Welcome to our dedicated page for Cemex Sab news (Ticker: CX), a resource for investors and traders seeking the latest updates and insights on Cemex Sab stock.
Cemex SAB de CV (CX) is a global leader in building materials, providing essential cement, ready-mix concrete, and aggregates for infrastructure projects across 50+ countries. This dedicated news hub offers investors and industry professionals centralized access to official updates shaping the construction sector.
Track critical developments including quarterly earnings reports, sustainability initiatives, strategic partnerships, and operational expansions. Our curated collection ensures timely access to press releases and verified news affecting CX’s market position and industry trends.
Discover updates on product innovations, regulatory compliance efforts, and global supply chain developments. Bookmark this page to monitor how CX navigates evolving construction demands while maintaining its commitment to quality and operational efficiency.
CEMEX, a leader in construction materials, has set an ambitious target to achieve over 50% of its cement and concrete sales from Vertua low-carbon products by 2025. This initiative aims to support the transition towards a net-zero carbon future, with Vertua products showing a CO2 reduction of at least 25% compared to traditional options. The company's products have seen significant global adoption, accounting for 34% of cement sales in Q1 2022, almost doubling year-over-year. CEMEX emphasizes its commitment to sustainability and the circular economy.
CEMEX has announced a breakthrough in converting CO2 emissions into carbon nanomaterials, becoming the first in the cement industry to employ this technology. The process, achieving a 50% carbon conversion rate in lab tests, offers potential applications across various sectors, including electronics and biomedicine. This innovation, part of CEMEX's Future in Action decarbonization initiative, underscores their commitment to achieving carbon neutrality and enhancing sustainable practices within the construction industry.
CEMEX has partnered with Sasol and ENERTRAG to create sustainable aviation fuel by combining hydrogen and CO2. This initiative is part of CEMEX’s Future in Action program, aiming for a carbon-neutral operation at its Rüdersdorf plant by 2030. The project will utilize green hydrogen sourced from ENERTRAG and CO2 produced at CEMEX’s German facility, generating 100 tons of CO2 daily. The consortium includes over 20 partners focused on achieving the first carbon-neutral cement plant globally.
CEMEX and Synhelion have achieved a significant milestone by producing the world's first solar clinker, a crucial component in cement manufacturing. This groundbreaking innovation connects clinker production with solar energy, marking a pivotal step towards fully solar-driven cement plants. By eliminating fossil fuel use that contributes to 40% of CO2 emissions, this advancement aligns with CEMEX's commitment to carbon neutrality by 2050. The pilot project aims to scale up production and further revolutionize the cement industry.
Energy Vault, Inc. has announced a $50 million licensing deal with Atlas Renewable LLC and a $200 million upsized PIPE to fund its business combination with Novus Capital Corporation II (NYSE: NXU). The agreement, marking a first-of-its-kind partnership for gravity-based energy storage between a U.S. and Chinese firm, will support renewable energy projects in China. The initial deployment of a 100MWh energy storage system is set for 2022 in Jiangsu Province. The funds will ensure sufficient cash for the business combination, crucial for Energy Vault's expansion and sustainability efforts.
CEMEX has acquired sustainable waste management company Broquers Ambiental in Mexico as part of its Future in Action program aimed at achieving carbon neutrality. This acquisition will enable CEMEX to enhance its waste-to-fuel operations, currently processing over 500,000 tons of waste annually and avoiding the emission of more than 730,000 tons of CO2. Broquers plans to increase its workforce by 50 employees to expand its capacity, contributing to sustainability in Queretaro. The initiative aligns with CEMEX's goal of promoting a circular economy and reducing fossil fuel reliance.
Energy Vault, Inc. announces an upsized PIPE investment from $100 million to $150 million alongside a merger with Novus Capital Corporation II (NYSE:NXU). A strategic partnership with Korea Zinc's Sun Metals aims for a decarbonization plan, utilizing Energy Vault’s energy storage technology. The deal is expected to enhance deal certainty and support Energy Vault's growth initiatives. Sun Metals targets 100% renewable power by 2040. The business combination is anticipated to close in Q1 2022, subject to regulatory approvals.
CEMEX, S.A.B. de C.V. (NYSE: CX) announced that its 2030 global carbon emissions targets have been validated by the Science Based Targets initiative (SBTi). These targets aim for a 40% reduction in net GHG direct emissions from a 1990 baseline and a 42% reduction in indirect electricity emissions by 2030. CEMEX's Future in Action program supports this goal, targeting below 475 kg CO2 emissions per ton of cement and increasing clean electricity consumption from 29% to 55% by 2030.
