Press Releases

February 22, 2021

• The company leads the cement industry in the use of hydrogen to reduce CO₂ emissions.
• After a successful trial in Spain in 2019, all CEMEX cement plants in Europe are now using hydrogen as part of their fuel mix.
• Moving fast to deploy hydrogen technology throughout its global operations.

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it has successfully introduced ground-breaking hydrogen technology as part of its fuel mix in all of its cement plants in Europe. With an estimated US$40 million investment program, it is also moving quickly to extend this technology to the rest of its operations around the world, including Mexico, the USA, South, Central America and the Caribbean, Africa, and Asia.

This innovative technology using hydrogen, which emits zero CO₂ from combustion, enables further reduction of fossil fuels, improves energy efficiency and consequently is another milestone towards CO₂ emissions reduction targets.

The company executed initial trials of this technology at the Alicante Cement Plant in Spain in July 2019 and quickly confirmed its potential as a lever to significantly reduce CO₂ emissions. The technology was installed in 2020 in all cement plants in Europe. In 2021, CEMEX will roll this out to substantially all its global operations. With this new technology, hydrogen enhances the cement kiln's combustion process, adding another relevant tool in the company's 2030 roadmap to reduce CO₂ emissions in the short term.

“The fast adoption of this new hydrogen-based technology is a clear example of CEMEX's innovation efforts and its strong commitment to decarbonize the cement production process," said Roberto Ponguta, CEMEX Vice-president of Global Operations, Technical and Energy. "We continue to identify and deploy existing technologies which have a high potential to contribute to our sustainability goals, and hydrogen is a key lever.”

In 2020, CEMEX announced its Climate Action strategy, defining a global target of a 35% reduction of CO₂ emissions per ton of cementitious products by 2030. For its operations in Europe, CEMEX also defined a 55% reduction target, in line with what the European Commission set as a new goal for all its member states. To complement this strategy with a longer-term vision, CEMEX also established an ambition to deliver net-zero CO₂ concrete to all its customers globally by 2050.

CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. 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. The Company assumes no obligation to update or correct the information contained herein.