CEMEX and CEMEX Ventures, its corporate venture capital and open innovation unit, were among investors that participated in Synhelion’s latest financing round. The clean energy company raised CHF 22 million ($23.6 million).
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CEMEX will implement hydrogen injection technology at four of its cement plants in Mexico to reduce the use of fossil fuels.
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CEMEX is continuing its efforts to lead the transition to a net zero construction industry by implementing several new carbon capture, utilization and storage (CCUS) projects throughout its global cement operations.
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CEMEX is among the first companies in the global cement industry to validate its 2030 decarbonization goals through the Science Based Targets initiative (SBTi) for alignment under its new 1.5ºC scenario, the most ambitious pathway defined for the industry.
Read MoreCEMEX has confirmed that it is implementing hydrogen technology at its cement plant in San Pedro de Macorís in the Dominican Republic. The project is part of the “Future in Action” program, which seeks to achieve carbon neutrality by 2050. Currently, the use of CEMEX’s hydrogen technology includes injection into furnaces to optimize the combustion process and thus increase the…
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CEMEX teamed up with Red Ambiental and Ocean Conservancy to help clean Cancun’s beaches and use the collected waste as a more sustainable alternative to fossil fuels at cement plants.
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CEMEX is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO2 roadmap and its 2030 decarbonization goals to align with the latter’s recently announced 1.5º C scenario. It is committed to having the most ambitious decarbonization pathway in the building materials industry.
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CEMEX announced a plan to expand the production capacity by 30% at its subsidiary Caribbean Cement Co.’s Rockfort, Jamaica, plant.
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CEMEX and corporate venture arm CEMEX Ventures are investing in Zacua Ventures, a global early-stage venture fund that aims to tackle the construction industry’s biggest challenges.
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Further expanding its commitment to sustainable finance and building a more sustainable world, CEMEX launched its Green Financing Framework – the first in its sector. The framework supports the company’s Future in Action, a roadmap whose most immediate target is a 40% reduction in cement process emissions by 2030.
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