bp and CEMEX, S.A.B. de C.V., a global building materials company, 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 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.—uan Romero, executive vice president sustainability, commercial, and operations development of CEMEX