Cemex has announced that it will work together with Volvo Construction Equipment and Volvo Trucks to develop a zero-emissions fleet with electromobility solutions that aligns with Cemex’s climate action program “Future in Action”.
The companies have reached a memorandum of understanding to closely collaborate to improve productivity and CO2 footprint through the global implementation of electromobility solutions on mobile construction equipment and trucks, productivity solutions, and uptime services. Initial developments and trials of technologies are planned for a European site.
Cemex shares many values with Volvo, and the companies are committed to reaching their sustainability targets and contributing to the decarbonization of the global economy. Both Cemex and Volvo bring together in this alliance unique experiences and approaches to innovation and technology that can drive real progress on climate action.
Under its Future in Action program, Cemex recently announced a climate action target of below 475 kg CO2 per metric ton of cementitious materials, an approximate >40% reduction in CO2 emissions, by 2030. This new goal aligns with the Well Below Two Degree scenario of the Science-Based Target initiative (“SBTi). The company also reaffirmed its 2050 goal of being net-zero carbon in concrete.