Share this article Share this article LONDON and MONTERREY, Mexico, May 13, 2021 /PRNewswire/ -- bp ("bp") and CEMEX, S.A.B. de C.V. ("CEMEX") (NYSE: CX) announced today that they will work together on accelerating the progress of CEMEX's 2050 ambition to deliver net-zero CO 2 concrete globally. CEMEX logo The two companies have agreed to a memorandum of understanding to develop solutions to decarbonize the cement production process and transportation. These potential solutions may include low-carbon power, low-carbon transport, energy efficiency, natural carbon offsets, and carbon capture utilization and storage technologies. Additionally, they intend to work together to develop urbanization solutions envisioned to decarbonize cities.