CEMEX invest in sustainable growth
Company commences operation of seven sustainable growth investments in Europe in January
CEMEX have started 2021 with a ‘strong execution’ of their investment, growth and climate action strategy in Europe, according to Sergio Menendez, regional president for the Europe, Middle East and Africa (EMEAA) region.
Seven bolt-on investments aligned to the company’s key priorities of climate action, sustainable construction and EBITDA growth commenced operation in January, representing advances in fossil fuel reduction, lower CO2 footprint products, circular economy, recycling, and products that demonstrate life-cycle CO2 and energy consumption advantages for buildings.
The investments include a new, lower-carbon alternative fuel system in the Czech Republic, circular economy and recycling improvements in France and the UK, lower CO2 cement in Croatia, lightweight concrete capability in Spain, and efficiency upgrades to sites in the UK and Spain.
‘In 2020, we achieved our ambition of a 35% reduction in our CO2 emissions compared with our 1990 baseline in Europe. We were also the first company in our sector to align our Europe operations to the EU aspiration to reduce CO2 emissions by at least 55% by 2030,’ said Mr Menendez.
‘These [latest] investments represent further advances towards this 2030 target, as well as to deliver net-zero CO2 concrete globally by 2050. We have made a strong start to our 2021 ambitions to both grow our business and improve our climate impact.’