Displaying items by tag: GCW642

US: Summit Materials has announced that its shareholders voted in favour of its proposed merger with Cementos Argos subsidiary Argos USA. Dow Jones Institutional News has reported that the parties expect the deal to conclude on 12 January 2024.

Philippines: Petra Cement has concluded a manufacturing and sales agreement with industrial conglomerate Phinma Corp. Reuters has reported that the agreement gives Phinma Corp. operations control over Petra Cement’s Zamboanga grinding plant on the island of Mindañao.

Phinma Corp. is already active in Philippine cement production through its subsidiary Philcement, which operates the 2Mt/yr integrated Bataan cement plant in Central Luzon.

Latvia: Schwenk Latvija plans to build a 750,000t/yr carbon capture system at its 2Mt/yr Brocēni cement plant. The producer has hired Norway-based Capsol Technologies to conduct a CapsolEoP carbon capture feasibility study at the plant. Schwenk Latvija is a member of the CCS Baltic Consortium, which achieved provisional inclusion on the European Commission’s list of Projects of Common Interest in November 2023.

Schwenk Northern Europe CEO Reinhold Schneider said “Checking the best carbon capture methods and how they can be integrated with our production process is a crucial task for us on the way to carbon neutrality, and likely the major investment direction for the coming decade. To that end, we are excited to investigate the energy consumption and the scale of equipment required for carbon capture at the Brocēni plant, if potentially partnering with Capsol for this challenge.”

Capsol Technologies CEO Jan Kielland said “We are excited to work with Schwenk, one of the most innovative building materials producers in Europe, which has constantly improved its processes to reduce emissions since operations started at the Brocēni plant’s new kiln line in 2010” He added “With this feasibility study, we are taking another step towards building a position as the preferred carbon capture technology provider for cement.”

Capsol’s project pipeline includes 10 large-scale cement projects in the sales engineering and engineering studies phase. The total CO₂ capture capacity of these projects is 11Mt/yr.

Uzbekistan: The government has reduced the tax on limestone for use as a raw material in cement production. Uzbekistan Newsline has reported that the tax rate has dropped by 73% to US$0.48/t.

India: UltraTech Cement has concluded a deal to acquire a 26% stake in renewable energy provider Amplus Ages. ET Infra News has reported the value of the deal as US$5.91m. The parties expect the deal to complete within 180 days of its execution.

The cement producer, a subsidiary of Aditya Birla, said "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy costs and complying with regulatory requirements for captive power consumption."

Brazil: Brazil consumed 62Mt in 2023, down by 1.7% year-on-year, according to data from the National Cement Industry Association (SNIC). This marks the second successive year of decline, after demand dropped by 2.8% to 63.1Mt in 2022. As a result, cement’s value on the National Construction Cost Index dropped by 6%, after having risen by 13% in 2022. The domestic cement industry recorded a capacity utilisation rate of 66% in 2023.

SNIC president Paulo Camillo Penna noted high household debt, high interest rates and poor income growth as impacting the industry’s sales. He said “The My House, My Life housing programme was not fully operational until the middle of the year. Up to September 2023, the construction industry experienced a 16% decline in the number of real-estate launches.” He continued “By 2026, we will experience a period of turnaround for the cement industry.”

Malaysia: Hume Cement Industries has accepted an offer for a parcel of land it owns in Prai Industrial Estate, Pulau Pinang. Reuters has reported the value of the deal as US$8.57m, on which Hume Cement Industries expects to make a net gain of US$6.89m.

Germany: Rohrdorfer Zement has fired up a pilot clay tempering unit at its Rohrdorf cement plant in Bavaria. The project has received Euro8.65m in funding from the German Federal Ministry for Economic Affairs and Climate Action and the EU. It is one of a number of industrial projects under the EU’s Euro800bn NextGenerationEU post-Covid-19 economic recovery instrument. Sources of heat for the pilot unit at the Rohrdorf cement plant include waste heat from the plant’s clinker line. If the pilot succeeds, the introduction of tempered clay into cement production at the site will follow. This will entail the construction of an on-site full-scale clay tempering plant. Rohrdorfer Zement says that this would reduce the plant’s CO₂ emissions by 16 – 18%, or by 30% if it achieves carbon neutral clay tempering through the use of green hydrogen.

Rohrdorfer’s dedicated Net Zero Emissions Labs team is working to turn the Rohrdorf cement plant carbon neutral by 2038. Other initiatives include the installation of carbon capture systems at the Rohrdorf plant and another in Austria, and participation in the H2-Reallabor Burghausen hydrogen partnership.

Regarding the latest pilot, Rohrdorf Net Zero Emissions Labs project leader Helmut Leibinger said “As a cement component, tempered clays make a significant contribution to CO₂ mitigation. With the pilot project of process-integrated tempered clay, we are taking not just a step in our decarbonisation roadmap, but a leap.”

Oman: Middle East Calcined Clay and Netherlands-based Kaolin Group International plan to build a limestone calcined clay cement plant in Oman. The partners have hired Spain-based turnkey plant engineer IPIAC to supply equipment including its Plug and Clay clay calcination unit. The new plant will produce limestone calcined clay cement with 40% lower CO₂ emissions than ordinary Portland cement (OPC), according to the supplier.

IPIAC previously introduced the technology in Cuba and Ivory Coast, and is currently retrofitting it to a clinker line in Angola.

India: JSW Group has initiated the process for an initial public offering (IPO) for JSW Cement. The Financial Express newspaper has reported that the group expects the IPO to raise US$723m.