Volvo Group, CEMEX target creation of first zero emission fleet
CEMEX 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.
Rodrigo Konda, Key Account Manager at Volvo Construction Equipment, said that "CEMEX is a great example of how a company can truly commit to becoming carbon neutral in an energy-intensive industry such as construction materials. We are eager to partner with them and work together with an ambition to create the first CO2-neutral fleet in the construction space with our best-in-class productivity services as well as electromobility solutions."
"Working together with a leading global company in electromobility construction equipment and trucks such as Volvo will strengthen our efforts to address climate change and reduce our carbon footprint to reach net-zero by 2050. We are excited to collaborate and develop a plan roadmap to introduce electric trucks and equipment throughout our operations," said Vicente Saiso, Head of Global Sustainability of CEMEX.
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. As global leaders in their respective industries, 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 leading industry climate action target of below 475 kg CO2 per metric ton of cementitious materials, an approximate >40 percent reduction in CO2 emissions, by 2030. This new goal aligns with the Well Below Two Degree scenario of the Science-Based Target initiative. The company also reaffirmed its 2050 goal of being net-zero carbon in concrete.
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