CEMEX leads in clean energy with focus on renewable power sources - CEMEX leads in clean energy with focus on renewable power sources
February 15, 2021
- The company progresses towards lowering indirect emissions by contracting renewable energy sources.
- CEMEX has a proven track record as a sector leader in switching to renewable energy sources.
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it is making progress towards meeting its goal of 40% of electricity consumption coming from renewable sources by 2030. This announcement is made in the context of International Energy Day.
CEMEX aims to achieve this target by developing large-scale wind and solar energy projects, on-site renewable and waste heat recovery projects, and mid-to-long-term clean power supply contracts.
Since 2019, 100% of CEMEX's electricity in the United Kingdom has come from renewable sources. CEMEX secures its renewable electricity across all its operations in the UK from energy, services, and regeneration company, ENGIE, supplying electricity to over 150 CEMEX UK sites for more than 10 years. CEMEX has recently extended this initiative until the end of 2023. This commitment has been an important contribution to the company's decarbonization agenda in the UK. CEMEX also takes advantage of ENGIE's demand-side services, such as load management, to avoid peak tariffs and rapid frequency response.
In 2020 CEMEX announced a similar commitment for its 32 plants in Poland. All electricity consumed in Poland is generated from renewable sources, including wind energy, via its long-standing energy partner PGE Obrót. In September, CEMEX announced that together with its partner Synhelion, it has developed an innovative technology that eliminates carbon dioxide (“CO2”) emissions in the cement production process by using solar energy. CO2 emissions will be captured and converted into synthetic fuels using Synhelion technology. CEMEX and Synhelion expect to have a demonstrative pilot by the end of 2021.
Moreover, in 2021 CEMEX expects the commissioning of a 41-megawatt (“MW”) Solar project in the Dominican Republic, which will partially supply the company's cement operations and a 4.5MW Waste Heat Recovery project in the APO cement plant in the Philippines.
In 2020, CEMEX announced its Climate Action strategy, defining a global target of a 35% reduction of CO2 emissions per ton of cementitious products by 2030. For its operations in Europe, CEMEX also defined a 55% reduction target, in line with what the European Commission set as a new goal for all its member states. To complement this strategy with a longer-term vision, CEMEX also established an ambition to deliver net-zero CO2 concrete to all its customers globally by 2050.
CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.cemex.com
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