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22 July 2019

Japan Coal Energy Center, GreenOre Clean Tech and others sign deal on CO2 capture and utilisation project in Wyoming

US: The Japan Coal Energy Center (JCOAL), GreenOre Clean Tech, Columbia University and Wyoming Infrastructure Authority (WIA) have entered into a memorandum of understanding (MOU) to test carbon utilisation and recycling technology. GreenOre Clean Tech, using technology under license from Columbia University, will use testing space at the Integrated Test Center (ITC) near the Dry Fork Station coal-fired power station in Gillette, Wyoming. Calcium carbonate produced through CO2 mineralisation could then potentially be used for aggregates, concrete production or in paper production. The test will be funded by JCOAL with additional support from project partners.

The State of Wyoming and JCOAL have been working together since 2016, when they signed an initial MOU committing to cooperation in coal research and development of technologies and coal trade. JCOAL operates under the supervision of the Ministry of Economy, Trade and Industry of Japan and is supported by more than 120 member coal-related businesses, including Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Nippon Steel and Toshiba. Kawasaki is scheduled to test its solid sorbent capture technology at the ITC beginning in 2021.

Published in Global Cement News
Tagged under
  • US
  • Wyoming
  • Japan Coal Energy Center
  • GreenOre Clean Tech
  • Calcium Carbonate
  • CO2
  • Coal
  • power station
  • Wyoming Infrastructure Authority
  • Columbia University
  • concrete
  • Aggregates
  • Memorandum of Understanding
  • Kawasaki Heavy Industries
  • Research
  • CCUS
  • Japan
  • GCW415
  • carbon capture
  • decarbonisation
19 July 2019

UltraTech Cement to complete merger with Century Cement by September 2019

India: UltraTech Cement plans to complete its merger with Century Cement by September 2019. Chairman Kumar Mangalam Birla said the company has approval from shareholders, the Competition Commission and stock exchanges, according to the Mint newspaper. However, it still needs permission from the National Company Law Tribunal (NCLT).

The merger, which was first announced in May 2018, is a long running reorganisation of assets belonging to the Birla family. Once complete it is expected to give UltraTech Cement dominance in all regional markets with the addition of 13.4Mt/yr of production capacity in Madhya Pradesh, Chhattisgarh and Maharashtra.

Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Merger
  • Century Cement
  • shareholders
  • Competition Commission of India
  • National Company Law Tribunal
  • Madhya Pradesh
  • Chhattisgarh
  • Maharashtra
  • GCW415
19 July 2019

ACC counteracts modest cement sales with earnings boost in first half of 2019

India: ACC’s net sales grew by 8% year-on-year to US$1.15bn in the first half of 2019 from US$1.06bn in the same period in 2018. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 18% to US$191m from US$162m. Its cement sales volumes rose by 2% to 14.7Mt from 14.4Mt and its ready-mixed concrete (RMX) sales volumes jumped by 15% to 1.79Mm3 from 1.56Mm3.

“I am pleased that EBITDA improved significantly on account of better realisations, operational efficiencies and supply chain efficiency improvement. Despite subdued cement demand, our strong customer relationships, loyal channel network and range of innovative products have helped us deliver a robust quarter,” said Neeraj Akhoury, the managing director and chief executive officer (CEO) of ACC. He added that the company’s concrete business grew ‘strongly’ due to eight new RMX plants it added in the second quarter. Altogether the company operates 82 operational.

Published in Global Cement News
Tagged under
  • India
  • ACC
  • Results
  • LafargeHolcim
  • GCW415
19 July 2019

Zuari Cement’s Sitapuram plant breaches particulate matter emissions

India: Zuari Cement’s integrated cement plant at Sitapuram, Telangana has been issued a show cause notice by the Central Pollution Control Board (CPCB) for exceeding particulate matter emissions. During an inspection it has found to be emitting 40.6mg/Nm3 from the kiln and 78mg/Nm3 from the cement mill, according to the Times of India newspaper. The limit is 30mg/Nm3. CPCB officials also found other violations including an alleged deliberate attempt show reduced levels of sulphur dioxide and nitrogen oxide. The plant has been asked to calibrate its dust monitors properly and submit a compliance report by late July 2019.

