Displaying items by tag: Memorandum of Understanding
Thailand: Biochar Life and Siam Cement Group (SCG) have signed a Memorandum of Understanding to jointly develop biochar-infused cement and sustainable building materials. This collaboration aims to utilise biochar in the construction industry and reduce carbon emissions.
The partnership will begin with a pilot project at Chiang Mai University, focusing on constructing biochar-infused cement roads. Biochar Life will evaluate the scalability of biochar production to meet SCG's material requirements. Both companies will engage in research and development to optimise the production and application of biochar in construction, considering environmental benefits and carbon removal credit opportunities.
SCG also plans to extend Biochar Life’s smallholder farmer program, incorporating mobile industrial units and other technologies. This joint effort is directed towards incorporating carbon-negative biochar into building materials. This will lower construction-related carbon emissions, aid in atmospheric carbon sequestration, and improve the durability and performance of these materials.
India: Shree Cement has begun construction of two new 3.5Mt/yr cement plants at Etah and Prayagraj in Uttar Pradesh. The Hindustan Times newspaper has reported that the projects represent the company’s delivery on a memorandum of understanding (MoU) with the Uttar Pradesh government, that it signed in February 2023. The producer aims to reach 9Mt/yr in installed capacity in Uttar Pradesh by February 2026, with estimated investments of US$241m. It currently operates a 2Mt/yr integrated cement plant at Bulandshahr.
The company said "The company’s 3.5Mt/yr plant in Etah is expected to be operational in the next 12 months, while another 3.5Mt/yr plant will be set up in Prayagraj, targeting production commencement in 24 months."
Taiwan Cement Corporation to roll out carbon capture projects with ThyssenKrupp Polysius
05 February 2024Taiwan: Taiwan Cement Corporation has signed a memorandum of understanding (MoU) with ThyssenKrupp Polysius. Under the MoU, the partners will implement carbon capture projects aimed at capturing 100,000t/yr (10%) of Taiwan Cement Corporation’s CO2 emissions by 2030. This will involve the development of a new generation of pure oxygen carbon capture technology in Line 1 of Taiwan Cement Corporation’s Hualien Heping cement plant. This technology aims to increase the concentration of captured CO2 to over 90% and reduce the energy consumption of carbon capture. The Hualien Heping plant project will conclude in 2026, with the commercialisation of the technology to follow before 2030. Taiwan Cement Corporation plans to supply its own captured CO2 to various other industries, including industrial welding, chemicals and food processing.
Taiwan Cement Corporation chair Zhang Anping said "Cement has created the civilised society we live in today, and Taiwan Cement Corporation will continue to participate in energy transformation and support the development of future civilisation. This cooperation with Polysius, a golden brand in the cement industry, is to solve the problem of greenhouse gas emissions, creating the future not only for the cement industry but for the whole world."
Aker Carbon Capture and MAN Energy Solutions partner for North American CCUS deployment
23 January 2024North America: Aker Carbon Capture and MAN Energy Solutions have signed a Memorandum of Understanding (MoU) to explore carbon capture, utilisation and storage (CCUS) and CO2 compression opportunities in North America. The collaboration will combine Aker Carbon Capture's amine capture technology with MAN Energy Solutions’ compressor technology to provide standardised and modularised solutions, with optimised energy consumption and delivery time. Both parties are currently participating in the Brevik capture and storage project with Heidelberg Materials Northern Europe in Norway. Rystad Energy has forecast potential capture capacity across North American industries of 200Mt/yr by 2030.
Aker Carbon Capture head of North America Jonah Margulis said "This agreement will strengthen our position to remove and reduce carbon emissions from industries and energy solutions, which is supported by strong incentives from the US government."
MAN Energy Solutions head of sales and project management, carbon capture and storage, Marco Ernst said "We are delighted to work with Aker Carbon Capture, which appreciates our comprehensive expertise in compressor solutions in general and in the area of CO2 compression in particular. We feel encouraged by the high level of interest in our technical solution concepts that we are on the right path towards sustainable decarbonisation of the industries that have previously had particularly high emissions."
Nepal Cement Manufacturers Association signs memorandum of understanding for limestone calcined clay cement technology
23 January 2024Nepal: The Cement Manufacturers Association (CMA) has signed a memorandum of understanding (MoU) with the Department of Mines and Geology and non-governmental organisation Technology and Action for Rural Advancement (TARA) for the adoption of limestone calcined clay (LC3) cement in Nepal. The parties say that LC3 cement can reduce CO2 emissions by 40% and reduce coal consumption in cement production. Enewspolar News has reported that the Swiss Development Cooperation has previously supported the diffusion of the technology in the global cement sector.
Ambuja Cements to build US$168m cement facility in Telangana
17 January 2024India: Ambuja Cements has signed a memorandum of understanding (MoU) with the government of Telangana for the construction of a new cement facility in the state. The News Minute has reported that the producer plans to invest US$168m in the project. The MoU is part of an agreement between parent company Adani Group and the state of Telangana covering investments worth US$1.49bn. Other projects include an MoU with Adani Group’s renewables subsidiary Adani Green Energy for the construction of a total of 1350MW of energy storage capacity.
Ambuja Cements signs memoranda of understanding for three new grinding plants in Tamil Nadu
09 January 2024India: Ambuja Cements has signed new memoranda of understanding (MoU) with the government of Tamil Nadu for the construction of three grinding plants in the state. Business Today Online News has reported that the plants are part of US$5.14bn in planned capital expenditure (CAPEX) investments in Tamil Nadu by parent company Adani Group.
Karan Adani, CEO of the group’s shipping subsidiary Adani Ports, said "Today's Tamil Nadu is a standout example of stability, a well-established industrial ecosystem, advanced infrastructure, total connectivity, safe and secure neighbourhoods, business-friendly policies with an able and efficient team of officers and a diverse and highly-skilled workforce with more women in the ranks than anywhere else in the country."
Sumitomo Osaka Cement signs agreement on Setouchi - Shikoku CO2 Hub
29 December 2023Japan: Sumitomo Osaka Cement, Sumitomo Corporation, JFE Steel, Kawasaki Kisen Kaisha and Woodside Energy have signed a memorandum of understanding (MOU) to jointly conduct a business feasibility study looking at setting up a CO2 hub in the Setouchi and Shikoku regions. It will examine how CO2 can be collected from different industries, transported to a hub port and then shipped to Australia for sequestration. A signing of the MOU was held at the ASEAN-Japan Economic Co-Creation Forum in the presence of Minister of Economy, Trade and Industry Ken Saito.
Sumitomo Osaka Cement operates two integrated plants in the Setouchi and Shikoku regions at Ako and Kochi respectively.
UltraTech Cement to invest US$120m in Bihar
14 December 2023India: UltraTech Cement has signed a memorandum of understanding (MoU) with the government of Bihar for the investment of US$120m in the state.
Press Trust of India News has reported that the Bihar government has asked the government of India to grant the state special status in order to advance its industrial development.
Türkiye: Taiwan-based Taiwan Cement Corporation (TCC) has signed a preliminary memorandum of understanding (MoU) with OYAK Çimento. Under the MOU, the parties will enter into negotiations over the transfer of a further 20% stake in OYAK Denizli Çimento to TCC. This will raise TCC’s stake in the company to 60%. Reuters has reported the total enterprise value of OYAK Denizli Çimento as US$1.42bn.