CEMEX Invests in Circular Economy in Mexico
January 28 2022 - 2:48PM
Business Wire
- CEMEX acquires sustainable waste management company “Broquers
Ambiental” in Mexico as part of its Future in Action program to
achieve carbon neutrality.
- Currently, CEMEX transforms more than 500,000 tons of waste per
year into climate-friendly fuels for its operations, avoiding the
emission of more than 730,000 tons of CO2, which is equivalent to
planting 12 million trees, thus helping to protect the environment
and promote a circular economy in Mexico.
CEMEX, S.A.B. de C.V. (“CEMEX”) announced the acquisition of
Broquers Ambiental ("Broquers"), a sustainable company that focuses
on the separation, recovery, and treatment of urban solid waste
generated in the city of Queretaro. This acquisition is part of
CEMEX's Future in Action program, aimed to achieve carbon
neutrality.
“With this acquisition, at CEMEX, we are firmly committed to the
circular economy by integrating our value chain to the production
of climate-friendly fuels that we use in cement production. Our
objective for this year is to double Broquer´s capacity and thereby
contribute to the progress towards sustainability in the city of
Queretaro, as well as the transformation of Mexico towards a green
economy,” said Ricardo Naya, President of CEMEX Mexico.
All waste processed at the Broquers plant will be used as a
climate-friendly fuel to power CEMEX's operations in Mexico; CEMEX
takes advantage of the energy generated from the processed waste to
use in its plants. Thanks to this process, CO2 emissions into the
atmosphere are reduced by replacing fossil fuels, one of the most
significant contributors to global warming.
Last year, CEMEX harnessed the energy of more than 500,000 tons
of waste to power its operations in Mexico, avoiding the emission
of more than 730,000 tons of CO2 per year or the equivalent of
planting 12 million trees.
Broquers expects to increase the current staff by 50 new
employees this year to expand its processing capacity.
Broquers was the first plant of its kind in Mexico to have
sophisticated waste separation equipment in line with European
standards for waste treatment. This results in a fast, highly
efficient, and safe industrial process that solves the challenge of
Queretaro´s municipal waste in a local, sustainable, and
environmentally friendly way.
Broquers will continue to operate ordinarily and comply, as
before, with all the conditions stipulated in its concession title
for the treatment of urban solid waste in the municipality of
Queretaro. Also, the transaction did not represent any legal or
financial impact for the city.
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/20220128005487/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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