CEMEX Contributes to Circular Economy With Launch of Its Regenera Waste Management Business
January 25 2023 - 7:30AM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today the launch of
Regenera, a business that provides circularity solutions, including
reception, management, recycling, and coprocessing of waste.
Regenera leverages CEMEX’s global footprint and the ability of its
production processes to use non-recyclable refuse and industrial
byproducts as more sustainable substitutes for fossil fuels and
natural raw materials.
Regenera aims to serve a diverse client base which includes
industrial, manufacturing, and waste collection companies, NGOs,
and governments. Regenera provides sustainable solutions for three
major waste streams: municipal and industrial, construction,
demolition, and excavation (CDEW), and industrial byproducts.
Regenera is present in CEMEX’s four regions: Mexico, the US, Europe
the Middle East and Asia, and South-Central America and the
Caribbean.
“The building materials industry can be a major contributor to a
more circular society, and its role in sustainably disposing of
waste and byproducts is key to a greener economy,” said Fernando A.
González, CEO of CEMEX. “CEMEX has over 20 years of experience
managing and utilizing alternative fuels and raw materials,
Regenera is the natural evolution of this experience and an
important avenue for revenue generation through sustainable
businesses.”
Regenera is actively working on several major projects and
partnerships throughout the world:
- In Mexico, Renegera, formerly known as Pro Ambiente, has a long
track record of helping public and private partners manage several
waste streams, processing almost two million tons per year.
Regenera is working with the government of Mexico City on its “Zero
Waste Plan”, turning the city’s refuse into fuels, thereby reducing
the amount sent to landfills. In Queretero, Regenera processes over
80% of the urban solid waste generated in the city.
- In Colombia, Regenera has signed an agreement to work with
Tetrapak, a leading global food processing and packaging solutions
company. Regenera will receive and separate multilayer cartons at
its facility and returns those that can be reused or recycled to
Tetrapak. Additionally, through its recently launched Circularity
Center located in Bogotá, Regenera collected over 1.5 million cubic
meters of CDEW for the generation of recycled aggregates.
- In France, Regenera operates a multiservice dock located in an
industrial harbor in Paris offering a wide range of circular
economy services to the construction industry. The company receives
a variety of materials, including construction debris, excavated
material and inert soil, which it sorts, processes, and transforms
into recycled aggregates or organic material used to restore
quarries.
- In Egypt, Regenera has signed a three-year agreement with the
NGO Very Nile to support waste removal efforts from the Nile River.
The recovered non-recyclable materials will be used to substitute
fossil fuels at CEMEX’s Assiut cement plant.
Regenera is part of CEMEX’s growing Urbanization Solutions
business. Urbanization Solutions have been a highlight of CEMEX’s
recent performance. In its third quarter 2022 report, the CEMEX
announced double-digit growth in both sales and EBITDA for this
business.
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: www.cemex.com
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, uncertainties, and assumptions that could cause
actual results to differ materially from CEMEX’s expectations,
including, among others, risks, uncertainties, and assumptions
discussed in CEMEX's most recent annual report and detailed from
time to time in CEMEX’s other filings with the Securities and
Exchange Commission, which factors are incorporated herein by
reference, which if materialized could ultimately lead to CEMEX,
including its Regenera business, not reaching the results or having
the effects stated in this press release. 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. Any or all
of CEMEX’s forward-looking statements may turn out to be
inaccurate. 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. 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/20230125005179/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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