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CEMEX and Ocean Conservancy Team Up to Clean Cancun Beaches
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
CEMEX has partnered with Red Ambiental and Ocean Conservancy to clean Cancun's beaches, utilizing the collected waste as a sustainable alternative fuel for its cement operations. This initiative is part of CEMEX's Future in Action program aimed at achieving carbon neutrality. Ricardo Naya, President of CEMEX Mexico, emphasized their commitment to the circular economy, noting the importance of clean beaches for tourism. The waste collected will reduce CO2 emissions by replacing fossil fuels in cement production, supporting CEMEX's sustainability goals.
Positive
Partnership with Red Ambiental and Ocean Conservancy enhances sustainability efforts.
Use of collected waste as alternative fuel reduces CO2 emissions.
Initiative aligns with CEMEX's commitment to carbon neutrality.
Negative
None.
MONTERREY, Mexico--(BUSINESS WIRE)--
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it has teamed up with Red Ambiental and Ocean Conservancy to help clean Cancun’s beaches and use the collected waste as a more sustainable alternative to fossil fuels at cement plants. This initiative is part of Future in Action, CEMEX’s program to achieve carbon neutrality.
“CEMEX is firmly committed to the circular economy by integrating our value chain to the production of climate-friendly fuels that we use in cement production. Cancun’s beaches are key to Mexico’s tourism and a destination for millions of people worldwide, we are proud to contribute to achieving cleaner beaches,” said Ricardo Naya, President of CEMEX Mexico.
CEMEX, through its affiliate Pro Ambiente, the leading Mexican waste management company, worked alongside Red Ambiental to clean Playa Tortugas. Ocean Conservancy simultaneously cleaned Playa Gaviota Azul. The collected waste from both efforts will be used as a climate-friendly fuel to power CEMEX's operations in Mexico. CEMEX takes advantage of the energy generated from the processed waste to use in its plants. Thanks to this process, CO2 emissions into the atmosphere are reduced by replacing fossil fuels, one of the most significant contributors to global warming.
CEMEX (NYSE: CX) 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 use 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: cemex.com
CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. 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. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. 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 the content of any third-party website or webpage referenced to or accessible through this press release.
Analyst and Investor Relations
Alfredo Garza / Fabián Orta +1 (212) 317-6011
+52 (81) 8888-4327
ir@cemex.com
Source: CEMEX, S.A.B. de C.V.
FAQ
What is CEMEX's recent initiative in Cancun?
CEMEX has partnered with Red Ambiental and Ocean Conservancy to clean Cancun's beaches and use the collected waste as a sustainable fuel for its cement plants.
How does CEMEX plan to achieve carbon neutrality?
CEMEX's Future in Action program focuses on using climate-friendly fuels, such as waste, to reduce CO2 emissions in cement production.
What are the expected environmental benefits of CEMEX's initiative?
The initiative is expected to reduce CO2 emissions by replacing fossil fuels with processed waste in cement production.
When was CEMEX's beach cleaning initiative announced?
CEMEX announced the beach cleaning initiative on October 11, 2022.
What are the implications of CEMEX's initiative for its operations?
The initiative enhances CEMEX's sustainability efforts, potentially improving its public image and supporting its carbon neutrality goals.
