The firm claims both new targets were developed using the Science-Based Targets initiative's (SBTi) methodology, in line with the Paris Agreement's 1.5C trajectory. It's not an overnight shift. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Under its Future in Action program, he adds, Cemex has outlined the most aggressive 2030 decarbonization goals in the heavy building materials industry, and is pursuing delivery of net zero carbon dioxide concrete globally by 2050. 1 indicates potential GHG reductions via the three decarbonization pillars, the road to net-zero is cluttered with barriers (sector specific and crosscutting) - that will need to be addressed. We also had to balance the aspirations of government and industry by developing low-carbon roadmaps that could maintain industrial competitiveness. According to the European Commission Joint Research Centre, when it comes to deep decarbonization in the cement industry, the development and implementation of carbon capture and storage technologies are unavoidable. CEMEX, S.A.B. For more information, please visit: cemex.com. de C.V. ("CEMEX") announced today that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO 2 roadmap and its 2030 decarbonization goals to . The ensuing decomposition generates methane, a greenhouse gas up to 80 times more harmful to the environment than CO2. decarbonization technologies analyst en Madrid Amrica. CEMEX Commits to Ambitious Decarbonization Pathway, Carbon Upcycling Joins WCAs Expanding Network, GCC Makes Moves in Senior Leadership Lineup, Heidelberg Materials, Leilac Ink Global License Agreement, Lafarge Canada, Carbon Upcycling Partner to Reduce Carbon, Argos Honduras Starts Hydrogen Injection Process at Piedras Azules. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Receive CX Stock News and Ratings via Email. Waste from other industries and alternative raw materials allow us to reduce the clinker factor while maintaining the same quality and durability of our products. CEMEX has submitted its Future in Action commitment to reach net-zero CO2 by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5 scenario. CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX, S.A.B. ; MONTERREY, Mexico--(BUSINESS WIRE)--Oct. 6, 2022-- CEMEX, S.A.B. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. CEMEX recently announced it is increasing its already ambitious target to reduce CO2 emissions: Goal is to reduce carbon emissions in cement business to 40% by 2030 when compared to 1990 emission levels Working toward delivering net-zero CO2 concrete globally by 2050 EBITDA declined 7%, with margin down 250bp to 15.9%. The result is a resilient supply of power and storage capacity with a system designed to have greater operational flexibility for short and long duration storage, high round-trip-efficiency, lower capital and operating expenses, and an overall higher asset efficiency than competitors given the lack of degradation in the storage medium over time. This is usually done by decreasing the amount of CO2 emitted across the active industries within that economy. Building On-site, reducing operation and logistic costs, and even modifying designs at the moment are some of the benefits of 3D Printing in construction. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near Monterrey, Mexico.It manufactures and distributes cement, ready-mix concrete and aggregates in more than 50 countries. CEMEX has worked with the Carbon Trust to conduct an extensive and rigorous examination of its global 2030 target and roadmap. The light aggregates produced by Arqlite, part of our investment portfolio since 2020, represent a great advance in sustainable construction, multiplying thermal and acoustic insulation by ten times when compared to mineral aggregates, while offering better construction quality and greater energy conservation. Unlike other industries that may be further along in the process, the development of new technologies to decarbonize cement might not be scalable for years. With receipt of validation, CEMEX will continue to have the most ambitious decarbonization pathway in the cement concrete sector. Future In Action is a long-term program which will continue to work on our production process to reduce our carbon footprint and meet our 2050 goal of becoming a net-zero CO2 company. CEMEX sa Moses Lake, WA Palawakin ang paghahanap. After . After helping develop the new 1.5 framework as a member of the SBTis Expert Advisory Group, CEMEX has now aligned its Future in Action goals to the new standard and submitted them for review by the SBTi. publishDate1 Thu, 06 Oct 2022 11:46:00 +0000. CEMEX is going the extra mile with the deep decarbonization mission of their operation, as concrete plays a fundamental role in the transformation that the built ecosystem requires to mitigate climate change. Why? CEMEX is taking a leading role in decarbonizing the global cement industry, setting a fast pace of progress in all regions, including Mexico and Latin America. ; MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. This website uses cookies to deliver you a better experience. With this, CEMEX is committed to having the most ambitious decarbonization pathway in the building materials industry. CEMEX announced that it 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 their recently announced 1.5 c scenario. We upgrade and modernize wherever possible. CEMEX expects Vertua products to account for most of its sales by 2025. