CEMEX to purchase clean electricity for Spanish cement operation

CEMEX to purchase clean electricity for Spanish cement operation

July 21, 2022
MONTERREY, MEXICO. JULY 21, 2022 – CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it has signed a power purchase agreement with ACCIONA Energía for the supply of clean electricity for CEMEX’s cement operations in Spain. The agreement strengthens CEMEX’s efforts to ensure a sustainable and reliable supply of energy while also providing cost certainty for its operations in Europe.

“Increasing clean electricity consumption is a key part of our decarbonization roadmap,” said Sergio Menéndez, President of CEMEX Europe, Middle East, Africa & Asia. “This agreement shows our commitment to our clean energy transition, building on the success of similar agreements in other geographies.”

CEMEX has standing agreements to acquire clean electricity in several countries globally. Earlier this year, the company announced its cement operations in Guatemala would run entirely on 100% clean electricity from Enel Green Power.

CEMEX has an ambitious Scope 2 goal to obtain 55% of its electricity needs for cement operations from clean sources by 2030. Scope 2 emissions are indirect greenhouse gas emissions associated with the purchase of electricity; their reduction is key to the company’s Future in Action program to achieve carbon neutrality. In 2021, the company achieved a clean electricity rate of 30% in its cement operations worldwide.



Notes to Editors: 

About CEMEX:
CEMEX announced its Climate Action strategy; ‘Future in Action – Committed to Net Zero CO2’ in February 2020, and as part of this, by 2030 it plans:
•    To be below 475kg of CO2 per ton of cementitious material, equivalent to a 40% reduction*
•    To reduce the carbon content per cubic meter of concrete to 165kg, equivalent to a 35% reduction*
•    To reach 55% in clean energy consumption

* According to our 1990 baseline

CEMEX 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