They have agreed to a memorandum of understanding to develop solutions to decarbonise the production process and transportation in the cement industry.
Potential solutions include low carbon power and transport, energy efficiency, natural carbon offsets and carbon capture, utilisation and storage (CCUS) technologies.
Juan Romero, Executive Vice President - sustainability, commercial and operations development at CEMEX said: “Concrete plays an integral role in society and there are no substitutes for its key attributes, strength and resilience. We believe it will continue to have a critical role in a low carbon economy and the challenge for the industry is to find solutions to the manufacturing process emissions.
“This initiative with bp is another example of the work we are doing with partners across industries, academia and start-ups to tap into the latest innovation and disruptive technology to achieve our ambition of delivering net zero CO2 concrete globally to all of our customers.”
The two companies also intend to work together to develop urbanisation solutions to help decarbonise cities.
William Lin, bp’s Executive Vice President – regions, cities & solutions (RC&S) said: “At bp, we want to help ‘greening companies’ meet their sustainability aims just as we are trying to do in our own company. We know that 70% of global emissions come from transport, industry and energy and that cement making is energy intensive.
“Teaming up with progressive companies like CEMEX, that share a net zero ambition and have complementary capabilities, will help speed up the decarbonisation of the industry and the energy system. Now is the time to work together on the path to net zero and along the way generate mutual value.”