Plan marks major milestone for the U.S. cement
and concrete industry
Continental Cement Company (“Continental Cement” or “the
Company”), a subsidiary of Summit Materials, Inc. (NYSE: SUM),
today joined an ambitious journey to achieving carbon neutrality
across the cement and concrete value chain by signing onto the
Portland Cement Association’s (“PCA”) Roadmap to Carbon Neutrality.
In collaboration with PCA’s other member companies and experts, the
Roadmap demonstrates how the U.S. cement and concrete industry can
collectively address climate change, decrease greenhouse gases and
eliminate barriers that are restricting environmental progress.
Given the significant role of cement in society and anticipated
infrastructure development, it is critical that the industry comes
together and acts now to create sustainable building solutions in
the decades to come.
“We are excited to support the PCA by signing the association’s
Roadmap to Carbon Neutrality,” commented Tom Beck, Continental
Cement Company President. “As a member of the Summit Materials
family of companies, a key focus of our sustainability strategy is
to reduce our CO2 emissions, particularly at our cement plants.
This Roadmap will help us and member companies find innovative
solutions so that we can continue to support our communities
through infrastructure while reducing our carbon footprint.”
The Roadmap focuses on a comprehensive range of reduction
strategies for stakeholders to adopt across all phases of the
material’s life cycle, such as reducing CO2 from the manufacturing
process, decreasing combustion emissions by changing fuel sources
and shifting toward increased use of renewable electricity.
Many of the solutions included in the PCA Roadmap are products,
technologies and approaches that exist today – and by bringing
together a variety of collaborators, PCA intends to ensure the
adoption of these solutions on a broad scale. This will accomplish
near-term benefits while constantly striving toward the long-term
success of reaching carbon neutrality.
Continental Cement is an established industry leader in the use
of alternative fuels, deriving an average of 40-45% of the
Company’s total fuel usage from alternative fuels (based on 2019
usage). The Company’s Hannibal Cement Plant co-processes both
liquid and solid hazardous waste as a fuel source, while its
Davenport Cement Plant uses non-hazardous alternative fuels from
surrounding industrial facilities. Continental Cement’s subsidiary,
Green America Recycling, is a crucial component for sourcing,
securing, and implementing the Company’s alternative fuel strategy.
As such, Green America is in the process of expanding its Hannibal
facility.
In addition to using alternative fuels in cement production,
Continental Cement Company is working with customers and specifiers
to commercialize Portland Limestone Cement (“PLC”) in all of its
markets. PLC reduces concrete embodied carbon by approximately 10%
while delivering resilient and durable infrastructure to our
communities.
Industry experts, researchers, policymakers and companies along
the value chain are imperative to realize the multitude of
solutions that must be developed across policies and regulations,
technology, innovation and demand generation – creating both
near-and long-term CO2 reduction opportunities and constantly
striving toward carbon neutrality.
Cement and concrete companies worldwide have committed to
achieve carbon neutrality across the value chain by 2050.
Addressing climate change is a global task, and the PCA Roadmap
presents a plan tailored to the U.S. cement and concrete industry.
PCA is aligned with the Global Cement and Concrete Association’s
Roadmap.
View the full Roadmap here.
About Continental Cement Company
Continental Cement Company is a leading provider of cement based
in Chesterfield, MO with plants in Hannibal, MO and Davenport, IA
and 9 distribution terminals along the Mississippi River between
Minneapolis, MN and New Orleans, LA. Continental Cement has built
its business on consistent quality, superior service, and
delivering a great experience since they began producing cement at
their Hannibal location in 1903. The Company provides high quality
cement for projects along the Mississippi corridor and is a
subsidiary of Summit Materials, Inc.
About Summit Materials
Summit Materials is a leading vertically integrated
materials-based company that supplies aggregates, cement, ready-mix
concrete and asphalt in the United States and British Columbia,
Canada. Summit is a geographically diverse, materials-based
business of scale that offers customers a single-source provider of
construction materials and related downstream products in the
public infrastructure, residential and nonresidential end markets.
Summit has a strong track record of successful acquisitions since
its founding and continues to pursue growth opportunities in new
and existing markets. For more information about Summit Materials,
please visit www.summit-materials.com.
About The Portland Cement Association (PCA)
Founded in 1916, PCA is the premier policy, research, education,
and market intelligence organization serving America’s cement
manufacturers. PCA members represent the majority of U.S. cement
production capacity, having facilities across the country. The
association promotes safety, sustainability, and innovation in all
aspects of construction, fosters continuous improvement in cement
manufacturing and distribution, promoting economic growth and sound
infrastructure investment. For more information, visit
www.cement.org
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the federal securities laws, which involve risks and
uncertainties. Forward-looking statements include all statements
that do not relate solely to historical or current facts, and you
can identify forward-looking statements because they contain words
such as “believes,” “expects,” “may,” “will,” “should,” “seeks,”
“intends,” “trends,” “plans,” “estimates,” “projects” or
“anticipates” or similar expressions that concern our strategy,
plans, expectations or intentions. These forward-looking statements
are subject to risks, uncertainties and other factors that may
cause our actual results, performance or achievements to be
different from future results, performance or achievements
expressed or implied by such forward-looking statements. We derive
many of our forward-looking statements from our operating budgets
and forecasts, which are based upon many detailed assumptions.
While we believe that our assumptions are reasonable, it is very
difficult to predict the effect of known factors, and, of course,
it is impossible to anticipate all factors that could affect our
actual results.
In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by us or any
other person that the results or conditions described in such
statements or our objectives and plans will be realized. Important
factors could affect our results and could cause results to differ
materially from those expressed in our forward-looking statements,
including but not limited to the factors discussed in the section
entitled “Risk Factors” in our Annual Report on Form 10-K for the
fiscal year ended January 2, 2021. Such factors may be updated from
time to time in our periodic filings with the Securities and
Exchange Commission (“SEC”), which are accessible on the SEC’s
website at www.sec.gov. We undertake no obligation to publicly
update or revise any forward-looking statement as a result of new
information, future events or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211013006097/en/
David Loomes Senior Vice President of Sales and Supply
Chain Continental Cement Company David.Loomes@continentalcement.com
636-532-7440
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