CEMEX Signs Research Agreement with Earth Engineering Center, Columbia University and City College o
CEMEX Signs Research Agreement with Earth Engineering Center, Columbia University and City College of New York
MONTERREY, Mexico & NEW YORK--(BUSINESS WIRE)-- CEMEX, S.A.B. de C.V. ("CEMEX") (NYS: CX) announced today a collaboration agreement with the Earth Engineering Center (EEC) at Columbia University and City College of New Yorkin which EEC will conduct a year-long study of the life cycle effects of using alternative fuels in cement manufacturing. This study will result in a better understanding of the role that alternative fuels play in society and the environment.
"This collaboration with EEC underscores the urgency of searching for alternative fuels given the continuing rise of oil prices and the increase of waste in landfills," said Luis Farias, CEMEX's Senior Vice President of Energy and Sustainability. "The alternative fuel strategy has already enabled CEMEX to avoid the emission of approximately 2.5 million tons of CO2 into the atmosphere per year."
Led by Professors Nickolas Themelis and Marco Castaldi, from Columbia University and the City College of New York, respectively, the study will focus on waste combustion technologies implemented in CEMEX kilns in the United States and Mexico.
"The study is of great interest to the EEC because cement production is the largest materials-based high-temperature process worldwide, therefore, cement kilns present a great potential to reduce the amount of wastes in landfills," explained Professor Themelis. "This study provides EEC with the opportunity to develop a knowledge position similar to that EEC has attained in the global waste-to-energy technology and industry."
Since 2005, CEMEX has invested more than US$ 175 million, adjusting its production process and installing equipment to use alternative fuels in its cement kilns. In 2012, CEMEX achieved approximately a 27% alternative fuel substitution rate in its cement production. CEMEX is on track to achieve its target of a 35% alternative fuel substitution rate in cement production by 2015.
The substitution of fossil fuels with alternative fuels result in numerous benefits such as the reduction of GHG emissions and use of greenfields for land filling, the displacement of fossil fuels, and lower energy costs.
The principal focus of EEC research is sustainable waste management and in particular the recovery of energy and materials from solid wastes. Some key EEC accomplishments include the BioCycle-Columbia bi-annual survey of waste generation and disposition in the U.S., three books on waste-to-energy, and over one hundred theses and technical papers on various waste management subjects.
For more information, please visit: http://www.seas.columbia.edu/earth/
CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. 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
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CEMEX assumes no obligation to update or correct the information contained in this press release and is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.
CEMEX, S.A.B. de C.V.
Jorge Pérez,+52 (81) 8888-4334
Eduardo Rendón, +52 (81) 8888-4256
Luis Garza, +52 (81) 8888-4136
KEYWORDS: United States Mexico North America Central America New York
The article CEMEX Signs Research Agreement with Earth Engineering Center, Columbia University and City College of New York originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.