Displaying items by tag: GCW559

Europe: The European cement industry association Cembureau has published its 2030 Biodiversity Roadmap. The roadmap sets out the association’s strategy for becoming nature positive by 2030. This consists of four focus areas, namely participation in the European Union (EU) Pollinators Initiative, control of invasive species, support for protected species and ecosystem rehabilitation efforts.

Chief executive officer Koen Coppenholle said “The European cement industry is committed to achieving the goals set in the EU Green Deal. In addition to climate change, one of the key priorities of our industry is to protect and preserve the rich ecosystems thriving in and around our quarries and to make a strong contribution to biodiversity across the EU.”

India: The National Bank for Agriculture and Rural Development (NABARD) has entrusted Ambuja Cement Foundation with responsibility for a new watershed development project in Himachal Pradesh’s Mandi District. The work will support local farmers in increasing their production and productivity. It will be the 10^th such project that Ambuja Cement Foundation has executed.

Director and CEO Pearl Tiwari said “Ambuja Cement Foundation has a long-standing relationship with NABARD, and we have been working together on watershed development in Himachal Pradesh for the past 14 years. With this new project, we are once again working to empower farmers of another district in the hilly region.”

India: India Cements’ fourth-quarter sales were US$183m in its 2022 financial year, which ended on 31 March 2022, down by 4% year-on-year from US$190m in the corresponding quarter of the 2021 Indian financial year. The producer’s net loss was US$1.37m, as against a first-quarter 2021 financial year net profit of US$6.47m. During the quarter, the company’s cement sales volumes fell by 1.4% to 2.63Mt from 2.67Mt, while its clinker sales volumes fell by 88% to 38,000t from 324,000t. For the full 2022 financial year, India Cements’ sales of cement rose by 2% to 9.07Mt from 8.9Mt. Coal costs ended the financial year at US$300/t, five times the 31 March 2021 price of US$60/t.

India Cements said “The spiralling prices of fuel, along with the shortage in availability of the same, affected the margins of the industry. The woes of the industry worsened further with the outbreak of Russia's war with Ukraine resulting in sanctions being imposed on Russia and its exports, fuelling further shortage of coal and oil in the market.”

US: The US Department of Energy has granted Solidia Technologies US$2.1m in funding for the development and testing of carbonation methods for its Solidia Cement. Solidia will research synthetic supplementary cementitious materials (SCMs) production methods using direct CO₂ capture and utilisation.

CEO Russell Hill said “We are proud to partner with the US Department of Energy to continue innovating and ultimately deliver on our mission to provide commercially viable decarbonisation technologies and sustainable solutions for the global construction and building materials industries. The funding will advance our carbon capture, utilisation and storage (CCUS) technologies and synthetic SCMs that can be easily integrated into Portland cement-based concrete formulations, offering manufacturers a solution that is sustainable environmentally and economically.”

Colombia: Cementos Argos exported 297,000 of cement in the first quarter of 2022, up by 32% year-on-year from first-quarter 2021 levels. The producer said that it achieved the increase thanks to the commissioning of its new 3.5Mt/yr Cartagena terminal in February 2022, which tripled its export capacity. The company says that its export network will now have the capacity to export 1.3Mt of cement in 2022.

Germany: HeidelbergCement has replaced its existing revolving credit line with a new syndicated credit line based on the Loan Market Association’s sustainability-linked loan principles (SLLP). HeidelbergCement says that key performance indicators of its progress towards sustainability objectives will determine the credit line’s credit margin, adjusted according to its CO₂ emissions per tonne of cementitious material and alternative fuel (AF) substitution rate. HeidelbergCement says that its ‘solid financial base’ enabled it to reduce the syndicated credit line to US$2bn from US$3bn, and to avoid financial covenants.

Chief financial officer René Aldach said “With the conclusion of the new syndicated credit line, we have taken the first step towards sustainable financing. In addition, we were able to improve the terms and conditions compared with the previous credit line.”

India: The Indian government has established a special panel to examine an array of possible measures to lower high cement prices in parts of the country. The Hindu newspaper has reported that the panel will consider plans, including increasing cement shipping from South Indian plants currently operating under capacity to areas affected by shortages. The national government is in talks with the South India Cement Manufacturers' Association (SICMA) about the possibility of increasing members' cement sales in future.

India: Holcim India subsidiary ACC has announced that industrial conglomerate Adani Group's open offer for Holcim's Indian business will open on 6 July 2022 and conclude on 19 July 2022. Live Mint News has reported that the parties expect the deal to subsequently close within 2022.

India: India Cements has signed a strategic collaboration agreement with 3D printing equipment supplier company Tvasta Manufacturing. The agreement establishes mutual strategic support between the partners in their efforts to develop new raw materials for use in 3D printing.

India Cements director Rupa Gurunath said "We are excited that Tvasta Manufacturing's technology delivers a cost-effective construction method that offers quicker turn-arounds as compared to conventional methods. But what we are particularly enthusiastic about is that this methodology is more eco-friendly, with lower consumption of water and sand."

US: Holcim has commissioned 10 Hyliion Hypertruck ERX electric trucks in its Oklahoma and Texas cement and concrete operations. The cement producer says that the trucks reduce CO₂ emissions by 89% when using renewable natural gas compared to conventional diesel vehicles.

Holcim US aggregates and construction materials CEO Jay Moreau said “This agreement with Hyliion underscores the direction Holcim is taking around the globe to reach our sustainability and environmental goals. By integrating sustainable technologies like electric vehicles into our operations, such as those of Hyliion, we are able to build on our promise of making greener cities, reducing emissions and driving the circular economy.”