Published in Global Cement News
Tagged under
  • India
  • Zuari
  • Pollution
  • Dust
  • Particulate matter
  • Telangana
  • Central Pollution Control Board
  • Emissions
  • HeidelbergCement
  • Plant
  • GCW415
19 July 2019

Cementos Pacasmayo’s sales build in first half of 2019

Peru: Cementos Pacasmayo’s sales grew by 5.3% year-on-year to US$193m in the first half of 2019 from US$183m in the same period in 2018. Its consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 5% to US$57.1m from US$54.5m. Cement production at its three plants rose by 10.6% to 1.2Mt from 1.08Mt. The cement producer attributed the growth in sales to higher sales in the public sector, El Niño reconstruction spending and a revival of infrastructure projects.

Published in Global Cement News
Tagged under
  • Peru
  • Cementos Pacasmayo
  • Results
  • GCW415
19 July 2019

ARM Cement sale faces opposition from former boss

Kenya: Pradeep Paunrana, the former chief executive officer (CEO) of ARM Cement, has challenged the sale of his former company’s assets in Kenya to National Cement. Lawyers acting on behalf of Paunrana, who remains a major shareholder, have filed a petition at the Kenyan High Court, according to the Business Daily newspaper.

ARM Cement was place in administration in mid-2018. Administrator PricewaterhouseCoopers (PwC) later decided to sell the cement producer’s assets in Kenya to National Cement for US$48m. However, a consortium of investors led by Paunrana offered US$63m for the assets but this bid was declined due to a lack of proof of funds and its late submission.

Published in Global Cement News
Tagged under
  • Kenya
  • ARM Cement
  • administration
  • Divestments
  • National Cement
  • Legal
  • PricewaterhouseCoopers
  • GCW415
19 July 2019

Arab Cement Company’s Aleppo plant being renovated

Syria: Parts of the Arab Cement Company’s integrated plant in Aleppo are being renovated. Ayman Nabhan, the Director General of the General Establishment for Cement and Building Materials, said that the unit had suffered ‘heavy’ damage from terrorists, according to the Syrian Arab News Agency. The government says that industrial plants in the region are being repaired and returned to production. It took back control of the city from opposition forces in late 2016.

Published in Global Cement News
Tagged under
  • Syria
  • Arab Cement Company
  • Plant
  • General Establishment for Cement and Building Materials
  • War
  • GCW415
19 July 2019

Titan Group completes share exchange tender offer

Greece: Titan Group has successfully completed a share exchange exercise between its subsidiaries. The voluntary share exchange tender offer was submitted by Τitan Cement International to the shareholders of Titan. Following the transaction Titan Group will be listed, through Titan Cement International, on Euronext Brussels, the Athens Exchange and Euronext Paris, on 23 July 2019. The company said the move would strengthen its international growth path and future outlook.

Published in Global Cement News
Tagged under
  • Greece
  • Titan Cement
  • corporate
  • Shares
  • shareholders
  • stock exchange
  • GCW415
19 July 2019

Sri Lankan Navy rescues sailors from clinker barge

Sri Lanka: The Sri Lankan Navy has rescued nine sailors from the ‘Sri Lanka Glory,’ a barge that transports clinker to the Rugunu cement grinding plant in Galle. The barge was forced off course by gale-force winds off the coast of Rumassala, according to the Daily Mirror newspaper. A previous attempt to retrieve the seamen from the damaged vessel by tug had failed.

Published in Global Cement News
Tagged under
  • Sri Lanka
  • Sri Lankan Navy
  • Shipping
  • Clinker
  • Holcim Lanka
  • LafargeHolcim
  • GCW415
18 July 2019

Chinese government considering rating scheme to manage production stops for heavy industry

China: The government is considering introducing a rating scheme for companies in 15 key industries, including steel, coal and cement. Those with the highest emissions will be subject to the strictest production limits, according to the Economic Information Daily newspaper. Those with an A-rating, the highest, will be required to suspend production only in extreme weather, while the C-rated companies will be subject to additional bans during the winter heating season, when pollution is the most severe. The scheme is intended to incentivise companies to upgrade their equipment.

Published in Global Cement News
Tagged under
  • China
  • Government
  • Shutdown
  • peak shifting
  • GCW415
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