Stay informed with our
free newsletters

BP and CEMEX Team Up on Net Zero Emissions

  • bp and CEMEX aim to develop solutions to decarbonize the cement production process and transportation
  • CEMEX and bp have aligned ambitions to arrive to net zero emissions by 2050 or sooner

bp (“bp”) and CEMEX, S.A.B. de C.V. ‎‎(“CEMEX”) (NYSE: CX) announced today that they will work together on accelerating the ‎progress of CEMEX’s 2050 ambition to deliver net zero CO2 concrete globally.William Lin, bp’s executive vice president, regions, cities & solutions (RC&S), said: “At ‎bp, we want to help ‘greening companies’ meet their sustainability aims just as we are trying to do in our own company. We know that 70% of global emissions come from transport, ‎industry and energy and that cement making is energy intensive. Teaming up with progressive companies like CEMEX, that share a net-zero ambition and have complementary capabilities, will help speed up the decarbonization of the industry and the energy system. Now is the time to work together on the path to net-zero and along the way generate mutual value.”

Helping cities and corporations to decarbonize is a core part of bp’s long-term strategy. ‎bp’s RC&S team aims to build enduring relationships ‎with cities and corporations around ‎the world to offer bespoke, integrated and decarbonized energy solutions to complex energy needs – providing energy that is clean, reliable – and also affordable. And to decarbonize high-tech, consumer products, heavy transport, and heavy industry sectors – working with companies that currently have significant carbon emissions to ‎manage and share bp’s net zero ambition.‎

Angélica Ruiz, bp’s head of country for Mexico and senior vice president for Latin ‎America, said: “We’re proud to collaborate with a global company that shares our goal to ‎transition to a more sustainable future. CEMEX is taking a leading role in decarbonizing ‎the global cement industry, setting a fast pace of progress in all regions, including ‎Mexico and Latin America. Our collaboration with CEMEX is another step towards our ‎ambition to be a net zero company by 2050 or sooner and help the world to get to net ‎zero.”‎

Smart Lighting Market - Analysis and Forecast, 2019-2025

Smart Lighting Market - Analysis and Forecast, 2019-2025

A Global Market and Regional Analysis: Focus on Smart Lighting Product and Application, Supply Chain Analysis, Country Analysis, and Impact of COVID-19 Period

Download free sample pages

The two companies have agreed to a memorandum of understanding to develop ‎solutions to decarbonize the cement production process and transportation. These ‎potential solutions may include low carbon power, low carbon transport, energy ‎efficiency, natural carbon offsets, and carbon capture, utilisation and storage ‎technologies. Additionally, they intend to work together to develop urbanization solutions ‎envisioned to decarbonize cities.‎

‎“Concrete plays an integral role in society, and there are no substitutes for its key ‎attributes, strength, and resilience. We believe it will continue to have a critical role in a ‎low carbon economy, and the challenge for the industry is to find solutions to the ‎manufacturing process emissions,” said Juan Romero, executive vice president ‎sustainability, commercial, and operations development of CEMEX. “This initiative with ‎bp is another example of the work we are doing with partners across industries, ‎academia, and start-ups to tap into the latest innovation and disruptive technology to ‎achieve our ambition of delivering net zero CO2 concrete globally to all of our ‎customers.”‎

 

Source: BP
Date: May 20, 2021


Share this news: