CEMEX and bp team up on net-zero emissions

Companies working together to develop solutions to decarbonize cement production and transportation

CEMEX and bp are to work together on accelerating the progress of CEMEX’s 2050 ambition to deliver net-zero CO2 concrete globally.

The two companies have agreed to a memorandum of understanding to develop solutions to decarbonize the cement production process and transportation.

These potential solutions may include low-carbon power, low-carbon transport, energy efficiency, natural carbon offsets, and carbon capture utilization and storage technologies.

Additionally, the two companies intend to work together to develop urbanization solutions envisioned to decarbonize cities.

‘Concrete plays an integral role in society, and there are no substitutes for its key attributes, strength and resilience,’ said Juan Romero, executive vice-president of sustainability, commercial and operations development at CEMEX.

‘We believe it will continue to have a critical role in a low-carbon economy, and the challenge for the industry is to find solutions to the manufacturing process emissions.

‘This initiative with bp is another example of the work we are doing with partners across industries, academia, and start-ups to tap into the latest innovation and disruptive technology to achieve our ambition of delivering net-zero CO2 concrete globally to all of our customers.’

William Lin, bp’s executive vice-president of regions, cities and solutions, said: ‘At bp, we want to help ‘greening companies’ meet their sustainability aims just as we are trying to do in our own company. We know that 70% of global emissions come from transport, industry and energy, and that cement making is energy intensive.

‘Teaming up with progressive companies like CEMEX, that share a net-zero ambition and have complementary capabilities, will help speed up the decarbonization of the industry and the energy system. Now is the time to work together on the path to net zero and, along the way, generate mutual value.’

Angélica Ruiz, bp’s head of country for Mexico and senior vice-president for Latin America, added: ‘We’re proud to collaborate with a global company that shares our goal to transition to a more sustainable future.

‘CEMEX are taking a leading role in decarbonizing the global cement industry, setting a fast pace of progress in all regions, including Mexico and Latin America. Our collaboration with CEMEX is another step towards our ambition to be a net-zero company by 2050 or sooner and help the world to get to net zero.’