CEMEX and Enel Green Power join forces in Guatemala to build a more sustainable future
June 2, 2022
- CEMEX signs agreement to purchase clean electricity for its cement operations in Guatemala.
- Enel Green Power will supply 100% of CEMEX’s electricity consumption in Guatemala with renewable power for the next five years.
- This agreement aligns with CEMEX’s Future in Action strategy to become a net-zero CO2 company by 2050.
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it has signed a power purchase agreement with Enel Green Power, who will supply clean electricity for CEMEX’s cement operations in Guatemala for the next five years.
The agreement reaffirms the commitment of CEMEX and the Enel Group to lead their respective industries in climate action and facilitate the transition to clean energy. The supply contract aligns with CEMEX’s ambitious Scope 2 goal to achieve 55% clean energy by 2030. The approximately 164 GWh of clean electricity supplied under this agreement is equivalent to the CO2 emissions avoided by planting more than 240,000 trees.
“This agreement with Enel Green Power will allow us to operate our cement facility in Guatemala with 100% clean electricity. Transitioning to renewable energy sources is an integral part of our climate action strategy,” said Jesús González, President of CEMEX South, Central America, and the Caribbean. “We remain committed to becoming a net-zero CO2 company and are taking decisive steps to achieve this goal.”
“At Enel Green Power, generating sustainable energy means taking action and addressing the challenge of global climate change. For this reason, we seek to work in partnership with our largest clients to develop wide-ranging sustainability projects that are in harmony with the environment. This contract with CEMEX in Guatemala is another opportunity to reinforce our commitment to the energy transition and care for the environment,” said José Sánchez, Country Manager of Enel Green Power in Guatemala.
Under its Future in Action program, CEMEX announced a 40% reduction goal of its specific net CO2 emissions in cement by 2030*. Additionally, the company set a target to source 55% of its electricity needs from clean sources by 2030. These climate action goals are aligned to an ambitious CO2 reduction pathway validated by the Science Based Targets Initiative (SBTi) according to the Well Below 2°C Scenario. CEMEX’s aggressive 2030 climate action targets are an important milestone in the company’s transition to achieving carbon neutrality by 2050.
Enel Green Power Guatemala has developed the technical and human capabilities to add value to its clients' business and respond to their needs. In the region, as in the rest of the world, Enel Green Power plays a fundamental role in leading the energy transition process and helping its business partners in the five continents to achieve their sustainability goals.
About Enel Green Power
Enel Green Power, within the Enel Group, develops and operates renewable energy plants worldwide and is present in Europe, the Americas, Africa, Asia and Oceania. A world leader in clean energy, with a total capacity of around 54 GW and a generation mix that includes wind, solar, geothermal, and hydroelectric power, as well as energy storage facilities, Enel Green Power is at the forefront of integrating innovative technologies into renewable energy plants.
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: www.cemex.com
* Compared with the 1990 baseline.
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. 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. 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. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release, nor for any third-party quotes cited herein.
Analyst and Investor Relations
Alfredo Garza / Fabián Orta