Building materials specialist Cemex has officially opened a construction, demolition and excavation waste recycling facility in Israel.
The site in Tel Aviv will process an estimated 500 000 tonnes of building waste per year. The mixed scrap will produce recycled building materials as much as possible, the company says.
Main suppliers will be demolition companies while customers include concrete, flooring and infrastructure outfits.
The Tel Aviv facility was acquired earlier this year as part of Cemex’s purchase of a 51% stake in Israeli player Shtang Recycle.
The recycling plant will play an important role in the growth of Cemex’s sustainability efforts which include reaching net zero by 2050. Its circular business model is driven by a new division, Regenera Waste Management, which was launched in January. It is active in the US, South-Central America, Europe, the Middle East, Asia and the Caribbean.
The global construction and demolition market was worth almost US$ 33 billion in 2021 (30.5 EUR billion). The sector is expected to reach US$ 55 billion by 2030.