Displaying items by tag: Norway

Finland: Machinery manufacturer Metso Corporation has announced plans to consolidate its European warehouse operations, currently spread over Norway, Sweden, the UK, France, Spain, the Czech Republic, Turkey and Russia, into a single location. Metso Corporation customer logistics senior vice president Jarkko Aro said the move ‘would also enable considerable savings in end-to-end freight costs and reduced CO2 emissions.’ 40 employees are potentially affected. Metso Corporation has not disclosed any locations under consideration for the facility.

Norway: HeidelbergCement has joined a list of leaders from various industries in endorsing Norway’s state-owned energy group Equinor’s carbon dioxide (CO2) capture and storage (CCS) plans. Bernd Scheifele, chairman of the managing board of HeidelbergCement, was among representatives of seven companies who signed memoranda of understanding with Equinor.

HeidelbergCement’s Norwegian subsidiary Norcem has been involved in CCS research at its 1.2Mt/yr integrated cement plant in Brevik since 2011. In early 2018, the government shortlisted the plant for its multiple-industry ‘Northern Lights’ CCS project. Beginning in 2023, Equinor will remove 0.4Mt/yr of CO2, half of the plant’s total CO2 output, from Brevik for storage in empty oil and gas fields beneath the North Sea.

In a statement, HeidelbergCement expressed its intention towork together with Equinor to optimise CO2 transportation and develop Europe-wide disposal solutions

Latvia: Cemex Latvia will be renamed as Schwenk Latvija following its acquisition by Germany’s Schwenk in February 2019. In Sweden Cemex’s operations will be renamed to Schwenk Sverige, in Norway to Schwenk Norge and in Finland to Schwenk Suomi, according to the Latvian News Agency.

The Euro340m deal included one 1.7Mt/yr integrated cement plant in Broceni, Latvia, as well as four aggregates quarries, two cement quarries, six ready-mix concrete plants, one marine terminal and one land distribution terminal in that country. The assets divested also include Cemex’s approximate 38% indirect interest in a 1.8Mt/yr cement plant in Akmene in Lithuania. In addition, the exports business to Estonia is also included as part of the divestment.

Europe: Cemex has signed a deal to sell its assets in the Baltic and Nordic countries to Germany’s Schwenk for Euro340m. The transaction is expected to complete within the first quarter of 2019, subject to regulatory approval.

The Baltic assets being divested consist of one 1.7Mt/yr integrated cement plant in Broceni, Latvia, as well as four aggregates quarries, two cement quarries, six ready-mix concrete plants, one marine terminal and one land distribution terminal in that country. The assets divested also include Cemex’s approximate 38% indirect interest in a 1.8Mt/yr cement plant in Akmene in Lithuania. In addition, the exports business to Estonia is also included as part of the divestment.

The Nordic assets being divested consist of three import terminals in Finland, four import terminals in Norway and four import terminals in Sweden.

Italy: Cementir Holding’s sales revenue fell by 4.2% in 2018 on a like-for-like basis due to poor performance in Egypt and Norway. Military operations in the Sinai impacted production in Egypt between February and May 2018 and bad weather in Norway affected the first quarter. However, it noted good results in Malaysia, Belgium and China.

On an adjusted basis its revenue rose by 4.9% to Euro1.2bn from Euro1.14bn. Earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 7.1% to Euro239m from Euro223m. Grey and white cement sales volumes fell by 4.4% to 9.8Mt from 10.3Mt. Ready-mixed concrete volumes fell slightly to 4.9Mm³.

Norway: The government has proposed continuing funding for Norcem’s CO₂ capture and storage project at its Brevik cement plant. The announcement follows an assessment by the Ministry of Petroleum and Energy of local carbon capture, transport and storage (CCS) projects. The government has proposed to fund FEED studies (Front End Engineering and Design studies) with around Euro8m in 2018. The total funding for the demonstration project in 2018 amounts to Euro29m, including funds transferred from 2017. The proposed funds for 2018 will cover FEED studies of CO₂ transport, storage and up to two capture facilities.

“Of the three CO₂ capture projects evaluated, Norcem has the best conditions for a successful implementation. Norcem has demonstrated project execution abilities and relatively low cost per tonne CO₂ captured compared to the other two capture projects. The cement industry is also a significant contributor to global greenhouse gas emissions,” said the government in a statement Norcem, HeidelbergCement local subsidiary, which sbeat other projects by Yara and Fortum Oslo Varme to the funding.