CEMEX to introduce hydrogen technology to reduce CO<sub>2</sub> emissions in four cement plants in Mexico - CEMEX to introduce hydrogen technology to reduce CO<sub>2</sub> emissions in four cement plants in Mexico
December 6, 2022
- CEMEX will implement hydrogen injection at four cement plants in Mexico to increase the use of alternative fuels and reduce the use of fossil fuels.
- The company has been pioneering the use of hydrogen technology in the building materials industry as part of its Future in Action program to achieve sustainable excellence and become a net-zero CO2 company.
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it will implement hydrogen injection technology at four of its cement plants in Mexico as part of its Future in Action program to achieve sustainable excellence and become a net-zero CO2 company.
By injecting hydrogen into its cement kilns as a catalyst, CEMEX may optimize the combustion process and increase its use of alternative fuels, decreasing its use of fossil fuels. The use of lower-carbon fuels is an essential lever for the company's 2030 goal to reduce CO2 emissions in cement production by more than 47%. In September 2022 CEMEX reached an all-time-high 34% alternative fuels substitution rate.
"Hydrogen is a key technology to accelerate the implementation of our climate action roadmap,” said Ricardo Naya, President of CEMEX Mexico. “With this project, we expect to increase alternative fuels consumption in our kilns by 8 to 10 percent.”
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 uses hydrogen in all its European plants, and recently inaugurated a similar project in the Dominican Republic. The company 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 low or zero-carbon primary fuel source in cement production.
Future in Action is CEMEX's program to achieve sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net-zero CO2 company. Through Future in Action, CEMEX has achieved record-breaking progress in reducing its carbon footprint over the past 20 months.
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, uncertainties, and assumptions that could cause actual results to differ materially from CEMEX’s expectations, including, among others, risks, uncertainties, and assumptions discussed in CEMEX's most recent annual report and detailed from time to time in CEMEX’s other filings with the Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to the announced implementation of hydrogen technology to not produce the expected results or not being implemented at all for reasons beyond CEMEX’s control. 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