Ghana: Continental Blue Investment Ghana (CBI) may receive up to US$20m from the International Finance Corporation (IFC) for a limestone calcined clay cement (LC3) plant in Tema, according to Ecofin Agency. The US$66.7m project is supported by Société Générale, Norfund and Denmark’s export credit agency EKF, with IFC’s board due to decide on 30 September 2025.
The company said that the facility operates with the ‘world’s largest’ flash calciner, and has a capacity of 400,000t/yr of calcined clay. With the funding, CBI plans to raise output from 600,000t/yr to 1.4Mt/yr, reducing clinker imports and lowering cement prices.
CBI is owned by Swiss holding company F. Scott in a joint venture with Heidelberg Materials, with minority stakes held by Norway and Denmark’s public funds and Danish equipment supplier FLSmidth.
