Displaying items by tag: Cemex España

Colombia: Spain-based Cemex España is offering to acquire non-Cemex-owned shares in Cemex Latam Holdings. Sentido Común News has reported that the move prefigures Cemex Latam Holdings' planned delisting from the Colombian stock exchange to become an independent company. Mexico-based Cemex will consider its divestment under the group's asset optimisation strategy. The company said that the current offer gives investors the chance to exit. It expects to conclude all transactions by 1 May 2023.

Spain: Sustainability Observatory's Decarbonisation 2022 report has named FCC, Cemex and Holcim on a list of Spain's top 10 CO₂ emitters. Construction conglomerate FCC, parent company of Cementos Portland Valderrivas, was the seventh largest contributor the country's CO₂ emissions during the year. Mexico-based Cemex placed joint eighth with energy provider Iberdrola at 2.4Mt-worth of CO₂ emissions in 2021, followed by Switzerland-based Holcim with 2Mt.

Spanish CO₂ emissions grew by 5.1% year-on-year in 2021, and by 3% across industries subject to emissions credit trading, which include the cement sector. Together, the top 10 emitters accounted for 57% of these industries' emissions, and 19% of total national emissions.

Spain: Cemex España has signed a 10-year renewable energy supply deal with Acciona Energía. The producer expects the contract to cover 30% of its power consumption. It used 30% renewable energy in 2021, and is aiming to achieve 55% renewables use by 2030.

Cemex Europe, Middle East, Africa and Asia president Sergio Menendez said "Increasing clean energy consumption plays a key role within our decarbonisation plan." He concluded "This agreement shows commitment to our clean energy transition, adding to the success of similar agreements in other geographies."

Spain: Cemex España has received clearance from the Balearic Islands Environmental Commission (CMAIB) to import up to 10,000t/yr of granulated blast furnace slag (GBFS) to Majorca. Ultima Hora Online News has reported that the producer will substitute some of the limestone used in the company's Lloseta plant's cement production with the material.

Waste management company Tirme previously handled the Lloseta cement plant's slag supply.

Spain: Cemex’s Mósteles clinker pilot batch production unit at IMDEA Energy Institute in Madrid Autonomous Community has produced its first batch of solar-heated clinker. The unit uses Switzerland-based Synhelion solar radiation technology. The technology uses a solar receiver and gaseous heat transfer fluid to heat raw materials.

Cemex chief executive officer Fernando Gonzalez said “The production of the first solar clinker is an exciting milestone for this transformational technology. It is proof of our commitment to deliver tangible outcomes through innovation to achieve our goal of delivering only net-zero CO₂ concrete by 2050.” He concluded “Cemex is building a better future, and that future must be sustainable.”

Spain: The large taxpayers unit of the Tax Agency has imposed a Euro63m fine on Cemex España for issues relating to past tax payments. The El País newspaper has reported that the fine follows an investigation of the company’s corporation tax payments between 2010 and 2014. The agency previously imposed a Euro456m fine on Cemex in 2011 for inflating its losses between 2006 and 2009.

Spain: Hanson Spain has agreed to sell its Madrid quarry and three ready-mix concrete plants in the Balearics to Cemex España. The buyer said that the investments promise a high return and are part of the strategic global strengthening of its vertically integrated positions near high-growth urban centres. It expects the deal to close in early 2022.

Europe, Middle East, Africa and Asia regional president Sergio Menéndez said “This acquisition will allow us to better serve our clients by integrating and complementing our portfolio to provide a comprehensive and sustainable offering in Cemex’s high-growth regions of Madrid and the Balearic Islands.” He added “This is another example of the efforts we make to optimise our portfolio and drive earnings before interest, taxation, depreciation and amortisation (EBITDA) growth through high-yield complementary investments."

Hanson has also sold its aggregates and ready-mix concrete assets in Asturias, Catalonia and Madrid to different buyers. Parent company HeidelbergCement had announced a review of its Spanish assets on 22 February 2021. Their total value was Euro300m.

Spain: Acciona and Enagás-led consortium Power to Green Hydrogen Mallorca has begun the construction of one of two planned solar power plants at Cemex España’s Lloseta plant in Majorca. The first, 13,500MWh/yr, plant will consist of 16,600 solar panels. A second, 10,800MWh/yr plant consisting of 12,700 panels will subsequently bring the total power capacity to 24,300MWh/yr. This is enough to produce 300t/yr of green hydrogen for the Lloseta cement plant’s operations.

The project to develop a ‘renewable hydrogen ecosystem’ in Majorca currently has Euro10.0m-worth of funding. The consortium has agreed with local to sheep farmers to allow the latter to use the solar power plant sites for grazing after construction is finished.

Spain: Cemex España has inaugurated its refurbished central laboratory at Buñol, Valencia. The Valencia Plaza newspaper has reported that the laboratory is equipped with new analytical equipment. It will introduce several new techniques for testing cement to the company’s existing procedures.

Quality Director Jesús De la Calle said "The company's strategy is currently focused on decarbonising all of its products and processes and developing specific low-carbon products for specific needs, and the central laboratory is key in the achievement of these objectives." The facility is one of the company’s three central laboratories. The others are situated in Monterrey, Mexico, and Tampa, US. The Buñol laboratory will be closely involved in the conversion of Cemex España’s Alicante cement plant to a ‘benchmark, pioneer’ low-CO2 cement plant.

Spain: The Balearic Environmental Commission has set more stringent environmental requirements than previously in its authorisation of Cemex’s Lloseta plant’s licence to operate. The Diario de Mallorca newspaper has reported that the authority has followed standards set out by European Commission decisions. The requirements cover emissions, dust and hazardous waste volumes.