Displaying items by tag: target
Japan: Mitsubishi Heavy Industries (MHI) and Osaka Gas have launched a collaboration to develop a value chain for captured CO2 from Japan's hard-to-abate industries, including the cement sector. JCN Newswire has reported that their collaboration will leverage MHI's expertise in CO2 capture, liquefied CO2 maritime vessel transport and CO2 management, and Osaka Gas' expertise in e-methane production and CO2 storage. The project will integrate MHI and IBM Japan's CO2nnex software platform to model value chains. The project aims to contribute to the realisation of Japan's target of net zero CO2 emissions by 2050.
UK: Hanson UK says that its planned installation of a carbon capture system at its Padeswood cement plant in Flintshire has proceeded to the due diligence and negotiations stage. The project aims to achieve net zero CO2 cement production by capturing 800,000t/yr of CO2. It is part of the HyNet North West array of projects, which combines green hydrogen and carbon capture to build a first-of-its-kind industrial decarbonisation cluster.
Hanson UK CEO Simon Willis said “I would like to thank the government and all of those that supported us in our bid to receive funding which will enable us to help decarbonise the construction industry and meet our overall ambition to become a net zero business. This global exemplar project will provide net zero construction materials for major projects across the country, from new offshore wind farms and nuclear power stations to clean transport infrastructure.”
India: Ambuja Cements' parent company Adani Group says that the cement producer aims to more than double its sales to US$8.5bn in 2028. Ambuja Cements currently expects to record sales of US$3.61bn in 2023. It is targeting an earnings before interest, taxation, depreciation and amortisation (EBITDA) margin of 25% in 2028. Its EBITDA margin averaged 19% in the period from 2020 to 2022.
Dow Jones Institutional News has reported that Ambuja Cements' internal accruals are sufficient to fund US$5.58bn in capital expenditure (CAPEX) over the same period, according to the company. It says that it plans to double its capacity through CAPEX investments before 2028.
Belgium: Holcim Belgium has received an environmental permit for the kiln upgrade for its 100% decarbonisation of its Obourg cement plant. Agency Belgium News has reported that the upgraded kiln will employ a 'new incineration concept' to enable it to replace limestone with alternative raw materials. It will reduce the plant's thermal needs by 40% and its CO2 emissions per tonne of clinker by 30%. Construction will commence in late 2023. The kiln replacement will support a carbon capture installation as part of the GO4ZERO project.
The first phase of the GO4ZERO project is running from 2022 to 2025, and commands total investments of over Euro350m.
UK: The UK government has committed to investments worth Euro22.8bn in early deployments of carbon capture technology. It will announce a shortlist of new projects for deployment later in March 2022.
The government said "This unprecedented level of funding for the sector will unlock private investment and job creation across the UK, particularly on the east coast and in the North West of England and North Wales. It will also kick-start the delivery of subsequent phases of this new sustainable industry in the UK."
Ireland-based Ecocem responded to the budget with a call for funding for more short-term areas besides carbon capture. It said these will be essential in order for the UK cement and concrete industry to reach its 45% decarbonisation target by 2030. The slag-based cement products company called for funding for low-clinker technologies which have already been developed and can be rolled out at scale before 2030, until carbon capture becomes a 'scalable, viable option.'
Algeria: Groupe des Ciments d'Algéries (GICA) says that it exported 350,000t of clinker produced at its Chlef cement plant over the period between 1 January and 14 March 2023. Local press has reported that the producer aims to export a total of 2Mt of clinker throughout 2023. It is currently on track to reach 1.75Mt, 13% short of its target, but 17% greater than its 1.5Mt exported in 2022. The company despatched the clinker from the ports of Oran and Tenès, to customers in Africa, Europe and South and Central America. It would now like to begin delivering its clinker to Syria and Türkiye in order to help facilitate rebuilding efforts there in the wake of the catastrophic February 2023 earthquake.
Taiheiyo Cement secures a Transition-Linked Loan
09 March 2023Japan: Taiheiyo Cement has obtained a Transition-Linked Loan, the first of its kind in the Japanese cement industry. The loan employs sustainability performance targets (SPTs) based on the company's 2030 interim sustainability targets and 2050 Carbon Neutral Strategy. The former consists in a 40% reduction in its total CO2 emissions, including Scope 3, and a 20% reduction in its Scope 1 and 2 CO2 emissions, between 2000 and 2030.
Germany: The Science-Based Targets Initiative (SBTi) has validated Heidelberg Materials' new 2030 CO2 reduction targets. The targets have a base year of 2020 and conform to a 1.5°C climate change framework. Per tonne of cementitious material, the producer is now committed to reducing its Scope 1 CO2 emissions by 24%, its Scope 2 CO2 emissions by 65% and its Scope 3 emissions by 25%.
Heidelberg Materials' chief sustainability officer Nicola Kimm said “As reflected in our updated Sustainability Commitments 2030, climate action is a crucial element of Heidelberg Materials’ sustainability strategy. The SBTi validation shows that our sustainability agenda not only includes the most ambitious reduction target in the cement industry – but also a realistic, measurable plan in line with the 1.5°C scenario. We follow a clear, science-based approach, reducing our carbon footprint through the levers of product and process innovation and industrial-scale carbon capture, utilisation and storage. By closing the carbon and material loops, we will lead the sustainable transformation of our sector.”
In 2019, Heidelberg Materials became the first cement company to secure SBTi validation for its emissions reduction commitments.
Spain: Cemex España will install a carbon capture system at its Alicante cement plant in Valencia, as part of its efforts to make the unit a 'benchmark pioneer low-CO2' cement plant. The producer holds a contract with ET Fuels for the supply of 45,000t/yr of CO2 captured at the facility for methanol production.
Chief executive officer Fernando González said “Our goal of reaching net-zero CO2 emissions is achievable and will be driven by collaboration and innovation. Our decarbonisation roadmap includes reducing emissions to the lowest possible level through proven levers such as clinker substitution and alternative fuels. New levers, such as rapidly developing CCUS initiatives, must effectively tackle the remaining CO2 emissions to hit our ambitious 2050 objectives.”
Cemex's European CO2 emissions decline by 41% between 1990 and 2022
24 February 2023Europe: Cemex’s annual CO2 emissions from its European operations fell by 41% in 2022 compared to 1990. It added that it had cut its emissions in the region by 12% between 2020 and 2022. The group attributed the decline to the success of its climate action strategy to date, including a large investment in a new alternative fuels facility in the UK, investments in solar power plants in Germany and Poland and the roll-out of its Vertua reduced-CO2 products across the region.
Regional president Sergio Menendez said "As we begin to implement the next stages in our climate action strategy, we now expect to exceed our 2030 aspiration of hitting a 55% CO2 reduction in our European operations. While we are progressing important carbon capture projects and policy advocacy for our ultimate net zero target, these 2030 interim aspirations are not reliant on this technology.” he continued, “This is certainly a challenging target, but I am confident that with innovative thinking, close collaboration between our different business areas and further development of our regulatory framework, it is both feasible and profitable. This sustained effort is vital if we are to meet our global, primary objective of becoming a net-zero CO2 company by 2050. We will continue to provide regular updates on our progress.”