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Grupo Argos enlarges shareholding in Cementos Argos 18 November 2022
Colombia: Grupo Argos announced its purchase of US$2.49m-worth of shares in Cementos Argos. The purchase accounts for 0.3% of the subsidiary's share capital. At the start of 2022, Grupo Argos held a 59% majority stake in the cement producer. The next biggest single shareholders were investment services company AFP y Cesantías Protección, with 8%, and pension fund management company SAFP Porvenir, with 6.3%.
India: Aditya Birla subsidiary UltraTech Cement has commissioned a new 400,000t/yr putty plant in Rajasthan. The facility will produce the company's WallCare white cement-based putty. Reuters News has reported the cost of its construction as US$22.9m.
Thyssenkrupp Polysius Indonesia inaugurates headquarters 18 November 2022
Indonesia: Thyssenkrupp Polysius Indonesia has inaugurated its new offices in Jakarta's Tempo Scan Tower. The supplier said that the new headquarters will bring a stronger business focus to its decades-long presence in Indonesia by providing a broader scope of local service-driven solutions. Thyssenkrupp Polysius Indonesia country manager Ridwan Setiawan will head the new office.
Asia Pacific Regional head of cement Lukas Schoeneck said “With this new office, we are celebrating the return of the name and brand Polysius in one of the most important and energetic markets in the Asia Pacific region. We look forward to reshaping our focus in the cement industry and on building a sustainable future together with our clients, especially in transforming the cement industry with our #grey2green initiative."
KIMA Process Control to supply kiln cooling system for Cementa's Slite cement plant 17 November 2022
Sweden: Germany-based KIMA Process Control has secured a contract for the supply of a kiln shell cooling system for Cementa's Slite cement plant in Gotland. 88 water jets will deliver centimetre-precision cooling for the 55m-long kiln, while IR pyrometers measure temperatures over areas of 10cm2. According to KIMA Process Control, the equipment can avoid unnecessary cooling of the kiln shell, conserving the heat energy supplied by the main burner.
The new cooling system will eliminate the use of energy intensive electric fans, slashing 1700t/yr in CO2 emissions, according to the supplier. It said that noise emissions will also 'drastically' decline as a result of the upgrade. The system's operating costs are reportedly 98% less than those of the plant's existing fan system.
The supplier said that the new equipment will 'bring the cement plant in Slite an economic benefit in the shortest possible time.' It said "For the cement industry, this project represents a new milestone in terms of best available technology in the operation of rotary kilns."
Singaporean parliament enacts tightened carbon credit scheme 17 November 2022
Singapore: Parliament passed the Carbon Pricing (Amendment) Bill earlier in November 2022. Under the act, Singapore will raise the price of carbon credits to US$18.17/t from 2024, and to US$32.71/t from 2026. CNA News has reported that the government said that the new legislation will provide the basis for the realisation of carbon credit prices of over US$36.31/t by 2030, in line with the country's 2050 net zero CO2 emissions commitment.
Polluters which emit over 25,000t/yr of CO2 currently pay US$3.65/t for carbon credits.