CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) informed today that, since 2005, CEMEX has invested more than US$ 175 million, adjusting its production process and installing equipment to prepare, handle and feed alternative fuels into its cement kilns. In 2011, CEMEX achieved approximately a 25% alternative fuel substitution rate in its cement production, the highest rate among its global peers. The alternative fuel strategy has enabled CEMEX to avoid the use of close to 2 million tons of coal and the emission of 1.8 million tons of CO2 into the atmosphere.
The following video explains the many advantages of using waste for fuel and how CEMEX is using alternative fuels in its cement kilns as part of its carbon strategy: http://goo.gl/ccbQI
The substitution of fossil fuels with alternative fuels result in numerous benefits such as:
CEMEX has set a target of a 35% alternative fuel substitution rate in cement production by 2015, and it’s on track to make it happen.
For more information about CEMEX’s sustainability strategy and efforts, please review CEMEX’s 2011 Sustainable Development Report, which achieved a GRI-checked application level of A+ for the fourth consecutive year and is available online at: http://goo.gl/5xm0w and as an iPad App at: http://goo.gl/nr08d
CEMEX is a global building materials company that provides high-quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future.
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements of CEMEX herein described to be materially different from those expressed or implied in this release. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CEMEX assumes no obligation to update or correct the information contained in this press release. Links to external websites are provided solely for the convenience of the reader. Links taken to other sites are done at the readers own risk and CEMEX accepts no liability for any linked sites and their content as CEMEX has no control over its content. CEMEX gives no representation regarding the quality, safety, suitability or reliability of any external website or any of the content or materials contained therein.