Tag: Cemex

CEMEX ambitious 2030 climate targets validated to be in line with the latest science

Stuart Mitchell

CEMEX, S.A.B. de C.V. (“CEMEX”) has announced that the Science Based Targets initiative (“SBTi”) has validated the company’s 2030 global carbon emissions targets, which are a key component of Future in Action, CEMEX´s program focused on developing low-carbon products, solutions, and processes to transition to a net-zero CO2 company by 2050. According to SBTi, the foremost authority on science-based climate action goals, CEMEX’s targets are in conformance with its criteria and recommendations to approve companies´ targets and in line with what the climate science deems necessary to meet the goals…

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Carbon Clean raises $8 million through Series B extension with CEMEX as new investor

Stuart Mitchell

Carbon Clean, a leader in developing cost-effective carbon dioxide capture and separation technology, announced today it has raised $8 million from new investor CEMEX and existing investors Equinor Ventures, ICOS Capital, and WAVE Equity Partners. The capital raise extends Carbon Clean’s successful $22 million Series B investment round announced in July 2020, bringing the total value of the round to $30 million. San Pedro, Mexico-based CEMEX, a global leader in the building materials industry, announced earlier this year its US operations were awarded a grant from the US Department of…

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bp and CEMEX team up on net zero emissions

Stuart Mitchell

bp and CEMEX, S.A.B. de C.V. 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 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…

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CEMEX strengthens its commitment to the UN Sustainable Development Goals

Stuart Mitchell

CEMEX, has announced that it is strengthening its commitment to the United Nations (UN) Sustainable Development Goals (SDGs) by prioritizing five goals that are directly connected with the company’s business and represent a better opportunity to contribute to the UN 2030 Agenda. These five goals are focused on the promotion of decent employment and economic growth (SDG 8); innovation and infrastructure development (SDG 9); climate change mitigation (SDG 13); environmental and ecosystem conservation (SDG 15); and the advancement of sustainable cities and communities (SDG 11). The five priority SDGs represent…

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