CEMEX supplies lower carbon cement for major renewable energy projects in Europe - CEMEX supplies lower carbon cement for major renewable energy projects in Europe
February 2, 2023
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it is providing Vertua lower carbon cement for three high-profile renewable energy projects in Croatia and Bosnia and Herzegovina. The projects include wind farms in Croatia and Bosnia and Herzegovina and a hydropower plant in eastern Herzegovina.
In addition to providing renewable energy sources for its communities, the projects should have a lower carbon footprint due to their use of Vertua cement. Vertua is CEMEX’s portfolio of sustainable products that leverage cutting-edge technology and innovation to help clients meet their construction needs.
“We are proud to support the renewable energy transition with our Vertua family of products,” said Sergio Menéndez, President of CEMEX Europe, Middle East, Africa & Asia. “CEMEX is constantly innovating building solutions to enable its customers to be at the forefront of a lower carbon and circular construction industry.”
Ivovik wind farm, the most significant investment in renewable energy sources in Bosnia and Herzegovina, will have 20 wind turbines and is expected to produce enough energy to meet the demand of more than 100,000 households. For this project, CEMEX is supplying Vertua Ultra lower carbon cement for the turbine concrete foundations. The wind farm is expected to reduce annual CO2 emissions from energy production by about 240,000 tons. As of now, ten foundations out of 20 have been completed.
Two wind farm projects near Obrovac in the Dalmatia region of Croatia consist of a total of 25 wind turbines. Vertua Plus cement is being used to produce concrete for the foundations on which the wind turbines will be mounted.
CEMEX is providing Vertua lower carbon cement for the hydro tunnel of the Dabar hydropower project in eastern Herzegovina. In 2022, CEMEX provided 21,000 tons of cement to produce concrete installed in the tunnel lining using special steel formwork.
Vertua has a specialized portfolio of sustainable, high-quality construction products that can significantly impact the planet due to their attributes. Vertua allows customers to tailor their projects' sustainable characteristics through its five specific and measurable attributes: lower carbon, energy efficiency, water conservation, recycled materials, and design optimization.
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: www.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