Cement News tagged under: Energy

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BluPine Energy to supply Dalmia Cement (Bharat)

17 June 2024, Published under Cement News

Dalmia Cement (Bharat) Ltd has signed an agreement with BluPine Energy for the supply of green energy through a solar power project in Karnataka, India. The agreement involves a 46.87MWp solar power plant under a captive structure, which is expected to generate approximately 93.75MUs of electricity each year, reducing carbon emissions by more than 85,000tpa.  “The solar plant in Karnataka will not only produce clean energy but also foster local economic growth and support environmental ...

Petcoke discount continues to offer good potential

03 June 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal prices stabilised after their fall in early May as geopolitical developments as well as higher oil and gas prices played their part. The petcoke FOB price trended lower on weak demand and ample supply, testing the low 60s. On FOB and ARA basis, the petcoke discount remains in the cheap zone and offers good potential. On 20 May 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$62.50 is 55 per cent when compared with API...

Venezuelan sanctions reimposed, Russia pauses coal export fee, while petcoke discount remains attractive

20 May 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The war premium and geopolitical tensions eased during April and the energy market’s focus has again shifted towards the demand factor in the energy complex. Oil has retraced together with coal and gas. IMF has adjusted up the expected global GDP growth to 3.2 per cent, but both the US Federal Reserve (Fed) and European Central Bank (ECB) have repeated the mantra “higher for longer” due to developing inflation of above two per cent, especially...

Saint-Gobain signs Romanian energy deal

06 May 2024, Published under Cement News

Saint-Gobain has signed a five-year renewable electricity supply agreement (power purchase agreement or PPA) in Romania with energy supplier OMV PETROM SA. The contract covers the purchase of green electricity from wind and photovoltaic sources provided by OMV PETROM SA and will start in January 2026.  OMV PETROM SA will provide around 800GWh of green electricity for a period of five years. This contract, combined with a photovoltaic park currently in the final stage of development at ...

Petcoke discount remains in cheap zone with good potential

03 May 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal moved higher on the back of geopolitical tensions and was supported by oil and gas prices. Petcoke FOB picked up slightly from last month’s price but is trapped in the high US$60s. Discounts increased and petcoke increased from lows at US$62. On FOB and ARA bases, the petcoke discount remains in the cheap zone and offers good potential. The discount on ARA rose to cheap petcoke on increasing API2 and falling petcoke with freight USGC ARA ...

Oil rallies above US$90, coal and petcoke dragged higher as geopolitical tensions increase

26 April 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics once again dominated the energy complex. Fear of the Gaza conflict spreading towards Lebanon and Iran added a risk premium to oil, driving it above US$90. The US Federal Reserve and the European Central Bank have both claimed that interest rates will not come down before inflation clearly shows movement towards the two per cent benchmark. In combination with high employment and GDP figures, this has lowered prospects for lower i...

Kerala cement plants handle 48,000t of non-recyclable waste

16 April 2024, Published under Cement News

Cement plants located in India's southern state of Kerala received around 48,000t of non-recyclable waste generated within the state in 2023. The waste was used to provide refuse-derived energy for the cement facilities, according to The Hindu. The waste reportedly amounted to just under 30,000t generated by the government sector, and just over 18,000t from the private sector. According to local government sources, the waste was segregated at material collection facilities before being se...

Heidelberg Materials Hellas in partnership with Sympower

12 April 2024, Published under Cement News

Greece-based Heidelberg Materials Hellas is working with energy specialist Sympower to “unlock and monetise” the cement producer’s energy-intensive equipment. According to Sympower, the partnership marks a significant step in accelerating Greece’s energy transition and strengthening its electricity grid.  By utilising three of Heidelberg Materials Hellas’ cement mills and one of its raw mills, Sympower will optimise their energy flexibility and provide their capacity to Greece’s balanci...

OPEC+ agreement and new sanctions support oil, coal rising from support levels and increasing petcoke discount

26 March 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation is still playing a crucial role, as it remains stubborn and both the US Federal Reserve and the European Central Bank are warning the markets that rates will not be cut in the speed expected last year until the two per cent targets are visible. This in combination with lower Chinese activity has rewoken the demand fear and threatened to send oil and other energy commodities lower. However, geopolitical tensions and renewed sanctions...

Heidelberg Materials Italy signs clean energy PPA

22 March 2024, Published under Cement News

Heidelberg 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...