Cement News tagged under: sustainability

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CEMEX launches green financing framework

28 June 2022, Published under Cement News

CEMEX has launched its Green Financing Framework (GFF), the first in its sector, further expanding the company’s commitment to sustainable finance and building a more sustainable world, the company announced in a press statement. The GFF enables CEMEX to issue green financing instruments aligned with the International Capital Market Association (“ICMA”) Green Bond Principles and the Loan Market Association Green Loan Principles. Under the GFF, CEMEX intends to allocate the net proceeds f...

Oyak releases its 2021 Integrated Report

15 June 2022, Published under Cement News

OYAK Cement has published its 2021 Integrated Report in which it announces its plans to be a "game-changer" in the cement industry by focussing on sustainability and digitalisation. The company will continue its activities in terms of improving its energy efficiency and pursue a sustainability strategy that will contribute to achieving Turkey's 2050 net zero target. Its OYAK Cement 4.0 Project, which was developed mainly in-house, includes many firsts for Turkey as well as the global ce...

South Korea’s green goals

31 May 2022, Published under Cement News

South Korea’s cement consumption advanced further in 2021, but challenges, including bituminous coal supply issues, have hampered the industry’s ability to increase production. Meanwhile, improving the sustainability of cement production, carbon neutral research and ESG efforts remain high on the industry’s agenda. By Korean Cement Association, South Korea. In line with South Korea’s commitment to achieving carbon neutrality by 2050, improving the sustainability of South Korean cem...

Cembureau unveils 2030 Biodiversity Roadmap for quarries

31 May 2022, Published under Cement News

Cembureau has released its 2030 Biodiversity Roadmap, setting out its vision for biodiversity in and around quarries over the coming years. Through the roadmap, the European cement industry aims to help put a stop to biodiversity loss during the lifecycle of a quarry using rehabilitation processes. According to the association, going above and beyond legal requirements can ensure that new habitats are created, and rare and threatened species can prosper and flourish.  “The European cement...

Taiwan Cement shifts focus to green energy and waste

27 May 2022, Published under Cement News

Taiwan Cement Corp (TCC) saw its cement revenue on mainland China fall by 7.8 per cent YoY in the opening quarter of 2022 with the sales volume over the same period contracting by 24.1 per cent, according to Nelson Chang, chairman of TCC, speaking at the company’s annual general meeting on 26 May, 2022. Cement prices in the 1Q22 improved by 18 per cent, but this did little to offset the 195 per cent YoY uptick in the international coal price. However, consolidated revenue advanced by four ...

HeidelbergCement tightens climate targets and opens sustainability-linked credit line

26 May 2022, Published under Cement News

HeidelbergCement is accelerating its transformation towards a sustainable future. At this year's Capital Markets Day, HeidelbergCement presented new medium-term sustainability and financial targets under the motto 'Concrete Promises'.  Dr Nicola Kimm, member of the Managing Board and chief sustainability officer of HeidelbergCement, says: "We are significantly tightening our climate targets. With the reduction of specific net CO 2 emissions to 400kg/t of cementitious material by 2030, ...

Sunshine for Argos Honduras

23 May 2022, Published under Cement News

The Honduran cement industry will see a further round of upgrades and expansion as Argos invests US$23m in key projects at its Piedras Azules and Río Blanquito cement plants. In addition to the expansion of Piedras Azules’ cement capacity, the company will also be investing significantly in renewable energy, including solar power. By Argos, Honduras. The solar farm at Argos’ Piedras Azules plant, inaugurated in 2020 Argos has announced that it will invest US$23m in strategic pro...

Green growth avenues

05 April 2022, Published under Cement News

While decarbonising the cement and concrete industry will play a pivotal role in addressing climate change, producers in these sectors cannot go it alone. By outlining green growth avenues in the cement ecosystem, McKinsey & Company explains why collaboration across the value chain is vital to decarbonising the built environment – and that it needs to start today. By Thomas Czigler, Eddie Elizondo, Sebastian Reiter and Patrick Schulze, McKinsey & Co. Figure 1: with decarbonisation bec...

Japan: securing sustainability

22 March 2022, Published under Cement News

Japan’s cement industry is expected to have advanced modestly in FY21, and while significant declines are unlikely going forward, growth potential is lacking. Therefore, the sector is looking to secure sustainability through price increases, enhancing businesses outside core cement segments and accelerating its move towards decarbonisation. By Hajime Inoue, Japan Credit Rating Agency, Japan Large-scale construction projects, such as the Osako Expo, are expected to keep cement deman...

Ecocem: supporting Europe’s Green deal

14 March 2022, Published under Cement News

Since its foundation in 2003 Ecocem has been a driving force in establishing the use of low-carbon cement using slag as a key raw material. ICR spoke with its Managing Director, Conor O’Riain, about the company’s developments and its expectations going forward. Conor O’Riain, managing director of Ecocem, speaks with ICR about the company’s achievements to date and challenges ahead ICR: How has Ecocem evolved since its founding and where are its cement plants located today? ...