Displaying items by tag: Titan Cement

US: The National Mining Association has named Titan America's Pennsuco, Florida, quarry as winner of its Sentinels of Safety 2022 large quarry safety award. The quarry operated for 432,000 man hours without a single lost time incident during 2021.

Titan America's senior vice president Walter Reed said "The team at our Pennsuco Quarry demonstrates yet again that a fully embraced and entrenched safety culture will inevitably form the foundation for a long-term successful, sustainable, and extremely productive operation."

The 2022 award is the Pennsuco's second consecutive and eighth overall Sentinels of Safety win.

Greece: Titan Group says that its updated 2030 greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi) as consistent with the levels required to limit a global temperature increase to 1.5°C. With the new targets the cement producer intends to tackle direct (Scope 1) emissions, indirect emissions from the generation of purchased electricity (Scope 2), and also other indirect emissions from the supply chain (Scope 3).

The company plans to reduce Scope 1 (gross), 2 and 3 (gross) GHG emissions covering in produced and purchased cement and clinker, by 25.1% per tonne of cementitious product sold by 2030, from a 2020 base year. Within this target it intends to reduce Scope 1 GHG emissions (gross) by 22.8% per tonne of cementitious product and to reduce Scope 2 GHG emissions by 58.1% per tonne of cementitious product from a 2020 base year. It also intends to reduce absolute Scope 3 GHG emissions from the use of sold fossil fuels by 42% from a 2021 base year. A Global Cement estimate suggests that it aims to reduce its specific net Scope 1 CO₂ emissions to around 520kgCO₂/t of cementitious product in 2030 compared to 654kgCO₂/t in 2021.

Greece: Titan Group says that strong sales in the third quarter of 2022 has driven its performance so far in 2022. Its sales rose by 32% year-on-year to Euro1.66bn in the first nine months of 2022 from Euro1.26bn in the same period in 2021. Its earnings before interest, taxation, depreciation and amortisation (EBIDTA) grew by 7% to Euro235m from Euro220m. It attributed its sales growth to higher sales volumes and higher prices more than sufficiently offsetting growing energy and transport costs. Strong performance was reported in the US and construction market was described as recovering in Greece. Elsewhere, high energy costs were said to be reducing demand in Southeast Europe, market problems in Turkey continued but the group raised its prices and increased exports, saes volumes increased in Egypt and a decline was noted in Brazil.

US: Roanoke Cement, part of Titan America, has held a ground-breaking ceremony for an expansion at its Chesapeake Terminal near Norfolk in Virginia. Council members, other state and local officials and Roanoke Cement team members gathered to launch the project, to build a new US$40m storage dome. In response to increasing demand for low carbon cement, the storage dome at the terminal will provide an additional 70,000t of capacity, tripling the site’s existing storage volume. The Chesapeake Terminal will see expanded truck and rail capacity as well, and the improved terminal will enable the import and distribution of other raw materials needed to produce concrete.

"This important capital improvement is another investment in anticipation of increased construction material demand for infrastructure development and other projects," said Kevin Baird, president of Titan America's Mid-Atlantic Business Unit, which includes Roanoke Cement. "Expanded storage and marine terminal upgrades permit us to make low carbon cement available for construction needs all over the region."

The company expects the expanded facility to be completed by the end of 2023, in time for the region’s 2024 construction season.

Greece: Titan Group has set new CO₂ reduction targets by adding Scope 3 emissions. Titan Group had previously committed to a 21% Scope 1 emissions reduction and a 42% Scope 2 emissions reduction per tonne of cementitious material between 2020 and 2030. Titan Group reduced its total CO₂ emissions by 20% between 1990 and 2021, and by 5.5% year-on-year in the third quarter of 2022. Its latest targets are currently under review by the Science-Based Targets Initiative (SBTi).

Titan Group chair Marcel Cobuz said “The initiatives in our decarbonisation roadmap offer significant business growth opportunities. Our technology and sales teams across all our markets are focused on decarbonising our operations more quickly and offering our customers more and more sustainable and circular solutions.”

Greece: Titan Cement Group says that its H2CEM green hydrogen projection has received inclusion under the EU Important Project of Common European Interest (IPCEI) Hy2Use. Hy2Use consolidates funding for hydrogen electrolysis, transport and storage development projects across Europe. Titan Cement Group’s H2CEM project consists of Euro60m-worth of new green hydrogen production installations at its Drepano, Efkarpia and Kamari cement plants. The installations will produce hydrogen through electrolysis using renewable energy sources. The producer says that use of the hydrogen as cement fuel will reduce the plants’ CO2 emissions per tonne of cement by 8%, corresponding to 160,000t/yr of emissions. H2CEM is Hy2Use’s only cement plant project.

Titan Cement Group aims to achieve carbon neutrality by 2050.

Greece: Titan Cement has launched CemAI, a subsidiary company that will supply predictive maintenance products based on artificial intelligence for the cement industry. It will use a mixture of a proprietary licensed software and a continuous monitoring and incident resolution service for entire cement manufacturing lines across the world.

Titan Cement has already used the service that CemAI supplies at several of its own plants around the world. It is intended to help cement companies maximise the operational efficiency and reliability of their plants while making their processes more efficient and cost effective. It uses machine learning technology that processes the operating data of entire cement plants in real time. This generates alerts that are analysed by a team of experts in cement operations, working in close collaboration with plant’s operational teams, to resolve issues before they affect operations. CemAI works through remote monitoring centres that collect and analyse the data stream from plant sensors continuously

Greece: Titan Cement Group has successfully started a pilot CO₂ capture demonstration project at its Kamari plant. As part of the RECODE2020 project it said it had reached a CO₂ purity above 99% during initial operation by using ionic liquids as the CO₂ adsorbents. The captured CO₂ is then intended to be utilised by converting it to nanocalcite and additives that can reused in cement production in different ways. The cement producer is also running the CARMOF project at the plant.

Greece: Titan Cement’s consolidated sales rose by 26% year-on-year to Euro1.04bn in the first half of 2022 from Euro821m in the first half of 2021. The group’s US sales rose by 23% to Euro595m from Euro482m. Its Southeastern Europe sales grew by 28% to Euro169m, while its Greece and Western Europe sales grew by 21% to Euro158m and its Eastern Mediterranean sales grew by 49% to Euro113m. The producer also holds a stake in Brazil-based Cimento Apodi, which recorded sales growth of 38% to Euro50.5m. Titan Cement’s earnings before interest, taxation, depreciation and amortisation (EBITDA) amounted to Euro139m, down by 2.5% from Euro143m. The producer expects cost pressures to persist throughout 2022. It says that its focus is on safeguarding its production, protecting its margins, improving its efficiencies and continuing with its carbon mitigation strategies.

Titan Cement’s CO₂ emissions per tonne of cementitious product fell by 5.6% year-on-year, driven by a reduction in the clinker factor.

US: Titan Cement Group has invested in renewably powered Heat Battery developer Rondo Energy, in the California-based company’s Series A funding round. The Heat Battery is a 98% efficient electrical heater with high scalability, according to the supplier. Its modular battery provides grid load flexibility, with the possibility of continuous operation. Titan Cement Group says that it will now work in a technological partnership with Rondo Energy to develop new concepts for cement decarbonisation using Rondo Energy’s ‘unique innovation.’