Cement News tagged under: ireland
Ecocem Director speaks out against composition of Net Zero Industry Act17 March 2023, Published under Cement NewsEcocem ’s Founder and Managing Director, Donal O'Riain, has spoken out on what he terms a missed opportunity with the passing of Europe's Net Zero Industry ACT (NZIA). Mr Riain stressed that the Net Zero Industry ACT (NZIA) takes no account of alternative technologies to cut in half CO 2 emissions from the cement industry by 2030. From a low-carbon cement technology perspective, the scope of the NZIA is very specific. Companies and technologies will need to fall in to one of the narrow... |
Ecocem founder denounces narrow CCUS focus of UK government16 March 2023, Published under Cement NewsFollowing the UK government’s announcement in its budget to invest GBP20bn (US$24.1bn/EUR22.8bn) in carbon capture technology, Donal O'Riain, Ecocem ’s founder and director, voices his concern at the narrow focus of the government’s decarbonisation strategy. Mr O’Riain comments: “All investment in reducing global carbon emissions is welcome, but today’s announcement by the UK Government that it will invest GBP20bn in carbon capture technology is another example of how focussing exclusive... |
CRH proposes moving stock listing to New York06 March 2023, Published under Cement NewsCRH is considering moving its main stock market listing from London to New York. According to the company, around 75 per cent of its income comes from the North American market. In 2022 its materials business reported 15 per cent YoY growth in the Americas, with the US Infrastructure Investment and Jobs Act, Inflation Reduction Act and Chips Act all helping to fuel a boom in construction activity. "We would have higher levels of growth if we were to list our business in America. It'... |
CRH revenue up 12% YoY in 202203 March 2023, Published under Cement NewsCRH plc has reported a 12 per cent YoY increase in sales in 2022 to US$32.7bn. EBITDA over the same period advanced by 13 per cent to US$5.6bn, while the EBITDA margin is up 10bps to 17.2 per cent. Earnings per share (EPS) in 2022 improved by 14 per cent YoY at US$3.50. Commenting on the results, Albert Manifold, chief executive of CRH, said: “Our 2022 performance reflects the outstanding commitment of our people, the underlying strength and resilience of our business and the continued... |
Ecocem welcomes Irish Climate Plan 202319 January 2023, Published under Cement NewsEcocem has welcomed the Government of Ireland’s mandate that public bodies must specify low carbon construction methods and low carbon cement materials for procured and supported construction projects from 2023. The mandate forms part of the government’s recently-released Climate Action Plan 2023 (CAP23). According to Ecocem, to successfully reduce the emissions of the cement industry within the 2030 timeframe and in a commercially viable manner, the amount of clinker produced per tonn... |
CRH announces new venture capital unit16 December 2022, Published under Cement NewsCRH plc has launched CRH Ventures, its venture capital unit, which will support the development of new technologies and innovative solutions to meet the increasingly complex needs of customers and evolving trends in construction. With access to a US$250m venturing and innovation fund to invest, CRH Ventures will partner with construction and climate technology companies, operating across the construction value chain. The new venture capital unit will focus on cutting-edge technologies ... |
Ecocem launches breakthrough technology ACT29 November 2022, Published under Cement NewsEcocem is launching ACT, a breakthrough cement technology, which combines a range of technical innovations with the use of widely available low-carbon materials to decarbonise the production of cement by as much as 70 per cent, while enhancing the strength and durability of the concrete it is used to manufacture. ACT is fully scalable and can be deployed globally. It can be produced within existing cement plants without significant investment or modifications and can be deployed rapidly an... |
Quarterly results propped up by steep price increases25 November 2022, Published under Cement NewsThe latest quarterly results reveal that cement producers are increasingly turning to price rises to offset the ongoing jump in energy costs, while they struggle to maintain margins. In addition to price increases, companies are reviewing their energy portfolios, fuel types and accelerating the shift to alternative fuels. In Indonesia PT Indocement saw its energy costs reach 50 per cent of total production cost in the third quarter of 2022, prompting the company to implement three price... |
Ecocem appoints european standards manager23 November 2022, Published under Cement NewsEcocem has appointed Christian Clergue as its new european standards manager. A sustainable concrete and cement expert, Mr Clergue brings with him 33 years of experience in cement and concrete materials, including low-carbon concrete, but in particular the regulations, standards and norms that govern the industry. He began his career at Vicat Group as deputy director of Sigma Béton, before moving on to the position of director of the group’s Satma Cepeca prefabrications. A few years lat... |
CRH sees sales advance 13% YoY in 9M2222 November 2022, Published under Cement NewsIn the opening nine months of 2022, CRH plc has seen its sales advance by 13 per cent YoY to US$24.4bn. Over the same period, EBITDA has improved by 14 per cent to US$4.2bn, while the EBITDA margin is up 10bps to 17.1 per cent. According to the company, the positive momentum experienced in the first half of the year continued into the third quarter, driven by resilient demand, strong pricing and continued delivery from its integrated solutions strategy. Third quarter sales in Americas M... |