Finance

Vicat's Lebec Net Zero project cancelled by US Department of Energy

Published by Global Banking & Finance Review

Posted on June 3, 2025

1 min read

· Last updated: January 23, 2026

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(Reuters) - French cement maker Vicat on Tuesday said its funding agreement with the U.S. Department of Energy for the Lebec Net Zero project had been terminated. The decision is part of the DoE's

U.S. Department of Energy Cancels Vicat's Lebec Net Zero Project Funding

(Reuters) - French cement maker Vicat on Tuesday said its funding agreement with the U.S. Department of Energy for the Lebec Net Zero project had been terminated.

The decision is part of the DoE's broader announcement on Friday that it was terminating funding of 24 projects, totalling more than $3.7 billion.

(Reporting by Hugo Lhomedet in Gdansk, editing by Milla Nissi-Prussak)

Key Takeaways

  • Vicat's Lebec Net Zero project funding was cancelled.
  • The US Department of Energy terminated funding for 24 projects.
  • The total value of the cancelled projects is over $3.7 billion.
  • Vicat is a French cement maker affected by this decision.
  • The decision was part of a broader announcement by the DOE.

Frequently Asked Questions

What project funding was cancelled by the U.S. Department of Energy?
The U.S. Department of Energy terminated its funding agreement with French cement maker Vicat for the Lebec Net Zero project.
How many projects were affected by the DoE's funding termination?
The DoE announced the termination of funding for 24 projects, totaling more than $3.7 billion.
Who reported the cancellation of Vicat's project?
The cancellation was reported by Reuters, specifically by Hugo Lhomedet in Gdansk.

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