Cemex Takes Action to Reduce Road Transportation CO2 Emissions
August 02 2022 - 5:30PM
Business Wire
- CEMEX is replacing 200 diesel-powered trucks with gas-powered
trucks in the Americas.
- Net-zero emission transport is being piloted in several
geographies.
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it has
added nearly 200 lower-carbon natural gas-powered trucks as part of
a comprehensive strategy seeking to decarbonize its global fleet.
This initiative is part of the company’s flagship Future in Action
program to become a net-zero CO2 company by 2050.
The investment in these 200 new vehicles consist mostly of
concrete mixer trucks powered by low emission compressed natural
gas (CNG) or renewable natural gas (RNG). These trucks will have a
carbon footprint that is approximately 25% lower than the diesel
trucks they are replacing. Over half of the vehicles are in Mexico,
with the remaining half split between Southern California in the
U.S. and Colombia.
“Decarbonizing our global fleet requires a multi-pronged
approach built on innovation,” said Juan Romero, CEMEX Executive
Vice President of Sustainability, Commercial and Operations
Development. “Our strategy combines taking immediate action to
reduce our carbon footprint with currently available
state-of-the-art technology, while at the same time collaborating
with our partners to discover, pilot, and scale the solutions
needed to achieve net-zero.”
Overall, CEMEX has an ambitious 2030 Scope 3 goal to reduce
transport carbon emissions by 20% and is committed to reaching
overall net-zero emissions by 2050. Scope 3 emissions are indirect
emissions, including those from upstream and downstream
transportation and distribution.
Natural gas-powered trucks are a transitional technology that
will permit an immediate reduction of carbon emissions. Natural
gas, biodiesel and hybrid power are the most readily available
lower-carbon transition technologies.
CEMEX is a founding member of the First Movers Coalition, which
brings together business leaders with global footprints to create
market demand for zero carbon solutions in this decade and
jump-start the scaling of these emerging technologies. The company
committed to making approximately 30% of its heavy-duty transport
purchases zero-emissions by 2030. To that end, CEMEX has completed
a multi-country pilot using fully electric ready-mix concrete
trucks. Fully electric heavy-duty trucks are not yet available at
scale, but CEMEX is collaborating with several original equipment
manufacturers on new transportation technology that will enable a
net-zero emissions future. CEMEX expects to gradually continue
introducing and testing new prototypes for zero-emission ready-mix
concrete trucks to its fleet.
CEMEX (NYSE: CX) is a global construction materials company that
is building a better future through sustainable products and
solutions. CEMEX is committed to achieving carbon neutrality
through relentless innovation and industry-leading research and
development. CEMEX is at the forefront of the circular economy in
the construction value chain and is pioneering ways to increase the
use of waste and residues as alternative raw materials and fuels in
its operations with the use of new technologies. 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. For more information, please
visit: cemex.com
CEMEX assumes no obligation to update or correct the information
contained in this press release. This press release contains
forward-looking statements within the meaning of the U.S. federal
securities laws. 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. These
forward-looking statements reflect CEMEX’s current expectations and
projections about future events based on CEMEX’s knowledge of
present facts and circumstances and assumptions about future
events, as well as CEMEX’s current plans based on such facts and
circumstances. These statements necessarily involve risks and
uncertainties that could cause actual results to differ materially
from CEMEX’s expectations. 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. CEMEX is not responsible for the content of any
third-party website or webpage referenced to or accessible through
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220802006121/en/
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
Analyst and Investor Relations Alfredo Garza / Fabián
Orta +1 (212) 317-6011 +52 (81) 8888-4327 ir@cemex.com
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