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. de C.V.(' CEMEX ') announced today that it 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 their recently announced 1.5 c scenario. Decrease the amount of waste deposited in landfills. The goal of this breakthrough scalable modular technology is to provide carbon capture at a 10 times smaller installation footprint and 6 times shorter build time, adding up to 50% savings in capital expenditures associated with carbon capture. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. By doing so, CEMEX are . October 6, 2022 - 7:30 am. C Scenario. Nonetheless, the industry could reduce its 2017-level emissions by more than three-quarters by 2050. How did we do it? CEMEX, S.A.B. Deep decarbonization: The great challenge of the future. Most of the industries greenhouse gas emissions, 90 percent to be exact, consists of carbon dioxide. . Stock. Clean Steel and Cement Decarbonization Webinar. The company is advancing in the progress of cutting-edge research and developing technologies and construction solutions that contribute to the mitigation of CO2 emissions, enhance energy efficiency of buildings, improve the resiliency of structures, intensifies long-lasting structures and the maximizes resources by circulating products, components, and materials in use at the highest possible levels always. Co-processing is a more efficient waste management solution than landfillingand incineration, this means that the cement industry is a net consumer of waste and contributes to a more Circular Economy. Wander through the quaint alleys in Moulins and see a variety of cultural displays and architectural wonders. Our collaboration with CEMEX is. The Climate Action Tracker released on May 2021 demonstrates that with the current policies enforced in major countries, the Earths temperature could see a 2.9C increase by 2100. Speakers: Manuel Balmaseda, CBE, Ph.D. Future in Action starts in our operations. Likewise, in Construction Startup Competition 2021, we directed one of our categories to the carbon footprint mitigation to keep evaluating solutions that will help achieve the mid-century goals. CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5 C Scenario. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events or otherwise. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from CEMEXs expectations, including, among others, risks, uncertainties, and assumptions discussed in CEMEX's most recent annual report and detailed from time to time in CEMEXs other filings with the Securities and Exchange Commission, which factors are incorporated herein by reference, which if materialized could ultimately lead to CEMEX not reaching the goals stated in this press release. To achieve deep decarbonization, we must rethink the way energy is produced and consumed, ergo calling for a switch towards low carbon energy sources and renewable energy. Sadly, fast-forward to late 2021, and numbers show that concentrations of the major greenhouse gases CO, CH and NO continued to increase later in 2020 and the first half of 2021. Through Vertua, CEMEX is helping its customers to help building a better, more sustainable future. Por ello, estamos comprometidos a seguir contribuyendo e innovando con soluciones y productos sostenibles, que nos permitan dar un paso al frente para transformar nuestro . CEMEX commits to the most ambitious decarbonization pathway in the building materials industry. 2022 SEMCO Publishing, Inc. All rights reserved. CEMEX currently uses 3 million tons of industrial residue each year, but plenty gets discarded due to its low reactivity. Around 18%. Combining these two important pain points, weve been able to identify startups like the ones mentioned above, who are working on solutions that help the industry mitigate its carbon footprint. Crosscutting barriers can be categorized into four main groups: o Industrial heterogeneity Originated in Argentina, Arqlite opened a new market and transitioned into the United States market by opening a large-scale facility in Santa Ana, California. We are keenly aware of the role that our industry must play in the race to zero and are committed to continue leading in this challenge.. Barriers to Industrial Decarbonization While Fig. