bp to help boost CEMEX’s 2050 net zero CO2 ambition

British energy major bp said it will work with CEMEX, S.A.B. de C.V., a global building materials company, to accelerate the progress of CEMEX’s  2050 ambition to deliver net zero CO2 concrete globally. 

The two companies have agreed to a memorandum of understanding (MoU) 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,” said Juan  Romero, executive vice president sustainability, commercial, and operations development of CEMEX.  “This initiative with bp is another example of the work we are doing with partners across industries,  academia, and start-ups to tap into the latest innovation and disruptive technology to achieve our  ambition of delivering net zero CO2 concrete globally to all of our customers.” 

“At bp, we want to help ‘greening companies’ meet their sustainability aims just as we are trying to do in our own company. We know that 70% of global emissions come from transport, industry and energy and that cement making is energy intensive. Teaming up with progressive companies like CEMEX, that 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,” said William Lin, bp’s executive vice president, regions, cities & solutions (RC&S).

Helping cities and corporations to decarbonize is a core part of bp’s long-term strategy. bp’s RC&S  team aims to build enduring relationships with cities and corporations around the world to offer  bespoke, integrated and decarbonized energy solutions to complex energy needs—providing energy  that is clean, reliable—and also affordable. And to decarbonize high-tech, consumer products, heavy transport, and heavy industry sectors—working with companies that currently have significant carbon emissions to manage and share bp’s net zero ambition. 

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. CEMEX is taking a leading role in decarbonizing the global cement industry, setting  a fast pace of progress in all regions, including Mexico and Latin America. Our collaboration with  CEMEX is another step towards our ambition to be a net zero company by 2050 or sooner and help  the world to get to net zero.”