Displaying items by tag: GCW630
Afghan government appoints Al-Falah Global and International Task Group for Jabal Siraj cement plant expansion
13 October 2023Afghanistan: Qatar-based Al-Falah Global and International Task Group has won a government contract to expand Jabal Siraj cement plant. Local engineering firm Awfi Bahram will also collaborate on the project. BBC Monitoring South Asia has reported that the work will increase the plant’s capacity by a factor of 50 to 1.5Mt/yr from 30,000t/yr. The total cost of the project is US$220m.
ThyssenKrupp Polysius wins CIMPOR flash activator contract
13 October 2023Ghana: CIMPOR has appointed Germany-based ThyssenKrupp Polysius to build a 1280t/day flash activator for clay. The activator will supply calcined clay for use in the production of cement with a clinker factor as low as 50%. This can reduce the cement’s CO2 emissions by 40% compared with ordinary Portland cement (OPC). The supplier’s contract covers engineering, supply of core equipment and supervision of the project. The equipment includes parts for clay handling, a hammer mill, a flash dryer and preheating and cooling equipment, as well as storage silos. The activator will be natural gas-fired.
Polysius Activated Clay product owner Leo Fit said "Our technology is not only more environmentally friendly, but also creates cost benefits for our customers like CIMPOR. In many regions, limestone is scarce and clinker has to be imported at high cost. At the same time, suitable clay sources are available. The increasing pressure to reduce greenhouse gas emissions is leading cement manufacturers to rethink. They need an alternative that is cost-efficient and at the same time provides high-quality cement. This is exactly what Polysius activated clay offers."
Adani Group refinances loan for Holcim India acquisition
13 October 2023India: Adani Group has entered into a US$3.7bn refinance agreement with multiple banks to refinance the loan it took to acquire Holcim’s Indian business. Live Mint News has reported that the consortium of banks includes Deutsche Bank, Standard Chartered, Barclays, Citibank, MUFG Bank and Sumitomo Mitsui Banking Corporation. Sources ‘with direct knowledge of the matter’ reported that the refinance agreement will have a tenure of 36 months.
India: A report by the Council on Energy, Environment and Water (CEEW), funded by power provider BP, has estimated that India’s cement and steel sectors will require capital expenditure (CAPEX) investments of US$627bn in order to reach net zero CO2 emissions. The report stated that waste heat recovery (WHR) and other efficiency-enhancing upgrades to cement plants can immediately reduce the industry’s emissions by 32%.
United News of India has reported that CEEW CEO Arunabha Ghosh said "Incentivising renewable energy will play a pivotal role in decarbonisation, through lower or no transmission charges at central and state levels. The government of India should develop a policy for and expedite the establishment of a carbon capture, utilisation and storage ecosystem to abate more than half of the emissions from the existing steel and cement plants.” Ghosh added “Since hydrogen will play a key role in its implementation, the next phase of the National Green Hydrogen Mission should focus on this agenda."
Kesoram Industries increases cement sales and earnings in first half of 2024 financial year
13 October 2023India: BK Birla Group subsidiary Kesoram Industries sold 3.73Mt of cement during the first half of its 2024 financial year (1 April 2023 – 30 September 2023). This corresponds to a rise of 17% year-on-year from 3.19Mt in the first half of the previous financial year. The producer’s earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 57% to US$26m from US$16.6m.
Grupo Argos bought land for carbon offsetting in bad faith
13 October 2023Colombia: A court has ordered Grupo Argos to hand over 490 hectares of land in Sucre. The El Colombiano newspaper has reported that the land’s original owners sold their land to Grupo Argos between 2005 and 2007, amid civil conflict. The company argued that it had made the purchase in good faith, however the court rejected this, given that paramilitary violence in the area was a matter of public knowledge. Grupo Argos subsidiary Tekia subsequently planted teak trees on the land as part of the group’s carbon offsetting efforts. The Colombian Land Restitution Unit will now use the land to generate funding for repatriation programmes for people who fled the war.
UK: First Graphene and Breedon Group have entered into a development and commercialisation agreement. Together, the companies aim to enhance Breedon Cement’s CEM II Portland limestone cement (PLC) through the use of First Graphene’s graphene enhanced grinding aids and cement admixtures. Breedon will provide increased access to cement production lines in order to optimise the understanding of the processing environment and operating conditions.
Breedon Group’s Hope cement plant in Derbyshire previously conducted a 24-hour graphene-enhanced cement production trial on 28 June 2023.
Steppe Cement’s nine-month sales decline in 2023
12 October 2023Kazakhstan: Steppe Cement reported sales of US$65.2m during the first nine months of 2023. This corresponds to a year-on-year decline of 4.8% from US$68.5m in the corresponding period of 2022. Steppe Cement forecast a year-on-year decline in its earnings before interest, tax, depreciation and amortisation (EBITDA) in full-year 2023 from US$30.9m in 2022, due partly to the impact of inflation on costs, including energy costs.
CEO Javier del Ser Perez said "Despite a slightly smaller domestic cement market so far in 2023, we remain confident that the company will continue to deliver strong sales figures going forward."
West Africa: Ciments de l'Afrique (CIMAF) plans to produce limestone calcined clay cement (LC3) at cement plants in West Africa. Parent company Omnium des Industries et de la Promotion (OIP) plans to build a calcined clay production facility in Burkina Faso to supply the material. Gulf Oil & Gas News has reported that OIP secured a Euro45m loan from World Bank Group’s International Finance Corporation on 10 October 2023. It will invest Euro32.4m in construction of its upcoming calcined clay production facility and Euro12.6m in
construction of solar power plants for three CIMAF subsidiaries in Burkina Faso, Chad and Mali.
CIMAF CEO Anas Sefrioui said "IFC's green loan provides essential long-term financing for our projects in Africa. Through the green loan structure, we are bringing the best practices in financing decarbonisation initiatives in the region. We look forward to reducing our carbon footprint and replicating these best practices in our African operations.”
Kenya: East African Portland Cement Company (EAPCC) has won a legal dispute for the right to evict squatters from 1740 hectares of limestone-bearing land in Machakos County. Nation News has reported that the court struck out the case after claimants failed to produce requested documents. It also ordered the claimants to pay EAPCC’s legal costs.