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und seine Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. We believe that its all about identifying the industrys pain points and finding ways to solve them by using new technologies and alternative ways to approach them expressed Gonzalo Galindo, Head of CEMEX Ventures. de C.V. ("CEMEX") (NYSE: CX) announced today its participation in the Low Emissions Intensity Lime and Cement 2 (LEILAC 2) project, a research and innovation initiative aimed to decarbonize the cement production process. Increasing the use of alternative fuels instead of regular fossil fuels. It encourages others within the industry to do the same. September 30, 2022 | seekingalpha.com . CEMEXs nature reserve. The UK based startup is the developer of one of the most promising and advanced carbon capture technologies in the market to date. CO2 emissions stem from the burning of fossil fuels (coal, natural gas, and oil), solid waste, trees, and other biological materials, as well as a result from certain chemical reaction, like the manufacturing of cement. During 2021, around 30% of our operations power came from clean electricity sources. Our efforts concentrate on substituting it with byproducts from other industries like blast furnace slag, and fly ash. Deep decarbonization of the industries is key to the efforts being done worldwide to limit the global temperature increase in this century to 2 degrees Celsius above preindustrial levels, while pursuing the means to limit the increase to 1.5 degrees. In 2021 we achieved our best performance ever in the use of alternative fuels, clean electricity consumption, and the largest annual reduction in clinker factor in the last 10 years. Known today as a Town of Art and History, Moulins is particularly known for its cultural character. We improve the efficiency of existing energy assets. At plant scale, an RDH apparatus running on renewable energy sources could . Decarbonization can mean two things: It can refer to moving away from energy systems that produce carbon dioxide (CO2) and other greenhouse gas emissions, or it can refer to removing carbon buildup and carbon deposits from internal combustion engines. These forward-looking statements reflect CEMEXs current expectations and projections about future events based on CEMEXs knowledge of present facts and circumstances and assumptions about future events, as well as CEMEXs current plans based on such facts and circumstances. CDP also recently awarded CEMEX and HeidelbergCement its highest rating for climate action leadership, including the companies in its prestigious 'A List.' Both companies were also recognized for their efforts to ensure water security in the world. On top of that, industrial products must often meet precise quality criteria to comply with safety regulations. We are evolving our production process to reduce its carbon footprint every step of the way. Order your copy now. He also works in the broader field of industrial decarbonization, including synergies between industry and power generation. There are four main benefits of co-processing for climate action: 01 Reduction of CO 2 emissions in our cement manufacturing process. Additionally, the technology would target operating expenditures as low as US$30 per metric ton of CO2 at an industrial scale. to deliver reliable and sustainable electricity. With this, CEMEX is committed to having the most ambitious decarbonization pathway in the building materials industry. CEMEX, S.A.B. But decarbonization takes time. share: Share on Facebook Tweet on Twitter Post to Reddit. The Wallex System adopts the experience and knowledge of design and engineering with the application in the factory of advanced technology, the automation and industrialization of processes, as well as the use of innovative materials in the construction sector. CEMEX, S.A.B. Total technically achievable CO2 reduction 73% Deadline for decarbonisation Our Swiss portfolio company, who recently announced they are going public in the NYSE through a PIPE agreement, developed a transformative, long-duration energy storage solution. CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5? 03 Decrease the amount of waste deposited in landfills. Cemex SAB de CV, Cemex SAB de CV. CEMEX UAE , WA . This is a very energy-intensive and carbon-emitting process. We are keenly aware of the role that our industry must play in the race to zero and are committed to continue leading in this challenge.. The investment in drones is growing exponentially and its use in the military sector has reached multiple fields such as mining, industrial or agricultural, also reaching construction. The waste heat recovery facility in our Solid Cement plant is helping accelerate our #decarbonization efforts, leading to our ultimate objective of becoming a netzero company by 2050. By Anthony Harrup. As part of this verification process, CEMEX will also establish 2030 and 2050 targets for its main scope 3 emissions. It is committed to having the most ambitious decarbonization pathway in the building materials industry. In a recent report where they play out different scenarios for decarbonizing industries, carbon capture technologies are seen as the most important technology to reduce process emissions, as well as emissions from industrial heat when those are still present. 