Press Releases

July 14, 2022

• CEMEX has signed a three-year agreement with VeryNile to help remove waste from the Nile River.
• CEMEX will use some of the collected waste as an alternative to fossil fuels in its Assiut cement plant.

CEMEX, S.A.B. de C.V. (“CEMEX”) announced today it has signed a three-year agreement to support waste removal efforts in Egypt’s Nile River. Some of the waste will be used as a more sustainable alternative to fossil fuels at CEMEX’s Assiut cement plant.

CEMEX will be collaborating with VeryNile, an initiative supported by the Ministry of the Environment in Egypt that develops eco-friendly solutions to remove inorganic waste from the Nile River. CEMEX will provide financial support to double the amount of waste collected and contribute to the direct employment of over 100 people in the fishing community of Qursaya. The program also includes activities to raise awareness among citizens to help reduce pollution and preserve the Nile River.

“CEMEX provides cities and other industries with solutions for waste management, helping build a zero-waste circular economy. The unique characteristics of our production process allows us to co-process over 1.5 million tons of waste per year in the EMEAA region, equivalent to the annual waste generated by a city the size of Madrid or Berlin,” said Sergio Menendez, President of CEMEX Europe, Middle East, Africa & Asia. “This collaboration will help ramp up waste collection efforts in the Nile River, replace fossil fuels in our production process, and lower our carbon footprint in Egypt.”

CEMEX is a net consumer of waste and provides waste management solutions in several cities around the globe. In 2021, CEMEX managed over 23 million tons of waste and byproducts from other industries globally.

Using waste as an alternative to fossil fuels mitigates the amount of waste sent to landfills. Landfilling generates methane, a greenhouse gas that is up to 80 times more harmful to the environment than CO₂. As part of its Future in Action program to reach carbon neutrality, CEMEX aims to increase its alternative fuels consumption globally to 50% by 2030.

The partnership with VeryNile also aligns with CEMEX’s commitment to foster a just transition to a low-carbon economy by remaining mindful of employability and lessening the divide between developed and developing nations. Education will be another major component of this partnership with an awareness campaign to change human behavior and reduce the creation of waste.

CEMEX’s commitment to clean waterways extends throughout its global operations. In Mexico, the company is part of the "United for the Mexican Beaches” initiative. In June 2022, beach cleanup activities were carried out along five kilometers of coastline in Oaxaca in which more than 50 thousand PET plastic bottles were collected.

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.