Germany: Heidelberg Materials has begun work on the GeZero project at its Milke plant in Geseke. The €500 million project will implement carbon capture and storage (CCS) technology to prevent the release of CO₂, instead capturing and storing it under the North Sea. According to the Westfälische Rundschau, the project has secured €191m in funding from the EU, with Heidelberg Materials covering the remaining amount. The company anticipates completing the plant conversion by 2029, with interim CO₂ transport via rail and potential future pipeline connections. According to the company, around 700,000t/yr of CO₂ is currently produced by the plant.

There had been potential changes in project partnerships due to the sale of BASF subsidiary Wintershall Dea, which was to provide the transport and storage solutions, to Harbour Energy. However, plant manager Steffen Gajewski expects that planning for the conversion of the plant will be completed in 2025, when the new oxyfuel kilns to capture the CO₂ will be ordered and installed.

Germany: Holcim is investing a three-figure million sum into its cement plant in Lägerdorf, Steinburg, according to the Segeberger Zeitung. The plant will employ a second-generation oxyfuel kiln line to increase the concentration of CO₂ in the flue gas during clinker production. The project aims to capture 1Mt/yr of CO₂. The new kiln line is expected to be operational by 2029.

State Secretary for Energy, Joschka Knuth, said "The decarbonisation of Holcim is a very important signal for the entire industrial location of Germany."

Canada: Heidelberg Materials North America has announced a new front end engineering design (FEED) contract for its Edmonton carbon capture, utilisation, and storage (CCUS) project. This involves MHI Low Carbon Solutions Canada (MHI-LCSC) and Kiewit Energy Group who will collaborate on the carbon capture technology at the plant. The FEED study will leverage MHI's Advanced KM CDR Process, which uses the KS-21 solvent. The Edmonton plant aims to capture 1Mt/yr of CO₂.

Vice President at Kiewit, Rob Medley, said "Heidelberg Materials is taking a major step towards decarbonising hard to abate industries by deploying innovative and effective carbon capture technology."

Australia: Boral has endorsed Seven Group Holdings' (SGH) increased takeover offer after the bidder enhanced its proposal. According to Business News Western Australia, Boral is now recommending its shareholders accept SGH's offer, previously rejected in March 2024. The offer has risen from an initial US$0.98/share to a maximum of US$1.11/share. An on-market buyback is also an option at up to US$4.19/share, with total shareholder value estimated between US$4.02 and US$4.17.

Boral's independent corporate advisory company, Grant Samuel, now finds the offer ‘reasonable’. SGH has increased its stake in Boral to 78.8% and proposes further governance adjustments by adding two more executives to Boral's board.

Managing director of SGH, Ryan Stokes, said "We are pleased to offer Boral shareholders the maximum consideration under our offer. Both new and existing SGH shareholders also stand to benefit from the US$0.20/share fully franked dividend that SGH will pay following completion of the offer." The offer period is extended to 15 May 2024.

Nigeria: The government has threatened to reopen borders for mass cement importation if local producers do not reduce prices. The Minister of Housing and Urban Development, Ahmed Dangiwa, said that the country had recently seen a ‘recurring and concerning increase in the price of cement’, according to the People’s Daily newspaper. Recent price hikes have threatened an agreement made in February 2024 to stabilise the price of cement. The government had previously halted cement imports to boost local production and affordability, yet producers cite high fuel and equipment costs as factors driving up prices.

The Cement Manufacturing Association of Nigeria has been criticised for its inaction in price regulation. Dangiwa said “The association is expected to monitor price control, otherwise it has no need to exist.”

China: Shares of China Tianrui Group Cement plummeted by 99% in just 15 minutes before Hong Kong’s stock market closed on 9 April 2024, according to Reuters. This led to a decrease in the market value of the company, to US$17m from US$1.86bn. The cause of the sudden drop remains unknown and trading in Tianrui shares is suspended pending an announcement on ‘inside information’.

In the 2023 financial year, the company recorded a net loss of US$45.8m, compared to its US$62m net profit in 2022. This downturn is partly attributed to the struggles in China's property sector.