04 Minimizing public investment costs for new waste facilities. One of the key requirements to reach the SBTis Net-Zero Standard is aggressive carbon reductions across a companys entire value chain, including those produced by their own processes (scope 1), purchased electricity and heat (scope 2), and generated by a companys suppliers and end-users (scope 3). de C.V. (CEMEX) announced today that it 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 their recently announced 1.5 c scenario. This is no easy feat but at CEMEX Ventures, we like to look at a challenge in the face and say Lets do it!. The Canada based startup Carbon Upcycling Technologies developed a technology to improve the processing of residue and by-products of industrial processes, capturing CO2 emissions to produce nanomaterials with greater reactivity and a lower carbon footprint. de C.V. ("CEMEX") announced today that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO 2 roadmap and its 2030 decarbonization goals to align with their recently announced 1.5 C. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. de C.V. was founded in 1906 and is headquartered in San Pedro Garza Garca, Mexico. Future in Action starts in our operations. What can we expect from leading companies, startups, and entrepreneurs in the sector to further enhance decarbonization efforts in the industry? BETA. As part of this verification process, CEMEX will also establish 2030 and 2050 targets for its main scope 3 emissions. Location: Madrid, Madrid, Spain, 28027 As an Investment Analyst in DecarbonizationTechnologies within CEMEX Ventures you will provide industry and technology expertise and insights in the application of Decarbonization technologies in the build environment, with a focus on Carbon Capture, Utilization and Storage (CCUS). Moderator: Ellen Hughes-Cromwick, CBE, Senior Resident Fellow for Climate and Energy Program, Third Way; NABE Climate Economics & Finance . CEMEX has submitted its Future in Action commitment to reach net-zero CO2 by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5 scenario. LinkedIn. It a tough road ahead, but we are confident we are on track to making positive change for the cement, concrete, and construction sectors. Optimizing thermal efficiency in our kilns. Klicken Sie auf Einstellungen verwalten, um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Reducing the clinker factor in our cement. To ensure we are on the right track, we have set the most ambitious 2030 targets available to the industry: 2030 40% less of CO 2 / ton of cementitious material* 35% less of carbon content in concrete* 55% in clean electricity consumption To reach 71% of clinker factor To reach 50% in alternative fuels substitution rate 2050 Using this website means you are okay with this. Any country's total emissions from energy (CO 2) is the product of four terms: (1) total population (Pop), (2) GDP per capita, (3) energy intensity of the economy (which is total energy divided by GDP), and (4) carbon intensity of energy (emissions per unit energy). of our cement operations' electricity came from clean electricity. However, only a small portion (around 20 percent) will come from operational advances, while the remainder will need to come from technological innovation and new growth horizons. These potential solutions may include low carbon power, low carbon transport, energy efficiency, natural carbon offsets, and carbon capture, utilisation, and storage technologies. Fossil CO2 emissions cement, coal, oil, and gas peaked at 36.64 gigatons of CO2 in 2019, followed by an extraordinary drop of 1.98 gigatons of CO2 (5.6%) in 2020 due to the pandemic. In fact, most direct CO2 emissions in the cement production process are generated by the chemical reaction of clinker production in our kilns. Exhibit 3 CEMEX has successfully converted CO2 into carbon nanomaterials in a laboratory setting. Increasing the use of decarbonated raw materials in clinker. To achieve decarbonization, all aspects of the economy must changefrom how energy is generated, and how we produce and deliver goods and services, to how lands are managed . 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." Notes to editors About bp The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Huwag pansinin. En #CEMEX estamos convencidos que para avanzar hacia un mejor futuro debemos implementar acciones que nos permitan construir ciudades y entornos sostenibles para todos y todas. En concreto, un futuro sostenible hoy! Cemex S.A.B. Companies have several options to decarbonize cement. Innovation is at the core of CEMEXs Future in Action program, exemplified by Vertua, its family of products with sustainability attributes that includes lower-carbon cements and the first net-zero CO2concrete. Stock Titan. Twitter; Facebook; LinkedIn; GooglePlus; de C.V. ("CEMEX") announced today that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO 2 roadmap and its 2030 decarbonization goals to align with their recently announced 1.5 C scenario. Based on preliminary estimates industry and residential sectors were already at the same level or higher than in the same period in 2019. Energy Vault is inspired by pumped hydro plants that rely on the power of gravity to store and discharge energy, combined with their own material science and software innovations that replaces water with custom-made composite blocks, made with locally sourced soil or waste material, which