CEMEX implements hydrogen technology in the Dominican Republic as part of its Future in Action program - CEMEX implements hydrogen technology in the Dominican Republic as part of its Future in Action program
August 23, 2022
- CEMEX inaugurates first hydrogen technology project of its kind in the Dominican Republic.
- The company is pioneering the use of hydrogen technology in the building materials industry as part of its Future in Action program designed to achieve carbon neutrality.
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it is implementing hydrogen technology at its San Pedro De Macoris cement plant in the Dominican Republic. Fernando A. Gonzalez, CEO of CEMEX, was on hand for the project's inauguration, which is part of the company's Future in Action program that seeks to achieve carbon neutrality by 2050.
"Through projects like this, we reiterate our commitment to leveraging innovation to meet our ambitious sustainability and CO2 reduction goals," said Fernando A. Gonzalez, CEO of CEMEX. "Hydrogen is a key technology for our Future in Action program, as an accelerator for our efforts to transform waste into energy and as a potential carbon-free fuel source.”
CEMEX’s current leveraging of hydrogen technology includes its injection into kilns to optimize the combustion process and increase the use of alternative fuels. Both are essential levers for the company's 2030 goal to reduce CO2 emissions in the cement production process by approximately 40%. In the first half of 2022, CEMEX increased its use of alternative fuels by 5 percentage points, reaching an all-time-high 33% substitution rate.
CEMEX is a pioneer in the adoption of hydrogen technology in the building materials industry, with successful projects running since 2019. As of 2021, the company used hydrogen in all its European plants and expects to continue scaling its use in other operations worldwide.
CEMEX is also working with several partners to discover and pilot breakthrough technologies for hydrogen to be used as zero-carbon primary fuel source in cement production. Among its major innovation projects is a partnership with Hiiroc, a leader in technology for low-cost, zero-emission hydrogen generation. The company also participated in the creation of the first renewable hydrogen industrial plant in Spain in collaboration with Acciona and Enagas.
CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. 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. For more information, please visit: cemex.com
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations, including the announced implementation of hydrogen technology to not produce the expected results. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events or otherwise. Any or all of CEMEX’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Analyst and Investor Relations
Alfredo Garza / Fabián Orta