Grupo Cementos de Chihuahua (GCC) signed a long-term agreement with a leading U.S.-based energy provider to supply solar and wind power to its Odessa, Texas, cement plant. Covering 100% of the electricity consumed at the operation, the renewable energy will result in a 45,000-metric-ton reduction in CO2, annually.
The 10-year fixed-price agreement takes effect beginning July 2022 and represents a22% decrease from the current electricity price for the Odessa plant, translating into$4.6 million in total savings for this period. The announcement is further reflection of GCC´s unwavering commitment to the use of clean energy at both its Mexico and U.S. operations; reducing overall energy costs while successfully mitigating related price fluctuation.
GCC said that it remains focused on implementing global best practices related to sustainability throughout the organization while further strengthening the company’s overall profitability.