18 September 2020
HeidelbergCement presents Beyond 2020 business strategy 18 September 2020
Germany: HeidelbergCement has presented a new business strategy, involving an accelerated climate action plan, called Beyond 2020. Under the Strategy, the company will aim to reduce its specific carbon dioxide (CO2) emissions by 10% to 525kg/t of cement by 2025 from 585kg/t in 2019. Its financial targets over the period are “a significant increase in earnings before interest, taxation, depreciation and amortisation (EBITDA) margin by 300 basis points and return on invested capital (ROIC) to clearly above 8%. The group says that it will target a leverage ratio between 1.5 and 2 times its result from current operations in 2020.
Chief executive officer (CEO) Dominik von Achten said, “We see climate change and digitalisation as the two central challenges of the future for society and for our company. As one of the world's leading building materials producers, we have the ambition and the innovative strength to actively shape this change in a pioneering role. At the same time, we see further optimisation potential in our plants and processes. Ecology and economy are not contradictory. Our new medium-term targets for 2025 illustrate this claim.”
Hazemag supplies pozzolan crushers to Northern Cement 18 September 2020
Philippines: Germany-based Hazemag says that it has supplied two HRC 1230 roller crushers to Northern Cement’s 2.0Mt/yr Bulacan, Quezon cement plant. The supplier says that each crusher has a capacity of 800t/hr and will grind pozzolan, shale and silica in the plant’s additive crushing and handling line.
Cemex Ventures partners with Carbon Clean for carbon capture and storage development 18 September 2020
Mexico: Cemex subsidiary Cemex Ventures has signed an agreement with US-based carbon capture and storage (CCS) specialist Carbon Clean for the development of a CCS solution for under US$30/t of carbon dioxide (CO2) captured. Cemex cement plants will host the products during pilot testing. Cemex Ventures head Gonzalo Galindo said, “The ambitious target of making carbon capture technology accessible and more efficient would be an unprecedented achievement for the cement sector, opening a door of opportunities for further developments.”
National Energy Technology Laboratory invests US$1.5m in LafargeHolcim CO2MENT project 18 September 2020
US: LafargeHolcim says that Department of Energy institution National Energy Technology Laboratory has awarded US$1.5m of federal funding to the company’s CO2MENT Colorado project. The project aims to capture 2.0Mt/yr of carbon dioxide (CO2) from the company’s 1.9Mt/yr Portland cement plant in Florence, Colorado for sequestration underground by Occidental.
The group said, “With the successful completion of the initial scoping study in June 2020 and confirmation of Department Of Energy funding, the partnership has committed to the next project phase.”
PCA names Energy and Environment Award 2020 winners 18 September 2020
US: The Portland Cement Association has announced the winners of the Energy Environment Awards 2020. Cementos Argos’ 1.1Mt/yr Harleyville, South Carolina cement plant won the Energy Efficiency Award “by reducing kiln specific heat consumption and increasing the utilisation of the new vertical cement mill,” while CRH subsidiary Ash Grove Cement’s 1.0Mt/yr Midlothian cement plant won the Environmental Performance Award for “operating a whole-tyre burning system utilising a first-in-the-US hot disk system supplied with whole tyres from a nearby tyre recycling company.” Other winners were GCC’s 0.9Mt/yr Odessa, Texas cement plant for Innovation, LafargeHolcim’s 2.2Mt/yr Holly Hill, South Carolina plant for Land Stewardship, Titan Cement's Roanoke Cement Troutville plant for Outreach and HeidelbergCement subsidiary Lehigh Hanson’s 3.2Mt/yr Union Bridge, Maryland plant for Overall Environmental Excellence.
PCA president and chief executive officer (CEO) Michael Ireland said, “America’s cement manufacturers continue to focus on researching and developing new and innovative ways to reduce environmental footprint. The companies receiving these awards are great examples of our industry’s commitment to sustainability and energy efficiency.”