08 October 2021

US: The US Department of Energy has selected Central Plains Cement to receive US$5m-worth of funding to realise its plans for a cryogenic carbon capture (CCC) installation at its Sugar Creek, Missouri, cement plant. Contify Energy News has reported that the system will initially have a capacity of 30t/day of CO₂, with a view to eventually capturing 95% of the plant’s flue gas’ CO₂ content. The Eagle Materials subsidiary will receive US$5m in funding from the US Department of Energy for the project. The sum is part of a raft of a total US$45m-worth of grants to help towards decarbonising heavy industry and natural gas power. Chart Industries will carry out the work.

Chart Industries CEO and President Jill Evanko said that the company’s CCC model increases cement production costs by just 24%, compared to 38% - 130% for other types of system. She added “We are delighted that public and private entities recognise Chart as a leader in carbon capture technologies and products; we view this award as well as our third quarter 2021 commercial activity as meaningful steps and accelerators toward capturing - pun intended - a significant share of our anticipated US$6bn total addressable market for carbon and direct air capture in 2030.”

The St Louis Post newspaper has reported that Holcim US’s Ste-Genevieve, Missouri, cement plant is also among facilities chosen to receive funding for carbon capture and storage (CCS) installations.

Mexico: Cemex CEO Fernando Gonzalez has estimated that the impacts of the Covid-19 outbreak will cost the group US$100m in 2021. Gonzalez attributed the anticipated negative effect on full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) to supply chain disruptions and currency effects, especially on the Mexican Peso, as well as delays to projects globally.

China: Tangshan Jidong Cement has announced plans to issue a tranche of bonds with a total value of not more than US$155m. Reuters News has reported that the issuance is the second by the company.

Finland: Wärtsilä has announced that its upcoming Capital Markets Day event will take place at 1pm – 4.30pm, Eastern European Time (EET), on 18 November 2021. The supplier says that attendees will be able to follow proceedings via a webcast. President and CEO Håkan Agnevall together will host the event, during which members of the board of management will provide information on the company's business operations, strategy, and financial development.

Registration is open until 11 November 2021 and may be accessed here.

India: NCL Industries recorded a 10% year-on-year rise in cement production to 677,000Mt in the second quarter of the 2022 financial year from 615,000t in the second quarter of the 2021 financial year. Its cement dispatches also increased by 10% to 678,000t from 617,000t. The company's cement board production during the quarter was 19,200t, while its cement board dispatches were 18,800t.