Displaying items by tag: Solar power
UltraTech Cement to acquire 26% stake in VEH Radiant Energy
03 August 2023India: UltraTech Cement has concluded an agreement to buy a 26% stake in renewable power provider VEH Radiant Energy. UltraTech Cement says that VEH Radiant Energy will help it to increase its reliance on renewable power in its operations.
Spain: Cementos Molins’ sales totaled Euro705m in the first half of 2023, up by 16% year-on-year from first-half 2022 levels. The producer said that increased cement volumes and prices across all regions contributed to the growth. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 36% to Euro179m, while its net profit rose by 40% to Euro80m. The company noted the favourable impact of the comparison with the first half of 2023, which was marked by market slowdown, high inflation and supply chain disruptions.
Chief executive officer Julio Rodríguez said "We have continued on the path of sustainable and profitable growth throughout the first half of 2023. It has been a truly positive second quarter in terms of our economic results, but also very encouraging thanks to the progress we are making in terms of sustainability. We have achieved important milestones in our Sustainability Roadmap 2030, including the launch of new low-carbon footprint cements and concretes. Furthermore, we inaugurated a new solar park in San Luis, Argentina."
Peru: Grupo Gloria subsidiary Cemento Yura plans to transition its Yura cement plant from using coal to alternative fuels (AF) in its cement production. Additionally, the producer will build a 30MW solar power plant at the site. The Gestión newspaper has reported the total value of the upgrades as US$50m. Both projects are scheduled for commissioning in mid-2025.
In the 2023 financial year, which ended on 30 June 2023, Peruvian cement despatches fell by 8% to 12.6Mt.
India: CK Birla Group subsidiary Orient Cement has concluded a share subscription and shareholders' agreement with Cleantech India to acquire a 29% stake in Ardeur Renewables for US$1.16m. Ardeur Renewables is building a 16MW solar power plant at Orient Cement’s Chittapur cement plant in Karnataka and a 5.5 MW solar power plant at Orient Cement’s Jalgaon cement plant in Maharashtra. The cement producer says that the acquisition will help it to further increase its renewables usage and optimise its energy costs.
Argentina: Cementos Avellaneda has inaugurated its 22MW La Calera solar power plant in San Luis Province. Forbes has reported that the power plant will supply electricity to the producer's 1.1Mt/yr San Luis cement plant. As a result, operations at the plant will henceforth be 55% renewably powered. In total, the new solar power plant will eliminate 22,600t/yr-worth of CO2 emissions. Engineering company Industrias Juan F Secco supported the installation of the US$25m plant, which took 16 months to build.
Cementos Avellaneda's general director José Luis Maestri said "It was key to the success of this project to have been able to find a strategic partner such as Industrias Juan F Secco, an Argentine company with more than 80 years of history and experience in the energy sector, which provided us with all its professionalism and commitment."
Spain: Cementos El Molino plans to invest Euro3.7m in an upgrade to energy infrastructure at its 450,000t Santa Eulalia grinding plant in Aragon. Alimarket Construction News has reported that the upgrade consists of a 12MW substation and a 2.4MW solar power plant. Euro2m-worth (54%) of investments will go towards construction of the subsystem and Euro1.7m (46%) towards the solar power plant. Cementos El Molino expects to carry out the investments before the end of 2023.
Pakistan: Dandot Cement says that its on-going upgrade to its Lahore cement plant reached 60% completion during the fourth quarter of the 2023 financial year, which ended on 30 June 2023. The project remains scheduled for completion in July 2023. Pakistan Company News has reported that the producer has taken delivery of new equipment, completed civil construction work, handed over the site to its engineering contractor, completed 75% of mechanical erection and conducted some tests. The producer awarded a new contract for installation of remaining portions of its control systems to an Uzbekistan-based contractor. Complete sections of the project include the plant's captive solar power plant.
Dandot Cement has made total investments worth US$12.3m in the project.
China Energy to accelerate Samarkand cement plant construction for commissioning in 2024
19 June 2023Uzbekistan: China Energy and the government of Uzbekistan have set a resolution to inaugurate the upcoming 3Mt/yr Samarkand cement plant before the end of 2024. Within the same timeframe, China Energy will launch 400MW-worth of new solar power plants in Bukhara and Kashkadarya. The China-based utilities company will subsequently expand its solar power capacity in Uzbekistan to 1000GW.
Uzbekistan Daily News has reported that China Energy and the government committed to cooperating further on the development of a programme for the implementation of joint projects, including more new 'production plants' and renewable energy infrastructure.
Holcim US partners with NorthStar Clean Energy for solar power installation at Alpena cement plant
16 June 2023US: Holcim US has announced plans for a 25MW solar power plant to serve 75% of the electricity needs of its Alpena cement plant in Michigan. The company says that the installation at the Alpena plant will be the largest in the US Midwest Region. Holcim US chose NorthStar Clean Energy to build the array, which it says will eliminate 25,000t/yr of CO2 emissions.
Other planned projects at the Alpena cement plant include an upgrade to the plant's dock in order to accommodate larger vessels and reduce the number of trips in its Great Lakes transport operations.
Holcim US' senior vice president, manufacturing, Michael Nixon said “As Holcim is showing in Alpena, the path to net-zero carbon emissions requires a blend of proactive solutions. Whether it’s using alternative fuels or implementing renewable energy from solar power, we are committed to reducing our reliance on fossil fuels — a goal that will benefit the environment as a whole and the Alpena community we have called home for more than 115 years.”
Cemento Polpaico to invest US$67m in growth
15 June 2023Chile: Cemento Polpaico plans to invest US$67m in expanding its operations, with a focus on its Cerro Blanco cement plant in Santiago. Work will include the construction of a solar power plant and the expansion of the plant's limestone quarry. Meanwhile, Cemento Polpaico will upgrade the plant's kiln to increase its alternative fuel (AF) substitution rate to 75% from 13%. The upgrade will increase the production line's clinker capacity by 13% and reduce its CO2 emissions by 20,000t/yr. Additionally, the producer will build a new 3000t cement silo.