- Award recognizes Cemex’s efforts to develop breakthrough
decarbonization technologies for the cement industry.
- Cemex uses concentrated solar power to produce clinker, the
main component of cement.
Cemex was awarded the Net-Zero Industries Award by Mission
Innovation at a ceremony during COP29 in Baku, Azerbaijan for its
revolutionary clinker decarbonization process using concentrated
solar power.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241120978042/en/
The Net-Zero Industries Award recognizes and celebrates
outstanding innovations in industrial decarbonization; it
spotlights the people and projects revolutionizing energy-intensive
industries and driving substantial reductions in greenhouse gas
emissions. Cemex’s solar clinker project is a collaboration with
cleantech company Synhelion, who developed the high-temperature
solar heat technology it uses.
“Together with Synhelion, we are pioneering solar-powered
clinker production, a breakthrough process that can contribute to
decarbonizing cement manufacturing,” said Davide Zampini, Vice
President of Global R&D at Cemex. “This award recognizes our
vision of achieving net-zero CO₂ emissions, as well as our passion
for innovation.”
“We congratulate Cemex on winning the Net-Zero Industries Award,
which is a testament to our shared vision to decarbonize cement
manufacturing and pave the way for a more sustainable industry,”
said Gianluca Ambrosetti, Co-CEO and Co-Founder of Synhelion. “The
solar clinker project is an example of the transformative power of
clean energy innovation in industrial processes.”
Cemex partnered with Synhelion in 2019 to reduce CO₂ emissions
in cement production. This collaboration led to a significant
milestone in 2022 with the first successful production of solar
clinker in a small-scale pilot.
Building on this success, the technology was scaled further in
2023 by enabling clinker production in a continuous manner over an
extended period – a key milestone for implementing the technology
at an industrial scale. Cemex and Synhelion are advancing toward
developing a solar-driven, industrial-scale pilot cement plant.
Mission Innovation is a global initiative to catalyze action and
investment in research, development, and demonstration to make
clean energy affordable, attractive, and accessible to all in this
decade.
The full Net-Zero Industries Awards winners list is available
at:
https://mission-innovation.net/missions/net-zero-industries-mission/net-zero-industries-award-2024/
About Cemex
Cemex 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 help 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
About Synhelion
Synhelion produces sustainable solar fuels. The cleantech
scale-up company is on a mission to contribute to a net-zero
transportation sector by replacing fossil fuels with renewable
solar fuels. Founded in 2016 as a spin-off of ETH Zurich, Synhelion
is now commercializing the Sun-to-Liquid technology. In June 2024,
the company inaugurated DAWN, the world’s first industrial plant
for the production of solar fuel in Jülich, Germany. RISE,
Synhelion’s first commercial production plant, will be located in
Spain and is scheduled to produce fuels from 2027. On its road to
defossilize transportation, Synhelion is supported by a network of
international partners such as Eni, Cemex, Lufthansa Group, Swiss
International Air Lines, SMS group, Wood, AMAG Group, Zurich
Airport, and Pilatus Aircraft. For more information, please visit
www.synhelion.com
Except as the context otherwise may require, references in this
press release to “Cemex,” ”we,” ”us,” ”our,” refer to Cemex, S.A.B.
de C.V. (NYSE: CX) and its consolidated subsidiaries. This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. We intend
these forward-looking statements to be covered by the “safe harbor”
provisions for forward-looking statements within the meaning of the
US Private Securities Litigation Reform Act of 1995. 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, unless otherwise indicated. These statements
necessarily involve risks, uncertainties, and assumptions that
could cause actual results to differ materially from Cemex’s
expectations, including, among others, risks, uncertainties, and
assumptions discussed in Cemex’s most recent annual report and
detailed from time to time in Cemex’s other filings with the U.S.
Securities and Exchange Commission and the Mexican Stock Exchange
(Bolsa Mexicana de Valores), which factors are incorporated herein
by reference, which if materialized could ultimately lead to
Cemex’s expectations and/or expected results not producing the
expected benefits and/or results. Forward-looking statements should
not be considered guarantees of future performance, nor the results
or developments are indicative of results or developments in
subsequent periods. These factors may be revised or supplemented,
and the information contained in this press release is subject to
change without notice, but Cemex is not under, and expressly
disclaims, any obligation to update or correct this press release
or revise any forward-looking statement contained herein, whether
as a result of new information, future events or otherwise, or to
reflect the occurrence of anticipated or unanticipated events or
circumstances. 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. 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. Cemex is not responsible for, and expressly disclaims
responsibility for, the content of any third-party website or
webpage referenced to or accessible through this press release.
There is currently no single globally recognized or accepted,
consistent, and comparable set of definitions or standards (legal,
regulatory, or otherwise) of, nor widespread cross-market consensus
i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or
having equivalent-labelled activity, product, or asset; or ii) as
to what precise attributes are required for a particular activity,
product, or asset to be defined as ‘green’, ‘social,’ or
‘sustainable’ or such other equivalent label; or iii) as to climate
and sustainable funding and financing activities and their
classification and reporting. Therefore, there is little certainty,
and no assurance or representation is given that such activities
and/or reporting of those activities will meet any present or
future expectations or requirements for describing or classifying
funding and financing activities as ‘green’, ‘social’, or
‘sustainable’ or attributing similar labels. We expect policies,
regulatory requirements, standards, and definitions to be developed
and continuously evolve over time.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241120978042/en/
Analyst and Investor Relations - New York Blake Haider +1 (212)
317-6011 ir@cemex.com
Analyst and Investor Relations - Monterrey Patricio Treviño +52
(81) 8888-4327 ir@cemex.com
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
Cemex SaB De Cv (NYSE:CX)
Historical Stock Chart
From Oct 2024 to Nov 2024
Cemex SaB De Cv (NYSE:CX)
Historical Stock Chart
From Nov 2023 to Nov 2024
