CEMEX to Operate Fully on Alternative Fuels at UK Cement Plant
May 30 2022 - 05:30PM
Business Wire
- CEMEX completes significant investment in new alternative fuel
facility at its Rugby cement plant.
- Investment aims to eliminate fossil fuel usage at the Rugby
cement plant and allow to operate on 100% alternative fuels.
- New facility is expected to produce carbon saving equivalent to
the annual emissions of more than 135,000 cars.
- CEMEX leads the industry with an emissions reduction target of
55% in Europe by 2030.
- CEMEX is on track to achieve a 40% emissions reduction in its
European operations this year.
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today the inauguration
of its new Climafuel facility at its Rugby cement plant in the UK.
This significant investment aims to allow the plant to eliminate
the usage of fossil fuels, operating 100% on alternative fuels.
Rugby is the first CEMEX plant to achieve this important milestone.
Climafuel is a waste derived fuel which is made using household
residual and commercial waste that would otherwise go to landfills.
This is another major milestone in CEMEX’s global Future in Action
decarbonization strategy.
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The new Climafuel facility at the CEMEX
Rugby cement plant in the UK. (Photo: Business Wire)
CEMEX in Europe leads the industry in its decarbonization
efforts. By the end of 2022, CEMEX is expected to achieve a 40%
reduction in carbon emissions in Europe, well on the way to its
target of a 55% reduction by 2030, a target aligned to the European
Union’s decarbonization goal. With the investment at Rugby’s plant,
CEMEX in Europe expects to process the equivalent annual residues
of a city the size of Madrid or Berlin and is expected to achieve
70% alternative fuel substitution in the region this year.
CEMEX’s CEO, Fernando A. González, visited the Rugby plant and
highlighted the success of the Climafuel investment. “I am proud of
CEMEX Europe’s continued leadership in our carbon action strategy.
It serves as the model for the rest of our regions. I expect CEMEX
to continue leading the way in our decarbonization journey. This
effort is not only the way to build a better future for the
communities in which we operate and society at large but it is also
the right thing for the future of the company. I look forward to
continued progress on our Future in Action strategy from all of our
regions.”
Reducing the use of fossil fuels at its cement plants is key to
CEMEX’s efforts to decarbonize operations as part of its Future in
Action strategy and global ambition of delivering net-zero CO2
concrete by 2050.
“With the completion of this considerable development, we have
set new records in alternative fuel substitution, the highest of
any of our plants and eventually expect to phase out completely the
usage of fossil fuels at the plant. We expect the Rugby plant to be
a model for other CEMEX cement plants around the world,” said
Sergio Menéndez, President of CEMEX Europe, Middle East, Africa
& Asia.
“CEMEX's investment into a new Climafuel facility at its Rugby
Cement Plant is a significant milestone in the company's ambitions
to decarbonize. With the Government’s commitment to reach net-zero
by 2050, it's important we support the adoption of alternative
fuels and the development of new, climate-friendly technologies to
help companies such as CEMEX move to a cleaner, greener future,”
said the UK Minister for Investment, Lord Grimstone.
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 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. 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. CEMEX is not
responsible for the content of any third-party website or webpage
referenced to or accessible through this press release, nor for any
third-party quotes cited herein.
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version on businesswire.com: https://www.businesswire.com/news/home/20220530005429/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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