The International Finance Corporation (IFC) signed an agreement to develop a roadmap to improve energy efficiency and reduce greenhouse gas emissions in Brazil's cement industry.
The deal with Brazil cement industry associations SNIC and ABCP will map "current and future technologies and their potential for energy efficiency improvement and greenhouse gas emissions reduction per ton of cement produced up to 2050," IFC said in a release.
The project includes a technical study on energy efficiency, and another on the use of alternative fuels.
Total investment by IFC in Latin America's cement sector has reached US$838mn to date; globally, it surpasses US$4bn.
Brazil's cement technology roadmap is the first of its kind and was developed in partnership with the International Energy Agency (IEA) and the World Business Council for Sustainable Development-Cement Sustainability Initiative.
"The challenge is considerable, since Brazil, according to IEA, is the country with the lowest potential for reducing CO2 emissions per ton of cement produced in the world, according to the degree of excellence already achieved," said the press release.