bp and CEMEX have announced that they will work together on accelerating the progress of CEMEX’s 2050 ambition to deliver net-zero CO2 concrete globally.
The two companies have agreed to a memorandum of understanding to develop solutions to decarbonise 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 urbanisation solutions envisioned to decarbonise 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 startups 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.”
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 decarbonisation 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 decarbonise is a core part of bp’s long-term strategy. The RC&S team aims to build enduring relationships with cities and corporations around the world to offer bespoke, integrated and decarbonised energy solutions to complex energy needs – providing energy that is clean, reliable – and also affordable. And to decarbonise 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 decarbonising 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.”
Read the article online at: https://www.worldcement.com/europe-cis/14052021/bp-and-cemex-team-up-to-tackle-emissions/
You might also like
Asian carbon emitting companies will see consistent negative margins in the next decade if they do not decarbonise, a new report from Imperial College Business School has concluded.