Cemex and White Summit Capital partner to accelerate decarbonisation efforts

The envisaged partnership will focus on two key pillars of Cemex’s 'Future in Action' strategy: decarbonising its operations (for instance by reducing clinker factor, optimising fuel mix, increasing clean electricity, reducing transport emissions); and circularity (re-incorporating construction, demolition and excavation waste and transforming waste into energy).

Sergio Menéndez, President of Cemex Europe, Middle East, Africa & Asia, said: “We are pleased to have entered this collaboration with White Summit Capital and are excited to explore how together we can develop innovative solutions to decarbonise Cemex Europe operations and further strengthen our circularity positioning.”

“White Summit Capital is the right partner to support our sustainability ambitions as they offer capabilities that match our own projects, including on-site generation and storage of renewable energy, green hydrogen production, fleet electrification, and carbon capture. I believe this collaboration will help Cemex accelerate the achievement of our climate action goals."

Gonzalo López Medina, Managing Partner of White Summit Capital said: “Decarbonising hard to abate sectors such as the construction materials industry is capital intensive and requires specialisation and expertise. Through our portfolio companies we have implemented infrastructure investments that assist industrial partners in decarbonising their processes.”

“As a global leading construction materials company committed to decarbonise its operations with clear targets, Cemex represents the ideal partner to implement holistic solutions to decarbonise various aspects of their operations, from energy generation and consumption to material production and transportation. We are thrilled to support Cemex in becoming a reference for decarbonising the construction industry.”

Cemex’s climate action strategy, 'Future in Action', aims to lead the way in the construction industry with an overall global ambition of delivering net-zero carbon emissions by 2050. Cemex strives to constantly innovate and provide customers with a broad range of more sustainable solutions for the challenges of modern urbanisation.

Click here for free registration to World Cement

Read the article online at: https://www.worldcement.com/europe-cis/19032024/cemex-and-white-summit-capital-partner-to-accelerate-decarbonisation-efforts/