Cement News tagged under: carbon
CEMBUREAU asks for speedy CBAM implementation23 June 2022, Published under Cement NewsThe European cement association CEMBUREAU has welcomed the adoption of the European Parliament reports on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM) but states that timely implementation of CBAM is key to support the sector’s transition to carbon neutrality. "Our sector needs a coherent and predictable regulatory framework to deliver on its carbon neutrality ambitions. The texts adopted today offer significant improvements on key issues – suc... |
Carbon reaches EUR100 in Cal23 – a new all-time high as power generation demands more coal and gas24 February 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The EUA Dec 22 has set a new all-time high at EUR98.50, driven by real demand for compliance as especially coal but also gas are increasingly filling the gap left by a drop in nuclear-based power in France. To ensure sufficient baseload electricity, several coal-fired plants are being restarted. However, financial players continue to make up ~35 per cent of the market and are only buyers with a target towards EUR100. It will be interesti... |
Carbon returns to uptrend following retracement from all-time high in December27 January 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The EUA Dec 21 saw an incredible 200 per cent rise during 2021 from EUR31 to EUR92. More recently, the market saw a sharp retracement down to EUR72 reflecting the energy complex as well as calls for measures against financial speculation. However, as a report concluded that no manipulation had been taking place, the market quickly started its uptrend again. Compliance buying increased as power producers are using more coal as this is the ch... |
CARBON: New records – now targeting €100 following increased physical and financial demand21 December 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Before its expiry day, the EUA December 2021 contract reached a stunning EUR91.50 all-time high, less than 10 per cent from EUR100, a number only joked about three months ago. An increased demand due to coal being by far the cheapest fossil fuel and speculators pouring in, as mentioned in previous reports, cut through resistance points at EUR75 and EUR80. Speculators have been looking towards EUR80-100 and a 10 per cent profit taking too... |
SOCOCIM launches Climate Plan14 December 2021, Published under Cement NewsSenegal’s SOCOCIM has launched its “Climate Plan” to reduce its carbon footprint by opening a new production line at its Rufisque plant with a capacity of 10,000tpd. FIVES has been awarded the contract for the engineering and equipment. When completed the company’s low-carbon cement capacity will increase from 3.5Mta to 7Mta. SOCOCIM’s Climate Plan aims to reduce the company’s carbon footprint and enable the cement producer to gradually phase out the use of fossil fuels in cement production... |
PCA: road to carbon neutrality13 December 2021, Published under Cement NewsAs the need for carbon neutrality in cement production has moved firmly to the headlines, the US cement association, PCA, has developed its roadmap to transform the country’s cement industry into a carbon-neutral sector. By PCA, USA. Figure 1: the five links of the value chain As wildfires, hurricanes and other weather events continue to intensify around the world, it is clear that the structures, roads and buildings that make up our communities will face more frequent and destr... |
Carbon market falling back as energy complex goes lower, reflects COP26 disappointment22 November 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark For once there were no new record highs. The carbon market was in the shadow of coal and gas markets, and reflected speculators liquidating long positions and seeing a fall below support at €60. In addition, it is also reflecting a lack of specific carbon news and an overall disappointment in terms of the pledges made at COP26. EUA front-year contract, January 2019-January 2022 No new issues were tabled, and the market fell to a l... |
Carbon at new steady high, but European prices turmoil drive new debate of intervention in power markets25 October 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark As usual, the carbon market set a new all-time high at EUR66 before falling 10 per cent to the current EUR60, five per cent lower than reported in ICR’s previous issue. EUA front-year contract, January 2020-September 2021 A fundamental demand for EUA was seen as several coal-powered plants were put online, driven by higher gas prices. The dark spread was 2x better for coal-fired power production than with gas, setting a true deman... |
European cement industry carbon costs cannot be passed onto customers15 February 2016, Published under Cement NewsOne of the issues during the debate on the future of the EU Emissions Trading Scheme (EU-ETS), is the ability (or not) of a sector to pass on to their customers costs arising from to the purchasing of CO2 allowances. “Based on a recent study commissioned to PricewaterhouseCoopers (PwC), it is clear that the European cement industry cannot pass through these additional carbon costs onto its customers,” according to European cement association, CEMBUREAU. “This is demonstrated by both econo... |
CO2 mineralisation22 April 2015, Published under Cement NewsThe mineralisation of carbon dioxide (CO2) can provide significant environmental benefits in a world where climate change is at the top of the agenda. For the cement industry, it is an option to lower that carbon footprint and supply an aggregate replacement to the concrete sector. This article explains the benefits and challenges faced by industry to turn CO2 mineralisation into a viable option. By John & Charles Kline, Kline Consulting LLC, USA. Figure 1: relative abundance of eleme... |
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