By Dieter Holger
Cemex SAB de CV invested $25 million to make a British cement plant run on green hydrogen and other low-emission fuels this year as it aims to sell carbon neutral cement by 2050.
The Mexican company said Tuesday that it expects its site in Rugby, United Kingdom to stop using fossil fuels by June, a project that is part of a $100 million investment program in the UK that has slashed 35% of emissions from its European operations from 1990 levels.
Cement is one of the most difficult industries to decarbonize. Analysts say that green hydrogen, which is made from renewable sources like wind and solar, is key to cutting emissions in the sector.
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(END) Dow Jones Newswires
March 09, 2021 11:37 ET (16:37 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.