Cement News tagged under: Energy

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ACC announces new solar project for Egyptian plant

17 January 2019, Published under Cement News

Arabian Cement Co (ACC), in collaboration with Solarize Egypt, has announced a new solar energy project at its Suez plant. The EGP90m (US$5.02m) plans will be financed through the Qatar National Bank, while the European Bank for Reconstruction and Development will provide a grant and technical support. According to Sergio Alcantarilla, CEO of ACC, the project will enter operation in the 2Q19. The plant will be the only one in the country to use solar energy as part of its energy mix. "Ou...

Chile's Colbun to supply renewable power to Polpaico

27 December 2018, Published under Cement News

Cemento Polpaico SA (Chile) has signed a long-term renewable power supply contract with local power company Colbun. Through the agreement, Colbun will supply a total of 183GWh of renewable electricity per year to Polpaico. The contract, will run for a term of 10 years starting from January 1, 2019. Initially, Polpaico will receive power for its Cerro Blanco and Coronel plants, that represent 93 per cent of its total demand. In 2022 more facilities will be added, thereafter fulfilling 100 p...

Cemex creates strategic partnership with Energy Vault

08 November 2018, Published under Cement News

Cemex Research Group AG will is creating a strategic partnership with Energy Vault of Switzerland to launch the first gravity-based energy storage system. Energy vault uses a crane to lift 35t concrete blocks with excess electricity, then discharges electricity when demand requires by lowering the blocks to turn turbines. Cemex is working on material applications which include the optimisation of various concrete-based materials that will support Energy Vault's system deployments globally....

Cement prices rise 25% in Uzbekistan

10 October 2018, Published under Cement News

Cement prices in Uzbekistan have risen 24.7 per cent YoY in the first nine months of 2018, alongside an overall increase of 18.4 per cent in the price of building materials. Meanwhile, a decline in cement production within the country has been attributed to a price hike of around 60 per cent for gas and electricity for the construction industry.

UltraTech joins EP100 energy-smart companies

11 September 2018, Published under Cement News

UltraTech Cement has joined the EP100, which is a global leadership initiative to bring energy-smart companies together. UltraTech believes that by joining the group it will double its energy productivity and reduce its carbon intensity. UltraTech aims to reduce its carbon emission by 25 per cent by 2021 from its 2005 baseline. Mr K K Maheshwari, managing director, UltraTech Cement Ltd said, "Our membership of EP100, we believe, will play a catalytic role in helping us accelerate towards do...

UltraTech plants win awards at National Awards for Excellence in Energy Management

07 September 2018, Published under Cement News

UltraTech has announced that five of its integrated cement manufacturing units have been recognised by the Confederation of Indian Industry (CII) at the 19th edition of the 'National Award for Excellence in Energy Management 2018'. Five manufacturing units of UltraTech Cement Ltd (UTCL) The awards included: 'Excellent Energy Efficient Unit' - Rawan Cement Works (RWCW) 'Best cement plant' and 'Captive power plant' – Chhattisgarh Cement plant  'Energy Efficient Units' – Kotputli...

Geopolitics and tightening supply to impact oil prices in 2018-19

18 May 2018, Published under Cement News

Global oil supply and demand balances are expected to tighten over the next 18 months, driven by the continued collapse of Venezuelan output, according to Bank of America Merrill Lynch (BOAML). A collaboration between OPEC and Russia to set a floor on oil prices with a reduction of oil output cuts by these countries of 450,000bpd from 3Q18 to 4Q19 is also expected to play its part in squeezing availability. In addition, higher interest rates and a stronger US dollar are forecast provide near...

ENERGY – OPEC consolidates oil while India shakes petcoke, coal high

20 December 2017, Published under Cement News

Prices at a glance Crude oil - bbl US$64.00 Coal API 4 - 1Q18 US$91.25 Coal API 4 - Cal2018 US$88.00 Petcoke USGC 4.5% 40HGI FOB US$82.00 USGC 4.5% 40HGI cf ARA US$100.50 USGC 6.5% 40HGI FOB US$72.50 USGC 6.5% 40HGI cf ARA US$91.00 In November the US dollar was supported by the US tax reform, which could see US firms repatriating profits. The lack of German government for...

Ashaka Cement approves Lafarge Africa's acquisition deal

31 October 2017, Published under Cement News

Shareholders of Ashaka Cement Plc have approved the complete acquisition of the company by Lafarge Africa, in a deal with a cash consideration of NGN604.092m (US$16.8m) and total value of NGN5.97bn. The shareholders of Ashaka Cement agreed to allow Lafarge increase its stake in the company from 86.51 per cent to 99.99 per cent. However, the deal is subject to approval by the regulatory authorities, said Ashaka Cement. Meanwhile, Ashaka Cement Plc's energy strategy has helped it gr...

Cemex USA recognised for safety, energy efficiency & environmental stewardship

10 May 2017, Published under Cement News

Three Cemex USA cement plants have been recognised with five awards from the Portland Cement Association (PCA) for outstanding achievements in safety performance, safety innovation, and energy and environmental stewardship. Cemex's Victorville, Brooksville South and Balcones cement plants were each presented with awards from the PCA on 9 May 2017, at the organisation's spring meeting in Washington DC. "Cemex is committed to safe and sustainable business practices throughout our operat...