18 August 2021

Iran: 56 cement companies out of 78 have joined the Iran Mercantile Exchange (IME), a commodities exchange based in Tehran. Abbas Yaghoubi, Director of Commodity Exchange Market Operations, told the Mehr News Agency that all the country’s cement will eventually be traded on the exchange. The IME has to set a based offering volume for every cement production factory. The remaining cement producers outside of the IME have been asked to join and the Iranian Cement Industry Association has written to them also on the matter. Yaghoubi revealed that cement trading on the exchange reached 1Mt/week in August 2021 after starting from around 0.1Mt/week.

Spain: Construction work has started on 6.2MW solar plant that will supply electricity to Cementos Cosmos’ Toral de los Vados integrated plant in León. Commissioning is scheduled by February 2022. The photovoltaic plant will include over 11,400 solar panels in an area of around 10 hectares. It will meet 15% of the plant’s electricity demands. Spain-based solar specialist EIDF (Energía, Innovación y Desarrollo Fotovoltaico) is supplying the unit at a previously reported cost of Euro4m.

Russia: SLK Cement has ordered 100 gondola railway wagons to improve its logistics operations over the busy summer sales period. It increases the company’s fleet of railway wagons - including hoppers, gondolas and dump cars – to 570 units. Yevgeny Grishchenko, the Logistics Director of SLK Cement, said that the expanded railway fleet would reduce delays in deliveries and reduce transport costs.

Bahrain: Saudi Arabia-based Saudi Cement has increased its share in its Bahraini subsidiary United Cement Company (UCC) by 37% to 100%. The purchase of additional shares cost it around US$7.5m in May 2021. UCC is an importer and distributor of bulk cement. It operates a marine terminal and was founded in 1999.

India: The Energy and Resources Institute (TERI) and the Global Cement and Concrete Association (GCCA) India have signed a memorandum of understanding to accelerate sustainable development of cement and concrete sectors. Under the agreement, TERI will provide its domain expertise and knowledge to support GCCA India's work to achieve sustainability in the Indian cement and concrete sector, according to the Press Trust of India. The collaboration will see TERI's involvement in GCCA India work programs while GCCA India and its members will support TERI's projects on technology innovation, energy efficiency enhancement, and resource efficiency implementation.

"The demand for cement and concrete will only increase in the decades to come due to population growth and urbanisation. Therefore, reducing CO₂ emissions in the cement and concrete industry is critically important,” said Mahendra Singhi, chairman of GCCA India. He added that working with stakeholders across sectors and with civil society would be essential to reaching the association’s sustainability goals.

Denmark: 29 consortium members, including Aalborg Portland Cement, Aker Carbon Capture and INEOS, have signed up to phase two of the Greensand carbon capture and storage pilot project. Proof of concept planning is now underway with a potential start date of around late 2021 subject to securing funding from the government’s Energy Technology Development and Demonstration Program. If successful an offshore injection pilot is scheduled for late 2022.

A majority of the Danish Parliament decided in December 2020 to set aside a special funding pool to support a CO2 storage pilot project, aiming to investigate the reservoir-CO₂ interaction in the Danish North Sea. This pilot project, if designed correctly, could form the basis for a decision, to enable CO₂ storage by 2025.

Mads Weng Gade, Head of Country, Denmark and Commercial Director INEOS Energy said, “We are taking this step by step. We now have the consortium in place, and if we are successful in receiving ongoing support from the Danish Government and advisory board, Greensand will be able to take another important step forward in supporting the Danish Climate Strategy.”

Spain: An anonymous source informed the Regional Government of Andalusia about the discovery of a cave with interesting geological features at a quarry run by FYM near its Malaga integrated cement plant. Photographs of the cave subsequently circulated on social media raising local awareness, according to El Español. The local government has commissioned a study to assess whether the site has any archaeological interest that might protect it however the condition of the site is reportedly poor. FYM, a subsidiary of Germany-based HeidelbergCement, has confirmed that activity in that part of the quarry has been ‘paralysed’ while it waits for the study to be completed.