CEMEX, S.A.B. The updated 2030 target is a milestone to support Cemex's new 2050 target to reach net-zero operations and produce only net-zero concrete. Carbon Clean developed a novel technology (CycloneCC), which can efficiently and cost-efficiently capture CO2 from industrial processes. Companies have several options to decarbonize cement. Our goal is to build a resilient ecosystem around the entire value chain of a construction project, by means of decarbonizing the built environment through the mitigation of CO2 footprints and giving a new chance to used and demolished . The record-breaking CO2 reduction we achieved through Future in Action in the past 18 months gives us confidence that a more accelerated pathway for 2030 is possible. For this, we added sustainability as a subdivision in our Top 50 Contech Startups of 2020 to highlight those startups who have very promising projects that tackle this issue. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. "Cemex is taking a leading role in decarbonizing the global cement industry, setting a fast pace of progress in all regions, including Mexico and Latin America," observes bp Senior Vice President for Latin America Angelica Ruiz. Decarbonization is the term used for removal or reduction of carbon dioxide output of a country's economy. Stock Titan. CEMEX greets you on the occasion of Al-Mawled Al-Nabawi. CEMEX, S.A.B. The Climate Action Tracker released on May 2021 demonstrates that with the current policies enforced in major countries, the Earths temperature could see a 2.9C increase by 2100. Decarbonization, more than a trend, is also part of our responsibility. Decrease the amount of waste deposited in landfills. Nonetheless, the industry could reduce its 2017-level emissions by more than three-quarters by 2050. John Milko, Policy Advisor for Climate and Energy Program, Third Way. CDP also recently awarded CEMEX and HeidelbergCement its highest rating for climate action leadership, including the companies in its prestigious 'A List.' Both companies were also recognized for their efforts to ensure water security in the world. As the eyes of the CEMEX on the outside, its our duty to be on top of the latest trends in the construction industry. Together we are working to fight one of the biggest threats the sector has endured in the recent years, and we are confident that the work we are doing will garner benefits that will benefit CEMEX, our clients, and the industry. We believe that its all about identifying the industrys pain points and finding ways to solve them by using new technologies and alternative ways to approach them expressed Gonzalo Galindo, Head of CEMEX Ventures. The record-breaking CO2reduction we achieved through Future in Action in the past 18 months gives us confidence that a more accelerated pathway for 2030 is possible. Why? Company commits to most ambitious decarbonization pathway in building materials industry. CO2 emissions stem from the burning of fossil fuels, going public in the NYSE through a PIPE agreement, Carbon Capture, Use and Storage (CCUS): CEMEX actively participates in various R&D collaborative efforts with different sectors. Future in Action concentrates on maximizing four levers to reduce our carbon emissions, and achieve our 2030 goals: Alternative fuels can eliminate our reliance on fossil fuels, powering our kilns while also providing other benefits for the environment. Huwag pansinin. It is the first company in the cement industry to introduce this technology, which could be a game-changer . de C.V. ("CEMEX") announced today that CEMEX Ventures, its corporate venture capital and open innovation unit, is increasing its investment in Carbon Clean. Cemex was also present at the SDG Investment Forum organized by the UNGC's CFO Coalition. The Environmental Defense Fund states that decarbonizing heavy industry is difficult because its direct emissions are the byproducts of chemical reactions or related to processes that require very high heat or fossil fuels. CEMEX recently announced it is increasing its already ambitious target to reduce CO2 emissions: Goal is to reduce carbon emissions in cement business to 40% by 2030 when compared to 1990 emission levels Working toward delivering net-zero CO2 concrete globally by 2050 CEMEX is going the extra mile with the deep decarbonization mission of their operation, as concrete plays a fundamental role in the transformation that the built ecosystem requires to mitigate climate change. CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CO2 emissions stem from the burning of fossil fuels (coal, natural gas, and oil), solid waste, trees, and other biological materials, as well as a result from certain chemical reaction, like the manufacturing of cement. CEMEX, S.A.B. bp and CEMEX have agreed to a memorandum of understanding to develop solutions to decarbonize the cement production process and transportation. Minimizing public investment costs for new waste facilities. CEMEX S.A.B. CEMEX, S.A.B. