Cement News tagged under: Western Europe
Saint-Gobain issues first double green bond27 March 2024, Published under Cement NewsSaint-Gobain has successfully priced its first double green bond, reinforcing its commitment to sustainable construction. This follows a Sustainability Linked Bond in August 2022 and renewal in December 2023 of its backup revolving credit facility as a Sustainability Linked Loan. Two tranches of the green bond have been issued – EUR1bn with a six-year maturity and a 3.375 per cent coupon, and EUR1bn with a 10-year maturity and a 3.625 per cent coupon. According to the company, the bonds... |
CRH completes lime divestment deal in UK27 March 2024, Published under Cement NewsIn November 2023 CRH announced that its had reached an agreement to divest its lime operations in Europe to SigmaRoc for around US$1.1bn. The first phase of the deal was completed in January 2024, comprising the operations in Germany, Czech Republic and Ireland. CRH has now completed the second phase of the transaction, comprising its UK lime operations. The final phase, concerning the assets in Poland, is due to complete later this year. The deal includes 16 operating locations a... |
Carbon Re appoints new CEO27 March 2024, Published under Cement NewsCarbon Re has appointed experienced entrepreneur Josh Vernon as its new CEO. Carbon Re is an industrial AI company that is focussed on decarbonising energy intensive industries such as cement, steel and glass. Josh Vernon has relocated from Sydney, Australia, to join Carbon Re in London. His most recent role was with Humanforce, Australia’s leading provider of HR/HCM tools to frontline workers. Josh joined Humanforce following the sale of Earnd, where he was co-founder and CEO. Earnd, Aus... |
Heidelberg Materials and UK Government plan Padeswood carbon capture principles26 March 2024, Published under Cement NewsMinister for Energy Efficiency and Green Finance Lord Callanan visits Heidelberg Materials’ Padeswood cement works Heidelberg Materials has signed a statement of principles with the UK Government’s Department for Energy Security and Net Zero for its planned carbon capture plant at Padeswood cement works. The agreement marks a milestone for the project and Heidelberg Materials and the UK Government will now enter final negotiations, with the aim of making a final d... |
ABB and Captimise sign MoU for European CCUS projects26 March 2024, Published under Cement NewsABB and Captimise are extending their collaboration to drive the adoption of cost-effective carbon capture, utilisation and storage (CCUS) technologies in the cement industry. Under a Memorandum of Understanding (MoU), the two companies will develop screening, feasibility and front-end engineering and design (FEED) studies for European projects. The initiative will support cement producers in identifying suitable and cost-efficient carbon capture technologies covering their full carbon chain... |
CO2 capture and storage - a German pipe dream waiting to happen?22 March 2024, Published under Cement NewsThis week, a report on Germany's CO2 pipeline infrastructure by the country's cement industry association, VDZ, estimated that a total of 4800km of CO2 pipelines is needed, costing EUR14bn, to decarbonise. Moreover, as the cement industry and other heavy industries in the EU emission trading scheme must produce a largely climate-neutral business, the CO2 pipeline network has to be in place by 2040. VDZ's pipeline transport costs are approximately EUR25-30/t CO 2 . For longer distances of ... |
Heidelberg Materials Italy signs clean energy PPA22 March 2024, Published under Cement NewsHeidelberg Materials Italy ( Italcementi ) has signed a power purchase agreement (PPA) with OX2, Europe’s leading producer of renewable energy. The PPA covers the supply of an average of 36.6-51.2GWh of clean energy over a seven-year period from 2025-2032. The majority of the energy will be sourced from OX2’s Stornarella wind farm near Foggia, Italy. The wind farm, which was purchased by Glennmont Partners, now Nuveen Infrastructure, is currently under construction and due to be complet... |
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... |
Successful kiln lift at Mergelstetten's catch4climate project21 March 2024, Published under Cement NewsA 700t crane was used to lift the kiln into position at Mergelstetten cement plant, Germany, for the ‘catch4climate’ CO 2 capture project on 7 March 2024. The four European cement manufacturers Buzzi SpA ( Dyckerhoff GmbH ), Heidelberg Materials AG , Schwenk Zement GmbH und Co KG and Vicat SA joined forces in In 2019 to start the research company CI4C GmbH & Co KG to jointly realise the ‘catch4climate’ CO 2 capture project. Schwenk's Mergelstetten plant, for the construction a... |
Heidelberg Materials opens new bagging centre at Mitchell plant21 March 2024, Published under Cement NewsHeidelberg Materials North America has installed a state-of-the-art packaging system at its Mitchell plant in Indiana, the second-largest cement plant in North America. The new bagging centre and rotating packaging system features a Ventomatic GIROMAT EVO V12 Rotary Packer, representing the latest technology. The 12-spout automated rotating packaging system can fill 3600 bags/h. Another technological advancement is the bagging centre’s automated kiosk system, which will facilitate produc... |