- Cemex also unveiled the first fully electric ready-mix truck in
the Middle East during COP28 in Dubai.
Cemex announced that it now has over 1,000 heavy-duty trucks
powered with lower-carbon fuels as part of a comprehensive
transition strategy seeking to decarbonize its global fleet. This
initiative is part of the company’s flagship Future in Action
program to become a net-zero CO2 company by 2050.
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Cemex unveiled a prototype of a fully
electric mixer truck and expects to continue introducing and
testing new technologies gradually. (Photo: Business Wire)
Cemex has made significant investments over the last two years
in heavy-duty trucks powered by renewable diesel and natural gas.
These efforts have resulted in a reduction of approximately 5% in
CO2 emissions from its owned fleet. This aligns with Cemex’s
commitment to reduce third-party transport emissions by 30% by
2030, compared to the 2020 baseline.
“Our net-zero transition is supported by proven and readily
available lower-carbon technologies that guarantee that we meet our
short and medium-term decarbonization commitments,” said Fernando
A. González, CEO of Cemex. “At the same time, we remain at the
forefront of innovation and emerging transportation technologies so
we can achieve our ultimate goal of becoming a net-zero CO2 company
by 2050.”
Earlier in 2023, Cemex announced that Volvo Trucks had supplied
it with the world’s first fully electric and zero-emission heavy
concrete mixer truck. Additionally, the company has completed
several multi-country pilots using full electric ready-mix concrete
trucks. Most recently, at COP28 in Dubai, Cemex unveiled a
prototype of a fully electric mixer truck and expects to gradually
continue introducing and testing new technologies.
Cemex is implementing a multi-pronged approach to reduce
transport CO2 emissions, combining immediate action to accelerate
the use of readily available lower carbon fuels while actively
collaborating with partners to discover, pilot, learn, and scale
the long-term solutions needed to achieve net-zero, including
hybrid and zero-emission vehicles.
Renewable diesel and natural gas have a carbon footprint that is
approximately 70% and 25% lower than regular diesel, respectively.
These are critical transitional technologies that will enable a
reduction in carbon emissions in the short term as heavy-duty
electric vehicles become viable at an industrial scale.
While fully electric heavy-duty trucks are not yet widely
available on an industrial scale, Cemex is actively collaborating
with multiple original equipment manufacturers to advance net-zero
transportation technologies. The company expects to gradually
continue introducing and testing new prototypes for zero-emission
ready-mix concrete trucks to its fleet.
Cemex is a founding member of the First Movers Coalition (FMC),
which brings together business leaders with global footprints to
create market demand for zero-carbon solutions in this decade and
jump-start the scaling of these emerging technologies. FMC members
have committed to having 30% of their heavy-duty on-highway
transport purchases be zero emissions by 2030.
About Cemex
Cemex 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 help 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
Except as the context otherwise may require, references in this
press release to “Cemex,” ”we,” ”us,” ”our,” refer to Cemex, S.A.B.
de C.V. (NYSE: CX) and its consolidated subsidiaries. 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, unless otherwise indicated.
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 U.S. Securities and Exchange Commission and the
Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors
are incorporated herein by reference, which if materialized could
ultimately lead to Cemex’s expectations, expected results, and/or
the project and investment referred in this press release not
producing the expected benefits and/or results. Forward-looking
statements should not be considered guarantees of future
performance, nor the results or developments are indicative of
results or developments in subsequent periods. These factors may be
revised or supplemented, and the information contained in this
press release is subject to change without notice, but Cemex is not
under, and expressly disclaims, any obligation to update or correct
this press release or revise any forward-looking statement
contained herein, whether as a result of new information, future
events or otherwise, or to reflect the occurrence of anticipated or
unanticipated events or circumstances. 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.
There is currently no single globally recognized or accepted,
consistent, and comparable set of definitions or standards (legal,
regulatory, or otherwise) of, nor widespread cross-market consensus
i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or
having equivalent-labelled activity, product, or asset; or ii) as
to what precise attributes are required for a particular activity,
product, or asset to be defined as ‘green’, ‘social,’ or
‘sustainable’ or such other equivalent label; or iii) as to climate
and sustainable funding and financing activities and their
classification and reporting. Therefore, there is little certainty,
and no assurance or representation is given that such activities
and/or reporting of those activities will meet any present or
future expectations or requirements for describing or classifying
funding and financing activities as ‘green’, ‘social’, or
‘sustainable’ or attributing similar labels. We expect policies,
regulatory requirements, standards, and definitions to be developed
and continuously evolve over time.
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version on businesswire.com: https://www.businesswire.com/news/home/20231204697349/en/
Analyst and Investor Relations - Monterrey Fabián Orta +52 (81)
8888-4327 ir@cemex.com
Analyst and Investor Relations - New York Scott Pollack +1 (212)
317-6011 ir@cemex.com
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
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