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. , as most of its CO2 emissions result from the cement manufacturing and the unavoidable chemical process known as calcination. Any country's total emissions from energy (CO 2) is the product of four terms: (1) total population (Pop), (2) GDP per capita, (3) energy intensity of the economy (which is total energy divided by GDP), and (4) carbon intensity of energy (emissions per unit energy). These industries represent approximately 51% of energy-related CO 2 emissions . de C.V. ("CEMEX") (NYSE: CX) announced today that the Carbon Trust has validated its roadmap to decarbonize global operations in line with the Sectoral Decarbonization Approach (SDA) 2-degree scenario (2DS) developed by [] By Anthony Harrup. More so, we are working with them and other partners from across the entire construction value chain to really foster change, not just in the area that affects CEMEX, but every other player as well he added. For more information, please visit: cemex.com. CEMEX commits to the most ambitious decarbonization pathway in the building materials industry. It is committed to having the most ambitious decarbonization pathway in the building materials industry. CEMEX, S.A.B. The goal of this breakthrough scalable modular technology is to provide carbon capture at a 10 times smaller installation footprint and 6 times shorter build time, adding up to 50% savings in capital expenditures associated with carbon capture. CEMEX Ventures is the Corporate Venture Capital of CEMEX. Hence, if the characteristics of carbon-intensive industrial products change, the specifications associated with building codes and standards may need to change as well, especially if changes imply a modification of the physical properties of common building materials. CEMEX commits to the most ambitious decarbonization pathway in the building materials industry. If were unable to reduce our emissions, scientists believe that climate change could lead to an increase in fatalities around the globe every year, and force 100 million people into poverty by 2030. de C.V. announced that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO2 roadmap and its 2030 decarbonization goals to align with their recently announced 1.5 C scenario. CEMEX, Synhelion Use Solar Energy to Decarbonize Cement 2 years ago Josephine Patterson CEMEX and Switzerland-based Synhelion developed an innovative technology that undertakes the elimination of the carbon footprint in cement by using solar energy to drive the manufacturing process. of our plants co-processed close to 3.3 million tons of waste as alternative fuels. CEMEX, S.A.B. Barriers to Industrial Decarbonization While Fig. CEMEX has successfully converted CO2 into carbon nanomaterials in a laboratory setting. Huwag pansinin. CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5 C Scenario. The waste heat recovery facility in our Solid Cement plant is helping accelerate our #decarbonization efforts, leading to our ultimate objective of becoming a netzero company by 2050. CEMEX commits to the most ambitious decarbonization pathway in the building materials industry. In fact, most direct CO2 emissions in the cement production process are generated by the chemical reaction of clinker production in our kilns. The company is advancing in the progress of cutting-edge research and developing technologies and construction solutions that contribute to the mitigation of CO2 emissions, enhance energy efficiency of buildings, improve the resiliency of structures, intensifies long-lasting structures and the maximizes resources by circulating products, components, and materials in use at the highest possible levels always. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near Monterrey, Mexico.It manufactures and distributes cement, ready-mix concrete and aggregates in more than 50 countries. CEMEX 1y I-ulat ang post na ito The American bison herd is growing at El Carmen Nature Reserve, where it has gone from the initial 19 bison to now . Carbon dioxide is removed from the atmosphere (or sequestered) when it is absorbed by plants as part of the biological carbon cycle. de C.V.(' CEMEX ') announced today that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO2 roadmap and its 2030 decarbonization goals to align with their recently announced 1.5 c scenario. With this, CEMEX is committed to having the most ambitious decarbonization pathway in the building materials industry. Deep decarbonization of the industries is key to the efforts being done worldwide to limit the global temperature increase in this century to 2 degrees Celsius above preindustrial levels, while pursuing the means to limit the increase to 1.5 degrees. CEMEX has submitted its Future in Action commitment to reach net-zero CO2 by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5 scenario. We adapt to new realities and seize emerging opportunities. CEMEXs nature reserve. There are four main benefits of co-processing for climate action: 01 Reduction of CO 2 emissions in our cement manufacturing process. Waste from other industries and alternative raw materials allow us to reduce the clinker factor while maintaining the same quality and durability of our products. Economist and former Chief Economist, CEMEX. This website uses cookies to deliver you a better experience. Cement producers face a challenge like no other, and the moment to act has come upon us. CEMEX is taking a leading role in decarbonizing the global cement industry, setting a fast pace of progress in all regions, including Mexico and Latin America. By partnering and investing in startups who are developing innovative technologies that can help decarbonize the industry, not only in the cement production but also in the materials delivery and construction process, we make true to our claim Fostering the construction revolution. Any or all of CEMEXs forward-looking statements may turn out to be inaccurate. We are keenly aware of the role that our industry must play in the race to zero and are committed to continue leading in this challenge.. September 30, 2022 | seekingalpha.com . It is