Cement News tagged under: Renewable Energy

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ACC plans capex of INR33bn in 2013

08 April 2013, Published under Cement News

ACC Ltd, India's second-largest cement producer, has planned a capital expenditure of INR33bn (US$603.9m) in 2013, most of which will be used for the expansion of an existing unit at Jamul in Chhattisgarh. ACC has started work on the Jamul expansion project, which will add 5Mta of capacity, Chairman NS Sekhsaria said while addressing shareholders at the company's 77th annual general meeting (AGM). The expansion, to be completed in a phased manner by 2015, will take ACC's total capacity t...

Cemex to participate in Clean Energy Fund

31 October 2012, Published under Cement News

Cemex announced that it will participate in a Clean Energy Fund that is expected to raise approximately US$300m through a public offer of Certificados de Capital de Desarrollo (Capital Development Certificates) in the Bolsa Mexicana de Valores (Mexican stock exchange). The proceeds will be invested in a series of clean energy projects in Mexico. Cemex said its participation in the fund would be limited to management and advisory activities, and that it would retain a minority equity stake...

Golden Bay wins renewable energy award, New Zealand

25 May 2012, Published under Cement News

New Zealand-based Golden Bay Cement has been recognised for its use of bioenergy to reduce CO2 emissions, winning the Renewable Energy category in the 2012 EECA Awards. The company has cut CO2 emissions by a 58,000tpa and is saving $3m every year in energy costs, as a result of substituting nearly a third of the coal burned in its kiln for wood fuel, sourced from demolition and construction waste. The project makes Golden Bay Cement New Zealand's largest known user of renewable wood ener...

Lucky Cement to receive approval for wind farm investment, Pakistan

14 May 2012, Published under Cement News

Pakistan cement producer Lucky Cement is to set to receive approval at an extra-ordinary general meeting on 31 May for an investment in the associated company Yunus Energy Ltd which is establishing a 50MW wind power plant in Sindh. The Pakistan Banker reports that Lucky Cement plans to make an investment of PKR385m (US$4m), divided into 38.5 million ordinary shares of PKR10 each.

Future drivers of UK cement consumption

16 April 2012, Published under Cement News

With the UK construction industry continuing to suffer from reduced private and public demand, the offshore wind industry offers considerable economic promise, according to Andrew Minson, Executive Director of Mineral Products Association (MPA) The Concrete Centre. The growth of wind, wave and tidal industries has the potential to generate up to 120,000 jobs over the next 10 years, both directly and through the UK-based supply chain that is developing alongside it, the MPA notes. Furthermo...