Cemex outlines plan to reduce CO2 emissions

Gonzalez

Cemex unveiled a new strategy outlining its vision to advance toward a carbon-neutral economy and address society’s increasing demands more efficiently.

“Climate change has been a priority for Cemex for many years,” says Fernando Gonzalez, CEO of Cemex. “Our efforts have brought significant progress to date, but we must do more. This is why we have defined a more ambitious strategy to reduce CO₂ emissions by 2030 and to deliver net-zero CO2 concrete by 2050.”

According to Cemex, climate change is “one of the biggest challenges of our time.” The company supports the urgency of collective action.

To date, Cemex says it has reduced its net specific CO2 emissions by more than 22 percent compared to its 1990 baseline. The company, however, acknowledges that it needs to do more.

To that end, Cemex has defined a more ambitious target of a 35 percent reduction of net specific CO2 emissions by 2030.

In a statement, Cemex adds that its “new net-zero CO2 concrete aspiration for 2050 sets us on a path of open innovation that requires strategic partnerships and cross-industry collaboration in the development of breakthrough technologies like carbon capture, utilization and storage; novel clinkers with low heat consumption, alternative decarbonated raw materials, carbonation of concrete waste for use as recycled aggregates, and the promotion of circular economy models that transform waste into fuel. Cemex currently consumes as either alternative fuel or alternative raw material 32 times more waste from other industries than the waste it generates and sends to landfill.”