Cement News tagged under: Sweden
Cemvision raises EUR10m in landmark climate tech seed round22 March 2024, Published under Cement NewsIn the largest known green cement seed round to date, Sweden-based Cemvision joins forces with its compatriot investors Polar Structure and BackingMinds, and SF-based Zacua Ventures. BackingMinds and Polar Structure have invested the largest share of EUR10m, with Zacua contributing an additional amount for Cemvision to further develop its alternative to traditional Portland cement, reducing CO 2 by more than 95 per cent while retaining durability and performance. Cemvision is produced usi... |
ABB and Salt X extend collaboration for electrification of calcination process12 March 2024, Published under Cement NewsABB and Sweden-based green tech company Salt X have signed an agreement to enable further development of electric arc calcination (EAC). Under the new agreement, Salt X will further develop its innovative EAC technology, which makes it possible to reach several thousand degrees Celsius. The electric plasma solution reinvents industrial calcination and replaces fossil fuel-based heating with renewable electricity while capturing the CO₂ emissions released. ABB will contribute with contro... |
SaltX Technology EU patent for calcium-looping solution01 February 2024, Published under Cement NewsSaltX Technology, based in Sweden, has been granted an EU patent for an electrified 'calcium looping' carbon capture solution where the company's patented Electric Arc Calciner (EAC) forms a central role. The method means that CO 2 is captured from an emitter and bound with the help of lime and then transported to a central facility where the CO 2 is separated using the EAC technology. As a result, industries do not need to make a significant investment of their own for CO 2 separa... |
FLSmidth sells MAAG to Solix23 January 2024, Published under Cement NewsFLSmidth Cement sold its MAAG gears and drives business to Sweden-based investment company, Solix Group AB. The transaction is expected to close during the 1Q24 and includes all related assets, including intellectual property, technology, employees and customer contracts. The divestment of the MAAG business is in line with FLSmidth Cement’s GREEN’26 strategy, which in combination with a greater strategic focus on the Service business includes focussing the product portfolio on the core tec... |
New Gävle terminal for Schwenk29 December 2023, Published under Cement NewsAfter two years of planning and construction Schwenk inaugurated a new terminal in the Swedish port of Gävle in December 2023. The new terminal is 45m high and has a volumetric capacity of 8000m 3 . It is expected to have a throughput capacity of more than 90,000tpa. |
CRH and Volvo collaborate on net zero15 November 2023, Published under Cement NewsCRH and Volvo Group have signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in the construction industry. According to the companies, the MoU will focus on next-generation technology deployment, scaling cutting-edge technology, and operational efficiency. Both companies are on ambitious journeys to reduce emissions. Volvo Group’s target is to have 35 per cent fully-electric sales by... |
Cementir reports 36% rise in 1H net profit28 July 2023, Published under Cement NewsCementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in revenues in the Nordic and Baltic area, Belgium and the USA. In the 2Q23 cement and clinker volumes sold declined by 6.8 per cent YoY to 2.8Mt due to a slowdown in sales in Denmark, Turkey, Belgium and the USA, despite the increase seen in China, Egypt and Malaysia. In the 2Q23 sales of ready-mixed concrete were down ... |
Cementir posts 1Q23 revenue of EUR414.8m10 May 2023, Published under Cement NewsCementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR63.9m, a rise of 50.7 per cent when compared with the 1Q22. Meanwhile, net debt stood at EUR32.1m at 31 March 2023. Operating costs rose by 2.8 per cent to EUR342.5m when compared to EUR333.1m in the 1Q22. The cost of raw materials rose by 5.5 per cent YoY. Cement volumes (white and grey) totalled 2.34Mt, a f... |
Cementa prepares groundwork for 2030 electricity supply at Slite plant24 April 2023, Published under Cement NewsCementa ( Heidelberg Materials ) is working purposefully in three areas to enable the transition to its carbon capture and storage (CCS) facility at its Slite plant by 2030. The plant will need significantly more electricity, which will place great demands on the company as part of Gotland's electricity system as well as on the collaborations on which Cementa depend. Cementa is working to produce cement with as little energy as possible. Energy efficiency is also a decisive fact... |
SaltX Technology has patent awarded for EAC15 March 2023, Published under Cement NewsSaltX Technology has developed an electrified solution for the industrial process of calcination and has now been granted a patent for its electric calcination technology in Sweden. The Electric Arc Calciner (EAC) solution replaces fossil fuels with renewable electricity and isolates the CO 2 released from the material during heating. The innovation provides an entirely emission-free manufacturing process. The patent granted in Sweden covers several parameters, such as the cyclon... |