CEMEX and Holcim are founding members of the First Movers Coalition, a new initiative launched at COP26 in Glasgow that unites more than two dozen companies to accelerate innovation and development of early-stage decarbonization technologies to help achieve net zero by 2050.
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CEMEX 2030 Climate Targets Validated
The Science Based Targets initiative (SBTi) validated CEMEX’s 2030 global carbon emissions targets – a key component of the company’s Future in Action program.
Read MoreA Net-Zero Cement and Concrete Industry
In The Face Of Accelerating Climate Action, Achieving Net-Zero CO2 Concrete Is Not Optional; It Is Essential. By Jonathan Rowland Climate change has been back in the headlines of late, after a new UN report was described as a “code red for humanity” by the UN secretary general. According to the report, the past 50 years have seen global surface…
Read MoreCEMEX Ventures Invests in Carbon Clean
CEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, is the newest investor of Carbon Clean. The carbon capture tech company recently raised $8 million from CEMEX Ventures and its existing investors, bringing total capital raised in the last year to $30 million.
Read MoreCEMEX Strengthens Guatemala Presence
As part of its growth strategy, CEMEX will increase capacity in Guatemala with the construction of a $25 million grinding mill at its cement plant.
Read MoreCEMEX, Volvo Aim to Create First Zero-Emission Fleet
CEMEX will work together with Volvo Construction Equipment and Volvo Trucks to develop a zero-emissions fleet with electromobility solutions that aligns with CEMEX’s climate action program, Future in Action.
Read MoreCEMEX Expands Production Capacity in Jamaica
As part of CEMEX’s growth strategy, the company plans to upgrade and increase the capacity of subsidiary Caribbean Cement Company Ltd.’s plant in Rockfort, Jamaica, by 30%. The current estimate of the investment is approximately $30 million.
Read MoreCEMEX, bp Partner on Net-Zero Ambition
In an effort to accelerate its progress to deliver net-zero CO2 concrete globally by 2050, CEMEX has entered a memorandum of understanding with bp to develop solutions to decarbonize the cement production process and transportation.
Read MoreCEMEX Posts Strong Results in First Quarter
CEMEX reported that consolidated net sales increased 9%, on a year-over-year basis to $3.4 billion in the first quarter of 2021. Operating EBITDA improved 28% to $684 million, while the EBITDA margin increased to 20.1%, 2.8 percentage points higher year over year.
Read MoreCEMEX Creates ‘Carbon Neutral Alliance’
As part of its “Future in Action” program, CEMEX is developing a carbon neutral alliance in Germany to test and accelerate innovative technologies to reach carbon neutrality at its Rüdersdorf plant.
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