are then lifted and lowered to store and release energy on-demand. ; CEMEX has submitted its Future in Action commitment to reach net-zero CO 2 by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5 scenario. Consequently, decarbonization will also require absorbing carbon from the atmosphere by capturing emissions and enhancing carbon storage in agricultural lands and forests. Cemex was also present at the SDG Investment Forum organized by the UNGC's CFO Coalition. Read More . We are evolving our production process to reduce its carbon footprint every step of the way. The companys previous goals were aligned to the Well-Below 2 C scenario. Decarbonization, more than a trend, is also part of our responsibility. Our goal is to build a resilient ecosystem around the entire value chain of a construction project, by means of decarbonizing the built environment through the mitigation of CO2 footprints and giving a new chance to used and demolished . The record-breaking CO2reduction we achieved through Future in Action in the past 18 months gives us confidence that a more accelerated pathway for 2030 is possible. CEMEX is a global building materials company that provides high-quality products and reliable services with a rich history of improving the wellbeing of those it serves through innovative building solutions, efficiency advancements and sustainability efforts. MEXICO CITY--Mexican cement and construction materials company Cemex SAB de CV swung to a profit in the third quarter, with revenue rising on higher prices but increased costs cutting into operating gains. Clinker Factor Reduction Sales rose 8% in the U.S. on flat cement volume and 4% growth in ready-mix, while pricing rose 6% and 5%, respectively. . This puts us in a favorable position when it comes achieving our 2050 goals. Montmalard, Bresnay, Moulins, Allier, Auvergne-Rhne-Alpes, France : To the southwest of bresnay, between the end of the XIX century and the beginning of the XX century, Les Jardinats, Les bergerats and Montmalard were the object of various attempts to extract . For example, CEMEX, the largest concrete producer in the Western world, has taken upon the challenge to decrease their environmental impact by imposing aggressive climate action targets that look to reduce the companys CO2 emissions in its concrete business by 35% by 2030, and reach its net-zero ambition by 2050. At the event, Cemex's CFO, Maher Al-Haffar, spoke about Cemex's decarbonization pathway, the experience of aligning its investments to the SDGs, and the innovations required to deliver only net-zero concrete by 2050. CEMEX, S.A.B. . de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. Sie knnen Ihre Einstellungen jederzeit ndern. Future in Action concentrates on maximizing four levers to reduce our carbon emissions, and achieve our 2030 goals: Alternative fuels can eliminate our reliance on fossil fuels, powering our kilns while also providing other benefits for the environment. Hace dos semanas, el Centro de Innovacin y Desarrollo particip en el 3er Encuentro del Cemento y Concreto organizado por el IMCYC, con la ponencia: "Futuro en Accin: Nuestra ruta hacia la neutralidad de carbono" impartida por Carlos Medina, Director de Sostenibilidad en #CEMEX Mxico. Any or all of CEMEXs forward-looking statements may turn out to be inaccurate. CEMEX commits to the most ambitious decarbonization pathway in the building materials industry. As rapid CO2 production combines with impending climate change, rapid urbanization and deforestation, natures ability to do this job by itself has slowed down. The companys intention to align its roadmap to SBTis Net-Zero Standard reflects its confidence that it is on the right path to net-zero and contribute meaningfully to the worlds 2050 goal. More frequent and intense heat waves, droughts, storms, and floods are associated to the impeding changes in temperatures, leading to communities suffering, going into new poverty levels, and a rise in mortality. This is usually done by decreasing the amount of CO2 emitted across the active industries within that economy. John Milko, Policy Advisor for Climate and Energy Program, Third Way. CEMEX announced this week that they are working with the Science-Based Targets initiative (SBTi) to validate their 2050 net-zero CO2 roadmap and their 2030 decarbonization goals to align with its recently announced 1.5 C scenario. There are four main benefits of co-processing for climate action: Reduction of CO2 emissions in our cement manufacturing process. His work encompasses the decarbonization and re-thinking of industrial processes, including the production of iron and steel and cement manufacture. de C.V . For this, we added sustainability as a subdivision in our Top 50 Contech Startups of 2020 to highlight those startups who have very promising projects that tackle this issue. Together we are working to fight one of the biggest threats the sector has endured in the recent years, and we are confident that the work we are doing will garner benefits that will benefit CEMEX, our clients, and the industry.
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