Today, bp and CEMEX announced they will work together to accelerate the progress of CEMEX’s 2050 ambition to deliver net-zero CO2 concrete globally. Thus, the two companies agreed to a memorandum of understanding to develop solutions to decarbonize the cement production process and transportation.
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In fact, these potential solutions may include low-carbon power, low-carbon transport, energy efficiency, natural carbon offsets, and carbon capture utilization and storage technologies. Particularly, this effort is part of bp’s work to develop urbanization solutions envisioned to decarbonize cities.
A shared long-term vision of decarbonizing between bp and CEMEX
According to the company, helping cities and corporations to decarbonize is a core part of their long-term strategies. For instance, in bp’s case, the regions, cities & solutions (RC&S) team aims to build enduring relationships with cities and corporations around the world.
Notably, the team wishes to offer bespoke, integrated, and decarbonized energy solutions to complex energy needs. Thus, it provides energy that is clean, reliable, and also affordable.
Moreover, bp aims to decarbonize high-tech, consumer products, heavy transport, and heavy industry sectors. Therefore, it will be working with companies with significant carbon emissions to manage and share its net-zero ambition.
Juan Romero, Executive Vice President Sustainability, Commercial, and Operations Development of CEMEX, commented, “Concrete plays an integral role in society. Also, there are no substitutes for its key attributes, strength, and resilience. Thus, we believe it will continue to have a critical role in a low carbon economy.
Moreover, “the challenge for the industry is to find solutions to the manufacturing process emissions,” added Mr. Romero. Hence, “this initiative with bp is another example of the work we are doing with partners across industries, academia, and startups.”
Similarly, William Lin, bp’s executive vice president RC&S, said: “At bp, we want to help ‘greening companies’ meet their sustainability aims just as we are trying to do in our own company. In fact, we know that 70 percent of global emissions come from transport, industry, and energy and that cement making is energy-intensive.”
Therefore, “teaming up with progressive companies like CEMEX, which share a net-zero ambition and have complementary capabilities; will help speed up the decarbonization of the industry and the energy system. Now is the time to work together on the path to net-zero and along the way generate mutual value.”
Finally, Angélica Ruiz, bp’s head of country for Mexico and senior vice president for Latin America, said; “We’re proud to collaborate with a global company that shares our goal to transition to a more sustainable future. Indeed, CEMEX is taking a leading role in decarbonizing the global cement industry. Accordingly, it sets a fast pace of progress in all regions, including Mexico and Latin America. Thus, our collaboration with CEMEX is another step towards our ambition to be a net-zero company by 2050; or maybe sooner, and help the world to get to net-zero.”