On Thursday, integrated energy major bp and Mexico’s building materials giant CEMEX jointly announced that they will partner on initiatives to speed the rollout of net zero carbon emitting concrete on a global scale. The companies have reached a memorandum of understanding (MoU) to develop methods of decarbonizing cement production and transportation, potentially including low carbon power and transportation, energy efficiency, natural carbon offsets, as well as carbon capture, storage and utilization technologies. The companies have also agreed to work together on urbanization solutions to decarbonize global cities. Both CEMEX and bp have aligned ambitions of achieving net zero emissions no later than 2050.