explore innovative ways to decarbonize cement manufacturing, the backbone of our economy.”

Timothy Fogarty, CEO at PCCH2

Working closely with Green America Recycling, Continental Cement is championing several sustainability initiatives, adopting new technologies and cutting-edge approaches to address climate change, while delivering social, environmental and economic benefits.

“Hydrogen represents a promising pathway for decarbonizing cement manufacturing. We are excited to partner with PCC Hydrogen to explore how to deliver on that promise.” Loomes concludes.

About Summit Materials

Summit Materials is a leading vertically integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia, Canada. Summit is a geographically diverse, materials-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and nonresidential end markets. Summit has a strong track record of successful acquisitions since its founding and continues to pursue growth opportunities in new and existing markets. Visit summit-materials.com and connect with Summit on Facebook, Instagram, LinkedIn and Twitter.

About Continental Cement Company, L.L.C.

Continental Cement Company, L.L.C. (“Continental Cement”) is a leading provider of cement based in Chesterfield, MO with plants in Hannibal, MO and Davenport, IA and nine distribution terminals along the Mississippi River between Minneapolis, MN and New Orleans, LA. Continental Cement has built its business on consistent quality, superior service, and delivering a great experience since they began production cement at their Hannibal location in 1903. The Company provides high quality cement for projects along the Mississippi corridor and is a an indirect wholly-owned subsidiary of Summit Materials, Inc.

About PCC Hydrogen, Inc.

PCC Hydrogen has developed a groundbreaking method to produce hydrogen from ethanol and other renewable fuels in a distributed and cost-competitive way. This innovative patented process also allows for easy capture of pure CO2 byproduct gas for sequestration, enabling production of negative carbon intensity hydrogen.

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