Cement News tagged under: Cemex
Germany: leading the recovery05 October 2020, Published under Cement NewsThe German cement sector has fared better than most during the pandemic. Cement demand is forecast to remain stable this year, with a more cautious outlook for 2021. Meanwhile, producers are embracing the latest technology for a leaner, greener manufacturing base. HeidelbergCement’s plant at Burglengenfeld, Germany, was modernised in 2017-18 with a new kiln, baghouse and SNCR system Germany’s economic growth slowed to 0.6 per cent in 2019 from 1.5 per cent the previous year,... |
Can solar kilns be a viable option in the cement sector?02 October 2020, Published under Cement NewsThis week, Cemex announced what it called a 'groundbreaking' technology to fully decarbonise the cement production process by working with Synhelion on a solar-heated kiln. The process aims not only to reduce the use of fossil fuels but to turn CO 2 into synthetic drop in-fuels such as kerosene, diesel and gasoline. Such a technology leap would seem revolutionary for the cement sector with high energy costs and a pressing need to lower its CO 2 emissions and to become a carbon neural in... |
Cemex to trial solar cement plant01 October 2020, Published under Cement NewsCemex and Synhelion SA have developed a groundbreaking technology designed to fully decarbonise the cement manufacturing process based on solar energy. The new approach is based on replacing the use of fossil fuels in cement plants with high-temperature solar heat, and capturing 100 per cent of the carbon emissions, enabling cement manufacturing to achieve net-zero level. This is made possible by the unprecedented temperature levels of solar heat provided by Synhelion's technology and it... |
Cemex has decarbonisation roadmap validated by Carbon Trust30 September 2020, Published under Cement NewsCemex announces that the Carbon Trust has validated its roadmap to decarbonise global operations in line with the Sectoral Decarbonisation Approach (SDA) 2-degree scenario (2DS) developed by the International Energy Agency (IEA). The validated roadmap would enable the company to achieve a 35 per cent reduction of net carbon emissions by 2030. The validation scope included Cemex’s worldwide cement operations, with a detailed analysis of plants expected to contribute at least 80 per cent ... |
Cemex's targets 55% fall in CO2 emissions in Europe by 203025 September 2020, Published under Cement NewsCemex SAB de CV has announced that it is the first company in the cement sector to target a CO 2 reduction in its European operations of at least 55 per cent by 2030. Cemex welcomes the recent commitment from European Commission President Ursula von der Leyen’s landmark State of the Union address and is pleased to align with the new European Union (EU) aspirations and targets. Cemex's European operations expect to reach the target of a 35 per cent reduction in carbon emissions from ceme... |
Cemex included in the Fortune 2020 Change the World list22 September 2020, Published under Cement NewsCemex SAB de CV has been again included in the "Fortune 2020 Change the World" list, which highlights companies around the world that have generated a social impact through activities that are part of their business strategy. This is the third time that Cemex has received this distinction. Fortune recognised Cemex's efforts in social impact business models. One of the initiatives was the rapid deployment of solutions to meet the current challenges caused by the COVID- 19 pandem... |
Cemex Ventures to work with Carbon Clean on affordable carbon capture18 September 2020, Published under Cement NewsCemex Ventures (Cemex group) has signed an agreement with Carbon Clean, a leader in low-cost modular carbon dioxide capture and separation technology, aimed at developing a carbon capture solution for the cement industry that lies below the line of US$30/t cost of CO 2 captured. The ambitious target of making carbon capture technology accessible and more efficient would be an unprecedented achievement for the cement sector, opening a door of opportunities for further developments, claims ... |
Cemex announces plans for a US$1bn bond issue15 September 2020, Published under Cement NewsCemex has announced plans to issue US$1bn in senior notes to raise funds for general operations, including paying off debt, according to Reuters. The bonds will have a coupon of 5.2 per cent and mature in September 2030, the company said in a filing to the country’s stock exchange. The offer will close on 17 September. Fitch Ratings has assigned the secured notes a rating of ‘BB-’. |
Cemex commences 'Operation Resilience'11 September 2020, Published under Cement NewsCemex has outlined its 'Operation Resilience' programme, its business strategy from 2020-23 on a risk-adjusted basis. The company announced a need to focus on its core US and European markets as well as in metropolises where market demand is growing. Fernando A González, Cemex's CEO, said the company will look to grow the profitability of the business through cost reductions and optimising the portfolio through divestments while redeploying its assets in new investments in its core busines... |
Breedon welcomes CMA announcement on Cemex asset acquisitions10 September 2020, Published under Cement NewsBreedon welcomes today's announcement from the Competition and Markets Authority (CMA) that it has reasonable grounds for believing that the undertakings offered by Breedon in connection with its completed acquisition of certain assets and operations from Cemex, or a modified version of them, might be acceptable. These undertakings will require the divestment of a small number of ready-mixed concrete plants and an asphalt plant in England, as well as two quarries and a cement terminal in S... |