now time for industry leading companies to act and guide the efforts or decarbonization to guarantee a better future for the coming generations. Speakers: Manuel Balmaseda, CBE, Ph.D. It is committed to having the most ambitious decarbonization pathway in the building materials industry. ; MONTERREY, Mexico--(BUSINESS WIRE)--Oct. 6, 2022-- CEMEX, S.A.B. Please check our, Code of Conduct when doing business with us. Wallex, the Spanish Joint Venture created between CEMEX Ventures and Grupo Avintia, is an offsite, sustainable, and high-quality industrialized construction system that knows no limits on innovation and architectural design and allows for the reduction of delivery times and professionalization of the workforce. At the event, Cemex's CFO, Maher Al-Haffar, spoke about Cemex's decarbonization pathway, the experience of aligning its investments to the SDGs, and the innovations required to deliver only net-zero concrete by 2050. With receipt of validation, CEMEX will continue to have the most ambitious decarbonization pathway in the cement concrete sector. Clean Steel and Cement Decarbonization Webinar. Decarbonization Plus Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. 1 indicates potential GHG reductions via the three decarbonization pillars, the road to net-zero is cluttered with barriers (sector specific and crosscutting) - that will need to be addressed. By 2050, in several scenarios over 90% of cement plants incorporate carbon capture with up to 120Mt CO2 captured. One of the key requirements to reach the SBTis Net-Zero Standard is aggressive carbon reductions across a companys entire value chain, including those produced by their own processes (scope 1), purchased electricity and heat (scope 2), and generated by a companys suppliers and end-users (scope 3). Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und seine Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. Our collaboration with CEMEX is. Newly Updated for 2022! Our CO2 emissions have declined more than 4% year-to-date and. Future in Action starts in our operations. de C.V. was founded in 1906 and is headquartered in San Pedro Garza Garca, Mexico. LinkedIn. We also had to balance the aspirations of government and industry by developing low-carbon roadmaps that could maintain industrial competitiveness. A report published by the United National Environment Programme (UNEP) identified these six industries as the most carbon-intensive sectors: According to Neal Ellliott, Senior Director at Research American Council for an Energy-Efficient Economy, decarbonizing industry will demand a mix of policies and technologies, ranging from tax incentives and carbon pricing to electrification, low-carbon fuels and carbon capture and use. Optimistically, our analyses show that CO 2 emissions could be reduced by 75 percent by 2050 (Exhibit 3). CEMEX has submitted its Future in Action commitment to reach net-zero CO 2 by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5 scenario. Sales rose 8% in the U.S. on flat cement volume and 4% growth in ready-mix, while pricing rose 6% and 5%, respectively. BETA. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Exhibit 3 CEMEX is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO2roadmap and its 2030 decarbonization goals to align with the latters recently announced 1.5 C scenario. To achieve decarbonization, all aspects of the economy must changefrom how energy is generated, and how we produce and deliver goods and services, to how lands are managed . CEMEX has submitted its Future in Action commitment to reach net-zero CO2 by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5 scenario. What can we expect from leading companies, startups, and entrepreneurs in the sector to further enhance decarbonization efforts in the industry? On top of that, industrial products must often meet precise quality criteria to comply with safety regulations. Read More Latest CEMEX, , SBTi Our new clinker types have up to 20% lower CO2 emissions. We are evolving our production process to reduce its carbon footprint every step of the way. Its U.S. network includes 10 cement plants, close to 50 strategically located cement . The result is a resilient supply of power and storage capacity with a system designed to have greater operational flexibility for short and long duration storage, high round-trip-efficiency, lower capital and operating expenses, and an overall higher asset efficiency than competitors given the lack of degradation in the storage medium over time. These potential solutions may include low carbon power, low carbon transport, energy efficiency, natural carbon offsets, and carbon capture, utilisation, and storage technologies. This puts us in a favorable position when it comes achieving our 2050 goals. The agreement with Carbon Upcycling will help CEMEX double its current use of industrial residue to consume annually 6 million tons by 2030, thereby reducing its carbon footprint significantly. net CO2 emissions per ton of cementitious product, avoiding 8.6 million tons. Order your copy now. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from CEMEXs expectations, including, among others, risks, uncertainties, and assumptions discussed in CEMEX's most recent annual report and detailed from time to time in CEMEXs other filings with the Securities and Exchange Commission, which factors are incorporated herein by reference, which if materialized could ultimately lead to CEMEX not reaching the goals stated in this press release. 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