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Cemex S.A.B. de C.V. issues company news about its global construction materials business, including cement, ready-mix concrete, aggregates, urbanization solutions, and related services across Mexico, the United States, EMEA, and South, Central America and the Caribbean.
Recurring updates cover operating and financial results, material agreements, capital-structure matters, shareholder votes, governance, and senior leadership changes. Company news also addresses sustainability reporting, climate disclosure, circular-economy initiatives, alternative raw materials and energy use, and decarbonization technologies such as concentrated solar power for clinker production.
CEMEX has announced a commitment to achieve net-zero CO2 emissions by 2050, submitting its Future in Action roadmap to the Science Based Targets initiative for validation. The company aims to align with a more ambitious 1.5º C scenario, moving beyond its previous 2º C goals. CEMEX plans to establish targets for scope 3 emissions and promote its Vertua product line, which includes lower-carbon solutions. The firm emphasizes innovation and sustainability as key components of its strategy in the construction materials industry.
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CEMEX has announced the addition of nearly 200 natural gas-powered trucks to its fleet, part of its commitment to decarbonize and achieve net-zero emissions by 2050. This initiative, under the Future in Action program, will replace diesel trucks, reducing carbon emissions by approximately 25%. The trucks are predominantly located in Mexico, with some in Southern California and Colombia. CEMEX aims to lower transport carbon emissions by 20% by 2030, and is collaborating with partners on innovative zero-emission technologies.
CEMEX has partnered with Advent International to enhance the growth of NEORIS, a tech consultancy firm. Advent will acquire a 65% stake in NEORIS, with CEMEX retaining 35%. This strategic partnership aims to bolster NEORIS's capabilities in digital transformation areas such as artificial intelligence and cloud solutions, thereby improving the customer experience at CEMEX. The partnership is expected to finalize in the second half of 2022, pending approvals from antitrust authorities.
CEMEX, through its subsidiary Pro Ambiente, participated in the "United for the Mexican Beaches" initiative, conducting a beach cleanup at La Ventanilla Beach in Oaxaca. In June, volunteers collected over 50,000 plastic bottles along a five-kilometer stretch of coastline, promoting both ecological health and recycling efforts. The collected waste will be treated for energy recycling in a CEMEX cement kiln, contributing to carbon emission reductions. Pro Ambiente aims to enhance waste management and support a circular economy, aligning with CEMEX's commitment to achieving net-zero carbon emissions by 2050.
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CEMEX recently inaugurated the Carbon Neutral Alliance, aiming to transform its Rüdersdorf plant into the first carbon-neutral cement facility by 2030. This initiative is part of CEMEX's broader climate action program, Future in Action, which targets a 40% reduction in carbon emissions worldwide by 2030 and 55% in Europe, aligning with EU goals. The alliance includes over 20 partners focusing on innovative technologies, including waste heat recovery and sustainable aviation fuel production, reinforcing CEMEX's commitment to decarbonization.
CEMEX has inaugurated its Climafuel facility at the Rugby cement plant in the UK, a key investment aimed at eliminating fossil fuel usage and transitioning to 100% alternative fuels. This facility is projected to save carbon emissions equivalent to over 135,000 cars annually. CEMEX leads with a goal of 55% emissions reduction in Europe by 2030, and is on track for a 40% reduction this year. The investment aligns with the company’s Future in Action strategy to achieve net-zero CO2 concrete by 2050.
CEMEX, a leader in construction materials, has set an ambitious target to achieve over 50% of its cement and concrete sales from Vertua low-carbon products by 2025. This initiative aims to support the transition towards a net-zero carbon future, with Vertua products showing a CO2 reduction of at least 25% compared to traditional options. The company's products have seen significant global adoption, accounting for 34% of cement sales in Q1 2022, almost doubling year-over-year. CEMEX emphasizes its commitment to sustainability and the circular economy.
CEMEX has announced a breakthrough in converting CO2 emissions into carbon nanomaterials, becoming the first in the cement industry to employ this technology. The process, achieving a 50% carbon conversion rate in lab tests, offers potential applications across various sectors, including electronics and biomedicine. This innovation, part of CEMEX's Future in Action decarbonization initiative, underscores their commitment to achieving carbon neutrality and enhancing sustainable practices within the construction industry.