CEMEX and 3M join forces to create a better future - CEMEX and 3M join forces to create a better future
April 7, 2022
- CEMEX and 3M sign agreement to use waste as an energy source in Panama.
- CEMEX will utilize 3M’s waste as an emissions-reducing alternative fuel in its operations.
CEMEX, S.A.B. de C.V. (“CEMEX”) expands its pioneering use of alternative fuels with an agreement with 3M in Panama to process their industrial waste. This collaboration aligns with CEMEX’s Future in Action strategy to reduce its carbon footprint and contribute to a circular economy.
This agreement adds to CEMEX’s extensive capacity to repurpose society’s waste in its operations, reducing the carbon footprint of its own productions processes as well as the amount of waste sent to landfills. Decomposition in landfills produces methane gas, a greenhouse gas that is 25 times as potent as carbon dioxide at trapping heat in the atmosphere. 3M will transfer approximately 30 tons of its waste per year that CEMEX will use as an alternative fuel to produce high-quality cement for the Panama market.
"With this agreement, we will ensure that our waste has a second use and carry out the co-processing of our waste, valuing the waste as an alternative fuel; helping to reduce greenhouse gas emissions, better waste management, and reduction in the use of fossil fuels," said Enrique Aguirre, Managing Director of 3M in the Central America and Caribbean Region.
“We are very pleased to make this alliance that strengthens our company’s path towards our carbon neutrality goal by 2050. CEMEX and the building materials industry can play an important role in the creation of a truly circular economy. As evidenced by this agreement, we welcome this challenge and are moving aggressively to create the better circular world of the future,” said Jesús González, President of CEMEX South, Central America, and the Caribbean.”
3M will transfer waste from its manufacturing process with a high calorific value, such as residual foam and wool, to CEMEX. This high calorific waste allows cement kilns to achieve the high heat level necessary of 1,500 degrees Celsius (2,700 degrees Fahrenheit) for the production of cement.
3M, a company that improves people's lives through science, has a deep commitment to sustainability. That is why it has taken various actions to make its manufacturing processes more efficient. The company expects to reduce its carbon emissions across all operations further globally, achieving a 50% reduction by 2030, an 80% reduction by 2040, and 100% carbon neutrality in all its operations by 2050.
As part of its Future in Action program, CEMEX is leading the path to carbon neutrality in the building materials industry and has the ambition to deliver only net-zero CO2 concrete globally by 2050.
3M (NYSE: MMM), applies science in collaborative ways to improve people's lives daily. With US$33 billion in annual sales, its more than 90,000 employees connect with customers all around the world. Learn more about 3M's creative solutions to global challenges at www.3M.com.
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
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