Cemex Sab - CX STOCK NEWS

Cemex has unveiled a new brand identity, its first change in over 30 years, to align with its evolution towards sustainable living. The refreshed logo reflects Cemex's commitment to innovation and sustainability, showcasing its ongoing initiatives such as Cement Go and Future in Action, which aim to decarbonize the building materials industry by 2030 and achieve net-zero CO₂ emissions by 2050. CEO Fernando A. González emphasized the importance of sustainable construction. This rebranding is part of Cemex’s strategy to enhance its role in the building materials sector and its focus on digital solutions and urbanization.

CEMEX has secured US$3.2 million from the U.S. Department of Energy for the Solar MEAD project, aimed at revolutionizing cement production through the use of concentrated solar thermal (CST) energy.

The initiative, in partnership with Sandia National Laboratories and Synhelion, seeks to eliminate fossil fuels in clinker production, a critical step for decarbonization.

Previous achievements include producing the first solar clinker in 2022. The project will enhance heat transfer efficiency and potentially lower costs in the carbon capture process, aligning with CEMEX's commitment to achieving net-zero emissions by 2050.

CEMEX, S.A.B. de C.V. (NYSE: CX) has partnered with Volvo Trucks to introduce the world’s first fully electric heavy concrete mixer truck, showcased in Berlin, Germany. This initiative stems from a 2021 agreement aimed at enhancing productivity and reducing carbon emissions in the construction sector. The Volvo FMX electric truck will operate from the Berlin Spandau ready-mix plant, demonstrating advancements in emissions-free transport. CEMEX aims to reduce CO2 emissions by approximately 47% by 2030 and achieve net-zero emissions by 2050 under its Future in Action program.

CEMEX, S.A.B. de C.V. (NYSE: CX) has launched Regenera, a circularity solutions business focused on waste management, recycling, and coprocessing. It aims to use non-recyclable refuse and industrial byproducts to substitute fossil fuels and raw materials in construction. Regenera serves various clients, including governments and NGOs across multiple regions, with notable projects in Mexico, Colombia, France, and Egypt. With over 20 years of experience in alternative fuels, CEMEX expects Regenera to drive revenue growth. The Urbanization Solutions sector of CEMEX has seen double-digit growth recently, indicating strong performance.

CEMEX has validated its 2030 carbon reduction goals through the Science Based Targets initiative (SBTi), positioning itself among the first in the cement industry aligning with a 1.5ºC climate scenario.

The company aims to become net-zero in CO₂ emissions by 2030, demonstrating substantial progress and commitment through its Future in Action program. CEMEX's initiatives are designed to reduce carbon emissions at every stage of the value chain, providing lower-carbon products to customers and playing a pivotal role in combating climate change.

CEMEX has launched CEMEX Ventures Leaplab, an acceleration program aimed at innovative startups tackling construction industry challenges. This 14-week initiative connects startups with CEMEX business units across six countries, offering mentorship and resources to enhance their value propositions in areas like Green Construction and Enhanced Productivity. The program seeks to validate business models quickly, ensuring CEMEX remains at the forefront of construction technology innovations.

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.

CEMEX has announced a commitment to achieve net-zero CO₂ emissions by 2050, submitting its Future in Action roadmap to the Science Based Targets initiative for validation. The company aims to align with a more ambitious 1.5º C scenario, moving beyond its previous 2º C goals. CEMEX plans to establish targets for scope 3 emissions and promote its Vertua product line, which includes lower-carbon solutions. The firm emphasizes innovation and sustainability as key components of its strategy in the construction materials industry.