Veolia Mexico will produce alternative fuel in new plant
The Franco-Mexican energy company, Veolia, signed a 10-year contract with Cementos y Concretas Moctezuma to transform its industrial waste into alternative fuel to power its cement kilns. This facility will be the second of its kind operated by Veolia in the country and will be located in San Luis Potosí.
This contract seeks to reduce the carbon footprint by eliminating the use of 1,600 trailers, to avoid fossil fuel consumption. This is equivalent to planting more than 16 million trees in 10 years.
Thomas Renard, CEO of Veolia Mexico, said:
"As a strategic ally for Cementos y Concretas Moctezuma, we are committed to incorporating the circular economy as part of our business strategy and as an added value, transforming an asset that ceased to be useful into a product that generates value and thus boosts the competitiveness of our customer in the market."
The company is committed to the development of San Luis Potosí, making an initial investment of 94.7 million pesos to build the Alternate Fuel Formulation Plant (FCA) with the capacity to process up to 40 thousand tons of this type of waste per year.
The contract led by Veolia Soluciones Industriales contemplates a year and a half of construction, the generation of direct and indirect jobs that favors the local development of the community, and with the production, the first year, of 10 thousand tons that will be increased periodically until reaching its full capacity.
With the construction of the FCA plant in San Luis Potosí, the Franco-Mexican company strategically consolidates its presence in the Bajío, one of the most industrially active areas in the country.
By Mexicanist Source: Agency