LONDON and MONTERREY,
Mexico, May 13, 2021
/PRNewswire/ -- bp ("bp") and CEMEX, S.A.B. de C.V. ("CEMEX")
(NYSE: CX) announced today that they will 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, they 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. 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," said Juan Romero, Executive Vice President
Sustainability, Commercial, and Operations Development of CEMEX.
"This initiative with bp is another example of the work we are
doing with partners across industries, academia, and startups 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, regions, cities & solutions (RC&S), 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 percent 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."
Helping cities and corporations to decarbonize is a core part of
bp's long-term strategy. The RC&S team aims to build enduring
relationships with cities and corporations around the world to
offer bespoke, integrated and decarbonized energy solutions to
complex energy needs – providing energy that is clean, reliable –
and also affordable. And to decarbonize high-tech, consumer
products, heavy transport, and heavy industry sectors – working
with companies that currently have significant carbon emissions to
manage and share bp's net zero ambition.
Angélica Ruiz, bp's head of
country for Mexico and senior vice
president for Latin America, said:
"We're proud to collaborate with a global company that shares our
goal to transition to a more sustainable future. 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. 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."
About bp
bp's purpose is to reimagine energy for
people and our planet. It has set out an ambition to be a net zero
company by 2050, or sooner and help the world get to net zero, and
a strategy for delivering on that ambition. Partnering with
countries, cities and corporations to provide innovative energy,
mobility and decarbonization solutions as they shape their paths to
net zero is a core part of this strategy. For more information
visit bp.com
About CEMEX
CEMEX is a global building materials
company that provides high-quality products and reliable services.
CEMEX has a rich history of improving the well-being of those it
serves through innovative building solutions, efficiency
advancements, and efforts to promote a sustainable future. For more
information, please visit: www.cemex.com
Cautionary statement:
In order to utilize the
'safe harbor' provisions of the United States Private Securities
Litigation Reform Act of 1995 (the 'PSLRA'), bp is providing the
following cautionary statement. This press release contains certain
forward-looking statements – that is, statements related to future,
not past events and circumstances – which may relate to one or more
of the financial condition, results of operations and businesses of
bp and certain of the plans and objectives of bp with respect to
these items. These statements are generally, but not always,
identified by the use of words such as 'will', 'expects', 'is
expected to', 'aims', 'should', 'may', 'objective', 'is likely to',
'intends', 'believes', 'anticipates', 'plans', 'we see' or similar
expressions. Actual results may differ from those expressed in such
statements, depending on a variety of factors including the risk
factors set forth in our most recent Annual Report and Form 20-F
under "Risk factors" and in any of our more recent public
reports.
Our most recent Annual Report and Form 20-F and other period
filings are available on our website at www.bp.com, or can be
obtained from the SEC by calling 1-800-SEC-0330 or on its website
at www.sec.gov.
bp press
office
David
Nicholas
+44 7831
095541
bppress@bp.com
|
Media
Relations
Jorge
Pérez
+52 (81)
8259-6666
jorgeluis.perez@cemex.com
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/bp-and-cemex-team-up-on-net-zero-emissions-301290839.html
SOURCE BP PLC