CEMEX and BP Join Forces to Reach Net Zero EmissionsBy Cas Biekmann | Wed, 05/19/2021 - 09:12
Construction materials giant CEMEX and British oil and gas supermajor BP have joined forces to achieve CEMEX’s global net zero emissions ambitions by 2050. Despite CEMEX headquartered in Mexico, it is present in 50 countries worldwide.
The companies have signed a memorandum of understanding, which will allow them to develop solutions with the goal of lowering emissions for CEMEX’s cement production and transport processes. Among these solutions, the companies have said they could utilize clean power, low-emission trans part, energy efficiency measures and carbon offsets, as well as technologies to capture, use and store carbon. Solutions to decarbonize cities through smart urbanization are also among the prospects.
“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 in a press release. “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,” he added.
Angélica Ruiz, Head of Country for BP in Mexico and Senior Vice President in Latin America, added that the company is proud to collaborate with CEMEX on their shared goals regarding a 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,” added Ruiz.
For BP, helping companies to clean up their operations with the goal to become more sustainable has become part of its core strategy, which includes its own net-zero ambitions by 2050. “We need to reinvent BP. Our historic structure has served us well but, to keep up with rapidly-evolving customer demands and society’s expectations, we need to become more integrated and more focused. So, we are undertaking a major reorganization, introducing a new structure, a new leadership team and new ways of working for all of us,” said CEO Bernard Looney in a press release outlining the company’s strategy. In March 2021, BP announced it was going to build the UK's largest hydrogen plant, with a capacity of up to 1GW of blue hydrogen, using natural gas as the basis.