Cement News tagged under: Weekly Newsletter
US pledges US$1.2bn in funding for PCA decarbonisation projects26 March 2024, Published under Cement NewsThe US Energy Department has announced more than US$1.2bn in federal funding for four decarbonisation projects in the US cement industry. In total, the energy department has pledged US$6bn in funding for 33 industrial projects designed to reduce carbon emissions across not only the cement industry but also iron and steel, concrete, aluminium, chemicals, food and beverages, and pulp and paper, which collectively account for around one third of US carbon emissions. Commenting on the announ... |
Heidelberg Materials and UK Government plan Padeswood carbon capture principles26 March 2024, Published under Cement NewsMinister for Energy Efficiency and Green Finance Lord Callanan visits Heidelberg Materials’ Padeswood cement works Heidelberg Materials has signed a statement of principles with the UK Government’s Department for Energy Security and Net Zero for its planned carbon capture plant at Padeswood cement works. The agreement marks a milestone for the project and Heidelberg Materials and the UK Government will now enter final negotiations, with the aim of making a final d... |
TARA and Promac boost LC3 commercial programme with MoU26 March 2024, Published under Cement NewsTechnology and Action for Rural Development (TARA) organised an LC 3 Celebration Day at its Head Office in New Delhi, India, on 19 March 2024. The event, supported by the Swiss Agency for Development and Cooperation, was kick-started by the signing of an MoU with PROMAC engineering. PROMAC engineering will cater to cement companies in India and across the globe to provide them a turnkey solution from ground-to-gate for producing calcined clay cement. TARA aims to develop the commercia... |
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... |