Cemex and Partners Inaugurate the Carbon Neutral Alliance at Rüdersdorf Cement Plant

By: CEMEX, S.A.B. de C.V. via Business Wire

May 31, 2022 at 13:07 PM EDT

Prof. Jörg Steinbach, Brandenburg’s Minister of Economy; CEMEX’s CEO, Fernando A. González; Marius Brand, Executive Vice President of Sasol: Sasol 2.0 Transformation; Dr. Helge Sachs, Senior Vice President of Sasol ecoFT, and the Mexican Ambassador for Germany, Francisco Quiroga, hosted the inauguration event.

CEMEX, S.A.B. de C.V. (“CEMEX”) and its partners announced today the inauguration of the Carbon Neutral Alliance, which aims to accelerate the development of innovative technologies designed to transform CEMEX’s Rüdersdorf plant into the first carbon-neutral cement facility by 2030.

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Brandenburg’s Minister of Economy, Prof. Jörg Steinbach, and Fernando A. Gonzalez, CEO of CEMEX, during the Carbon Neutral Alliance inauguration ceremony. (Photo: Business Wire)

The Carbon Neutral Alliance comprises a network of over 20 private and public entities, dedicated to climate innovation. Among the technologies being introduced at Rüdersdorf is a waste heat recovery project scheduled for the summer of 2022, as well as the development of renewable energy generation. Additionally, and as a result of CEMEX's cooperation with Sasol and ENERTRAG, the company expects to produce sustainable aviation fuel onsite.

Prof. Jörg Steinbach, Brandenburg’s Minister of the Economy; Fernando A. Gonzalez, CEO of CEMEX; Marius Brand, Executive Vice President of Sasol: Sasol 2.0 Transformation; Dr. Helge Sachs, Senior Vice President of Sasol ecoFT; and Francisco Quiroga, the Mexican Ambassador in Germany, met to inaugurate the consortium at the Rüdersdorf cement plant on May 31st. At the event, CEMEX reaffirmed its commitment to climate action and its ambition of achieving carbon neutrality by 2050. The Rüdersdorf Alliance is an important step in scaling the necessary technology to reach this goal.

"At the Rüdersdorf cement plant, we are introducing breakthrough decarbonization technologies that will bring the world closer to climate neutrality. Each step towards this goal is made easier through cooperation with our business partners,” said Fernando A. González, CEO of CEMEX. “We are delighted to be partnering with an alliance of world class industrial experts and with governmental authorities who are as committed as we are to decarbonization.”

The experience and knowledge gained from the Carbon Neutral Alliance will be an important foundation for CEMEX as it decarbonizes the cement production process at its plants around the world.

The activities of the Carbon Neutral Alliance are part of CEMEX's climate action program: Future in Action. In 2020, the company announced its decarbonization strategy, setting its own global target to reduce carbon emissions by 40% by 2030^*. This target is expected to be achieved in Europe in 2022. By 2030, CEMEX intends to reduce emissions at its European sites by 55%, in line with European Union's new strategy to reduce CO₂ emissions. CEMEX has also announced its goal to achieve net-zero carbon emissions in concrete by 2050.

CEMEX (NYSE: CX) 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 use 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

* Compared to 1990 emission levels.

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. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. 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. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events or otherwise. 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. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220531005815/en/

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Cemex and Partners Inaugurate the Carbon Neutral Alliance at Rüdersdorf Cement Plant

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