Cemex Invests $25 Million to Green UK Cement Plant
March 09 2021 - 11:52AM
Dow Jones News
By Dieter Holger
Cemex SAB de CV invested $25 million to make a British cement
plant run on green hydrogen and other low-emission fuels this year
as it aims to sell carbon neutral cement by 2050.
The Mexican company said Tuesday that it expects its site in
Rugby, United Kingdom to stop using fossil fuels by June, a project
that is part of a $100 million investment program in the UK that
has slashed 35% of emissions from its European operations from 1990
levels.
Cement is one of the most difficult industries to decarbonize.
Analysts say that green hydrogen, which is made from renewable
sources like wind and solar, is key to cutting emissions in the
sector.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
March 09, 2021 11:37 ET (16:37 GMT)
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