South Africa: Afrimat has received approval to acquire all of Lafarge South Africa and its subsidiaries. The acquisition has been structured as a locked box transaction, effective 31 December 2022, and the purchase is valued at US$6m. Afrimat also agreed to repay its loan amounts owed equating to US$47.8m. Afrimat confirmed the acquisition of the LSA Group, part of the Holcim Group, on 10 April 2024.

CEO Andries van Heerden said "The time was perfect for Afrimat to return to its roots of quarrying and aggregates to support long-term diversified sustainability across the group." He added that CFO Pieter de Wit will serve as the full-time integration manager to ensure integration of the two entities.

Pieter de Wit said "This exciting deal forms part of the Afrimat group’s ongoing diversification strategy. It will increase Afrimat’s offering in the construction materials space, by expanding the group’s quarry and ready-mix operations nationally."

The deal will bring 800 Lafarge employees to Afrimat. The acquisition also includes Lafarge's fly ash operations and a grinding plant. Funded primarily in cash, Afrimat's move comes at a time when the construction materials sector is experiencing increased demand, driven partly by state initiatives and a ‘robust’ residential building market in coastal regions.

Vietnam: The Vietnam Cement Association (VNCA) has urged the government to address the cement industry's challenges, following a continuous decline in sales since 2022. Despite having 61 cement plants with a combined capacity of 117Mt/yr, the industry recorded sales of only 87.8Mt/yr in 2023, marking a 16% year-on-year fall in domestic consumption to 56.6Mt and a 1% decline in exports to 31.2Mt. The downturn in both domestic and export markets has resulted in excess inventory, leading many plants to reduce capacity or halt operations, with some facing bankruptcy or the risk of foreign acquisition.

Several factors have contributed to the industry's difficulties, including reduced domestic demand due to reliance on traditional construction techniques in major infrastructure projects, a stagnant real estate market, escalating fuel costs, and increased export taxes on clinker. To combat these issues, VNCA proposes promoting concrete use in high-speed infrastructure projects, especially in the Central region and the Mekong Delta. It also advocates maintaining or eliminating export taxes on clinker for the next two years and providing VAT exemptions. Additionally, VNCA calls for financial support, requesting banks to offer debt relief and reduced interest rates to cement companies. The association also advises against further foreign investment in Vietnam's cement sector.

US: Boulder County has initiated action to terminate the operating licence of the Cemex cement plant near Lyons, Colorado, citing improper expansion of use. Dale Case, director of Boulder County Community Planning and Permitting, sent a notice to the company, motivated by a ‘significant’ rise in traffic. The letter said that the increased traffic created a need for new traffic construction and infrastructure, and requires a new access permit from the Colorado Department of Transportation (CDOT).

The plant has been operational since 1965, but faced changes in 1994 when Boulder County amended its land use code, necessitating special use approval for open mining at the Dowe Flats Quarry. The special use approval for the quarry expired on 30 September 2022, leading to termination of all mining operations and multiple complaints alleging the cement plant's non-compliance with county code and traffic congestion. A CDOT study revealed an increase in truck traffic since the quarry's closure, with daily trips increasing by 50% year-on-year.

Cemex now has a 30-day window to contest the director's determination, reduce plant use, or appeal to the Boulder County Board of Commissioners. The plant will continue operating under existing conditions until a final decision is reached.

Brazil: Votorantim Cimentos has inaugurated its first unit in Brazil for Viter, its agricultural inputs business, and Verdera, its sustainable waste management business. Located in Itaperuçu, the unit comprises a new Verdera waste crushing plant and an agricultural limestone production line for Viter. This initiative is part of a US$785m investment programme.

Verdera's Itaperuçu facility has a capacity of 48,000t/yr, tripling its previous capability, and is equipped with technology for sustainable waste treatment. The waste processed at the plant will be converted into clean energy for cement production at Votorantim's plant in Rio Branco do Sul, using co-processing technology developed by Votorantim in Brazil in 1991. Viter's new line will increase agricultural limestone production in Paraná. The Itaperuçu plant, along with the existing Rio Branco do Sul unit, brings Viter's total capacity to 1.5Mt/yr of agricultural limestone in Paraná. The new plant features filters for emission control and utilises biomass as a renewable energy source.