Cement News tagged under: CCUS
Holcim to invest over US$2bn in CCUS31 March 2023, Published under Cement NewsHolcim plans to invest CHF2bn (US$2.187bn) by 2030 in carbon capture, utilisation and storage (CCUS) technologies to capture more than 5Mt of CO 2 each year. According to its second climate report, the company aims to reach 420kg of CO 2 per tonne of cementitious materials by 2030. Jan Jenisch, CEO of Holcim, said, “Holcim is accelerating its climate action with upgraded net zero targets and a clear commitment to invest CHF2bn in CCUS technologies by 2030. We are committed to scalin... |
Carbonaide raises EUR1.8m to make manufacturing concrete carbon negative29 March 2023, Published under Cement NewsCarbonaide, a spin-out company from VTT Technical Research Centre of Finland that enables the manufacture of carbon-negative concrete, has raised EUR1.8m in seed funding led by Lakan Betoni and Vantaa Energy. Carbonaide is building the world's first industrial pilot production line at its factory in Finland that can make carbon-negative concrete using industrial side streams and carbon capture, utilisation, and storage technology (CCUS). Carbonaide now aims to disrupt the US$130bn/year g... |
CCUS funding may be at the expense of existing decarbonisation solutions24 March 2023, Published under Cement NewsThe debate is intensifying about funding for carbon capture, utilisation and storage (CCUS) and whether more investment needs to be spread across other measures to achieve decarbonisation goals in the near term. Time is short and government funds are limited, so the industry has to decide quickly how best to use available funds to decarbonise the cement sector. In the last week, NEXE dd announced its EUR400m CO 2 NTESSA CCUS project using thyssenkrupp Polysius PureOxyfuel technology. The ... |
UK spring budget: MPA rues missed opportunity20 March 2023, Published under Cement NewsThe Mineral Products Association (MPA) has responded to the UK Government’s Spring Budget by calling for clearer action to accelerate investment, green growth and infrastructure delivery, compared to the relatively “patchy and underwhelming agenda” set out by the Chancellor. The confirmation that the Aggregates Levy will be frozen for 2023-24 is a source of relief, although MPA is concerned that the Government plans to increase the Levy in line with the retail price index from 2024-25 onw... |
Ecocem founder denounces narrow CCUS focus of UK government16 March 2023, Published under Cement NewsFollowing the UK government’s announcement in its budget to invest GBP20bn (US$24.1bn/EUR22.8bn) in carbon capture technology, Donal O'Riain, Ecocem ’s founder and director, voices his concern at the narrow focus of the government’s decarbonisation strategy. Mr O’Riain comments: “All investment in reducing global carbon emissions is welcome, but today’s announcement by the UK Government that it will invest GBP20bn in carbon capture technology is another example of how focussing exclusive... |
Nexe plans EUR400m decarbonisation investment15 March 2023, Published under Cement NewsCroatia-based Nexe announced a EUR400m project to construct a new carbon-neutral clinker production line at its Našice cement plant. The project will also enable the transportation and storage of 700,000t of CO2 at Bockovci-1, and creates opportunities for revenue generation. Nexe will seek financing from the EU’s Innovation fund. It has already signed an agreement with thyssenkrupp Industrial Solutions to design and build the new production line. The new line is scheduled to enter ope... |
Hanson UK welcomes GBP20bn Government decarbonisation commitment15 March 2023, Published under Cement NewsHanson UK's CEO, subsidiary of Heidelberg Materials , has welcomed the UK Government's GBP20bn (US$24.1bn/EUR22.8bn) investment commitment to decarbonise heavy industry. Simon Willis, Hanson UK 's CEO, said: “We welcome the Government’s Green Energy Reset announcement and its ongoing commitment to carbon capture and storage (CCS), which is essential for the cement industry to decarbonise. Our proposed GBP400m Padeswood CCS project, in north Wales, will enable the production of net zer... |
Modifying Germany's carbon capture plans10 March 2023, Published under Cement NewsAs a leading industrial nation in the EU, Germany's carbon capture utilisation and storage (CCUS) strategy is key for the succesful reduction of European CO2 emissions. The German government has targeted net zero to be reached in 2045 and the cement sector is expected to play an important part in this drive. Progress is underway with cement industry CCUS projects at Mergelstetten and Rohrdorf featuring in the news. However, there is a concern about adequate underground storage of captured CO... |
Carbon Clean to expand North American presence10 March 2023, Published under Cement NewsCarbon Clean, a leading global carbon capture solutions business, has announced a significant expansion in North America to meet booming demand for its carbon capture technology. The company has opened its US headquarters in Houston, Texas and will double its US headcount to meet demand for CycloneCC, its fully modular technology, in what is expected to become its biggest market. The Inflation Reduction Act (IRA) is driving enormous demand for industrial carbon capture and has already ... |
Rohrdorfer starts CO2 capture plant02 March 2023, Published under Cement NewsANDRITZ partner Rohrdorfer has started up Germany's first amine-based CO 2 capture plant for cement plants at its main site in Upper Bavaria. This technology developed by ANDRITZ will prospectively make a considerable contribution to CO 2 reduction and thus to a sustainable circular economy. The special separation process recovers CO 2 as a basic material for a large number of valuable intermediate products for further use in hygiene and pharmaceutical products as well as in the beverag... |