Cement News tagged under: electricity
Lafarge Canada bets on ITCs to boost clean energy investments19 September 2023, Published under Cement NewsLafarge Canada ( Holcim Group) is among the companies counting on investment tax credits (ITCs) for its plant in Exshaw, Alberta, Canada, where it has a plan to capture 1Mta of carbon emissions. "Having ITCs in place in Canada... will certainly help the project's business case and in ensuring investment in decarbonisation occurs in Canada," the company's two heads of sustainability said in a joint statement to Reuters. The government first announced some CAD10bn (US$7.4bn) in IT... |
Cruz Azul will see power supply restored05 September 2022, Published under Cement NewsCruz Azul and Mexico’s Federal Electricity Commission have reached an agreement and the state power supplier must reconnect power to the cement plant in Tula, Hidalgo state, by 12.45h on Wednesday, 7 September, according to Federco Sarabia Pozo, president of Cruz Azul. The plant’s power supply was suspended 20 days ago as the cement companies had more than MXN300m in economic losses. Before the interruption to its power supply the plant worked at a 30 per cent capacity utilisation rate, re... |
Tudela Veguín halts production for 10 days14 March 2022, Published under Cement NewsCementos Tudela Veguín has shut down its plant at La Robla for 10 days from Friday, 11 March, citing the soaring electricity prices as the reason for the stoppage. The company has significant stocks of cement and expects to continue normal deliveries to its customers. The halt in operations will not affect the nearly 200 workers at the plant, the company said. While it has a cement capacity of 1.2Mta, it has a utilisation rate of around 25 per cent currently. The company follows Ceme... |
How energy reforms could impact Mexico's cement industry26 November 2021, Published under Cement NewsThis week, we will be taking a look at the proposed Mexican energy reforms and their potential impact on the cement industry. Mexico's president, Andres Manuel Lopez Obrador (AMLO), introduced the prospect of sweeping energy reforms earlier this year. The move would see state control of the energy market substantially increase. The state-owned Comision Federal de Electricidad (CFE) would generate 54 per of consumed electricity, while private companies would be able to produce the remainin... |
Hongshi Shivam Cement expected to receive electricity by summer23 December 2020, Published under Cement NewsNepal-based cement producer Hongshi Shivam Cement, which has been operating in the last two-and-a-half years using diesel, is scheduled to receive its first electricity supply by next summer, according to New Business Age. The Nepal Electricity Authority said that it plans the start of supply to Hongshi Shivam Cement after mid-April if the works related to installation of the Bardhaghat-Sardi 132 KV Transmission Line Project go ahead without any interruption. The project had earlier pledge... |
Pakistan's Ministry of Commerce proposes concessionary electricity rates11 December 2020, Published under Cement NewsPakistan’s cement sector has approached the country’s Ministry of Commerce to request that the cement sector be declared a partial export industry. The sector also proposed incentivising electricity rates to the extent of the energy consumed for production of exportable quantities of cement and clinker. The Ministry is of the view that the supply of electricity to the cement industry at concessionary rates will help reduce the cost of production, thus rendering the industry competitive in... |
Henan to hike water and electricity fees09 July 2020, Published under Cement NewsThe Chinese province of Henan will increase water and electricity tariffs for cement and steel producers that have failed to meet ultra-low emissions standards, said the provincial environmental regulator. Henan is home to six of the country’s 20 most-polluted cities, reports Reuters. To address the emissions, companies that do not meet emissions treatment or clean transportation requirements will have to pay an additional CNY0.05-0.1/m 3 (US¢0.7-1.4/m 3 ) for water and an extra CNY0.01-0... |
University of Seville and FLACEMA sign power cost research collaboration30 June 2020, Published under Cement NewsThe University of Seville and the Andalusian Labour Foundation for Cement and Environment (FLACEMA), Spain, have signed a scientific collaboration agreement to launch an industrial research project into a tool to optimise the electricity cost of cement plants using artificial intelligence (AI). Power accounts for around 18 per cent of total production costs in Spanish cement plants, significantly eroding their competitiveness on the global market. The research, which has seen significant... |
Ghana’s cement producers not benefitting from power relief18 June 2020, Published under Cement NewsFollowing Ghanaian President Akufo-Addo’s announcement of the introduction of a relief on electricity to support individuals and businesses, cement producers and steel companies located within the Tema Free Zone enclave say they have been denied such government support, considerably affecting their business. The affected parties, including CIMAF Ghana Ltd, have only received a rebate of 22 per cent of April invoice values, instead of 50 per cent. Speaking to the media, Rev Dr George Dawson... |
Cemex announces plans for US$1bn bond issue03 June 2020, Published under Cement NewsCemex has announced plans to issue US$1bn worth of bonds, with a 7.375 per cent coupon and a maturity date of June 2027. The issue is expected to be used to support ongoing business activities, including debt repayment. The bonds will be issued with an option to repurchase them four years prior to maturing and the offering period will close on 5 June. Elsewhere, Mexico's energy regulator approved new rates that electricity providers must pay the national power utility for transmission... |