Cement News tagged under: Sweden

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Slite plant applies to rebuild harbour and enable CO2 transport

06 June 2024, Published under Cement News

Heidelberg Materials is applying to the Swedish Land and Environment Court for an environmental permit to build one of Europe's largest carbon capture and storage (CCS) facilities for capturing CO 2 at the cement factory in Slite. The application also includes permission to rebuild Slite harbour to enable the transport of captured CO 2 . Using bio-based fuels and CO 2 capture, the factory is retooled to produce cement with zero net emissions with the potential to create a significant carbo...

Cementir's 1Q24 regional market update

13 May 2024, Published under Cement News

Cementir's results for the 1Q24 were overall in line with management's expectations despite the decline in revenues and EBITDA compared to the first quarter of the previous year. The company reported regional growth in Turkish cement sales and Belgian ready-mix sales. Turkey Cement sales volumes increased by 22 per cent compared to the 1Q23 in the domestic market, where the most significant growth was recorded in the Elazig and Kars regions of Eastern Anatolia, supported by post-earthq...

Cemvision raises EUR10m in landmark climate tech seed round

22 March 2024, Published under Cement News

In the largest known green cement seed round to date, Sweden-based Cemvision joins forces with its compatriot investors Polar Structure and BackingMinds, and SF-based Zacua Ventures. BackingMinds and Polar Structure have invested the largest share of EUR10m, with Zacua contributing an additional amount for Cemvision to further develop its alternative to traditional Portland cement, reducing CO 2 by more than 95 per cent while retaining durability and performance.  Cemvision is produced usi...

ABB and Salt X extend collaboration for electrification of calcination process

12 March 2024, Published under Cement News

ABB and Sweden-based green tech company Salt X have signed an agreement to enable further development of electric arc calcination (EAC). Under the new agreement, Salt X will further develop its innovative EAC technology, which makes it possible to reach several thousand degrees Celsius. The electric plasma solution reinvents industrial calcination  and replaces fossil fuel-based heating with renewable electricity while capturing the CO₂ emissions released. ABB will contribute with contro...

SaltX Technology EU patent for calcium-looping solution

01 February 2024, Published under Cement News

SaltX Technology, based in Sweden, has been granted an EU patent for an electrified 'calcium looping' carbon capture solution where the company's patented Electric Arc Calciner (EAC) forms a central role.     The method means that CO 2 is captured from an emitter and bound with the help of lime and then transported to a central facility where the CO 2 is separated using the EAC technology. As a result, industries do not need to make a significant investment of their own for CO 2 separa...

FLSmidth sells MAAG to Solix

23 January 2024, Published under Cement News

FLSmidth Cement sold its MAAG gears and drives business to Sweden-based investment company, Solix Group AB. The transaction is expected to close during the 1Q24 and includes all related assets, including intellectual property, technology, employees and customer contracts. The divestment of the MAAG business is in line with FLSmidth Cement’s GREEN’26 strategy, which in combination with a greater strategic focus on the Service business includes focussing the product portfolio on the core tec...

New Gävle terminal for Schwenk

29 December 2023, Published under Cement News

After two years of planning and construction Schwenk inaugurated a new terminal in the Swedish port of Gävle in December 2023. The new terminal is 45m high and has a volumetric capacity of 8000m 3 . It is expected to have a throughput capacity of more than 90,000tpa.

CRH and Volvo collaborate on net zero

15 November 2023, Published under Cement News

CRH and Volvo Group have signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in the construction industry. According to the companies, the MoU will focus on next-generation technology deployment, scaling cutting-edge technology, and operational efficiency.  Both companies are on ambitious journeys to reduce emissions. Volvo Group’s target is to have 35 per cent fully-electric sales by...

Cementir reports 36% rise in 1H net profit

28 July 2023, Published under Cement News

Cementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in revenues in the Nordic and Baltic area, Belgium and the USA. In the 2Q23 cement and clinker volumes sold declined by 6.8 per cent YoY to 2.8Mt due to a slowdown in sales in Denmark, Turkey, Belgium and the USA, despite the increase seen in China, Egypt and Malaysia. In the 2Q23 sales of ready-mixed concrete were down ...

Cementir posts 1Q23 revenue of EUR414.8m

10 May 2023, Published under Cement News

Cementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR63.9m, a rise of 50.7 per cent when compared with the 1Q22. Meanwhile, net debt stood at EUR32.1m at 31 March 2023.  Operating costs rose by 2.8 per cent to EUR342.5m when compared to EUR333.1m in the 1Q22. The cost of raw materials rose by 5.5 per cent YoY.   Cement volumes (white and grey) totalled 2.34Mt, a f...