Cement News tagged under: Weekly Newsletter
ABB and Captimise sign MoU for European CCUS projects26 March 2024, Published under Cement NewsABB and Captimise are extending their collaboration to drive the adoption of cost-effective carbon capture, utilisation and storage (CCUS) technologies in the cement industry. Under a Memorandum of Understanding (MoU), the two companies will develop screening, feasibility and front-end engineering and design (FEED) studies for European projects. The initiative will support cement producers in identifying suitable and cost-efficient carbon capture technologies covering their full carbon chain... |
CEMEX sets the pace in 202325 March 2024, Published under Cement NewsCEMEX has released its Integrated Report, entitled 'Setting the Pace', which outlines the company’s strategic vision, operational performance, and value creation in 2023. Last year saw CEMEX achieve record growth in EBITDA and make significant progress in its decarbonisation efforts, reducing Scope 1 and 2 CO 2 emissions by 13 and 12 per cent, respectively, since 2020. This comes as the company launches its ‘Regenera’ waste management business globally, as part of its Urbanisation Solutio... |
CEMEX reveals strategy for EBITDA growth22 March 2024, Published under Cement NewsCEMEX has outlined its strategy to achieve high single-digit EBITDA growth in the medium term. According to the company, since 2020 it has focussed on rebalancing its portfolio towards the US, increasing its percentage of EBITDA contribution from 24 to 29 per cent. CEMEX now intends to increase this to 40 per cent by expanding its growth capex and investing divestment proceeds to the region. Speaking at an investor day in New York, Fernando A González, CEO at CEMEX, said that the focus... |
Heidelberg Materials Italy signs clean energy PPA22 March 2024, Published under Cement NewsHeidelberg 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... |
Peru's cement market contracts 2% in February21 March 2024, Published under Cement NewsPeruvian cement dispatches slipped by two per cent YoY to 0.89Mt in February 2024 when compared with the previous year’s equivalent period, said the country’s cement association, ASOCEM. Of this total, the association’s members supplied 0.815Mt, down from 0.856Mt in February 2023. Cement production in Peru fell five per cent YoY to 0.818Mt in February 2023 while clinker output was down 17 per cent YoY to 0.633Mt in the same period. Domestic production was supplemented by 4000t of cement,... |
Successful kiln lift at Mergelstetten's catch4climate project21 March 2024, Published under Cement NewsA 700t crane was used to lift the kiln into position at Mergelstetten cement plant, Germany, for the ‘catch4climate’ CO 2 capture project on 7 March 2024. The four European cement manufacturers Buzzi SpA ( Dyckerhoff GmbH ), Heidelberg Materials AG , Schwenk Zement GmbH und Co KG and Vicat SA joined forces in In 2019 to start the research company CI4C GmbH & Co KG to jointly realise the ‘catch4climate’ CO 2 capture project. Schwenk's Mergelstetten plant, for the construction a... |
Boral rejects Seven Group offer20 March 2024, Published under Cement NewsBoral Ltd has rejected an offer from Seven Group Holdings (SGH) saying it is “not fair and not reasonable.” Independent expert firm Grant Samuel & Associates assessed the fair market value of Boral shares to be in the range of AUD6.50-7.13/share, concluding that the offer from SGH of AUD5.96-6.19/share was below this range. SGH currently holds a 72 per cent stake in Boral. The offer, which totalled AUD 1.9bn (US$1.25bn) was for the remaining shares in the company. Commenting on the of... |
TPI Polene Power targets 100% renewable fuel use by 202619 March 2024, Published under Cement NewsThailand’s largest waste-to-energy (WTE) project developer and operator TPI Polene Power (TPIPP) aims to cut coal usage as it strives for 100 per cent renewable fuel use by 2026. According to Pakkapol Leopairut, the company’s executive vice-president for accounting and finance, the company will reduce its coal usage by 63.3 per cent YoY from 872,000t this year to 320,000t of coal in 2024. The move to zero coal usage is part of the TPIPP’s “Mission to No Emissions” campaign, which starte... |
Titan reports record EBITDA growth of EUR540m in 202318 March 2024, Published under Cement NewsTitan reported record EBITDA in 2023 reaching EUR540.3m, up by 63.1 per cent, achieving margin expansion. All regions posted double-digit profitability growth, thanks to increased sales across all main products, firm pricing, operational efficiencies and improved performance of energy costs, said a company statement. Group sales in 2023 totalled EUR2547m, a 11.6 per cent increase compared to the previous year, while EBITDA grew by 63.1 per cent YoY, reaching EUR540.3m. The group's net profi... |
Heidelberg Materials launches Airvault CCUS project14 March 2024, Published under Cement NewsMarking the latest addition to its portfolio of carbon capture, utilisation and storage (CCUS) initiatives, Heidelberg Materials has announced another CCUS project at its Airvault cement plant in the French New Aquitaine Region. The AirvaultGOCO₂ project, with a planned capture capacity of approximately 1Mta, is part of the GOCO₂ initiative to decarbonise the west of France. “We started an ambitious modernisation programme for our sites in France several years ago, with a planned inv... |