Profitability

Profitability

Good Progress on UK/French Marine Project

A meeting was held at SPS, Port-Jérôme in February to ensure that CEMEX Marine UK and France continue to be totally aligned.

The teams had a great site visit and a progress update on the Prestigious H2V Project was provided.

The significant French H2V Normandy project is aiming to create a green hydrogen production plant, on land, in the industrial zone of Port-Jérôme between Le Havre and Rouen.?The new plant, developed by H2V and supported by RTE for the electrical connection of the plant, will produce green hydrogen with a very low environmental impact, which will then be would then be injected into the Port-Jérôme hydrogen distribution network. Local manufacturers, who today mainly use grey hydrogen, could thus reduce their carbon footprint by using green hydrogen produced by H2V.

Working in collaboration, CEMEX Marine and CEMEX France is supplying an estimated volume of 0.5 million tonne of dredged aggregate to the H2V project.

CEMEX Marine and CEMEX France have been working together for many years, developing their offering through Marine UK’s Dredgers, CEMEX France’s License Areas and wharves (SPS & Dunkirk). This latest contract – H2V, is the result of both teams collaborating and targeting additional external activity.

Discussions are now underway regarding a second and similar project located in the same area, start date, later 2023 to early 2024.