Displaying items by tag: US

US: Construction service company Bridgesource led a community meeting to propose a cement plant in Glendale, Nevada. More than 150 people attended the meeting to discuss the project.

The proposed cement plant would occupy about 101 hectares and include a 122m preheater tower and a 137m smoke stack. Additionally, a 81 hectare plot of land is being considered for a limestone mining operation to supply the plant. The deposit is expected to sustain the plant for 70-80 years.

Bridgesource said that the site poses multiple advantages for the location of a cement plant, citing its proximity to transportation infrastructure, as well as access to natural gas from the Kern River pipeline and sufficient power supply from the national grid. The company stated that the proposal would create over 200 jobs.

US: California Resources Corporation and its carbon management subsidiary, Carbon TerraVault (CTV), have signed a memorandum of understanding (MoU) with National Cement Company of California to develop the ‘Lebec Net Zero’ project, which will produce carbon-neutral cement at National Cement’s Lebec facility in Kern County, California.

CTV will provide transportation and sequestration solutions for up to 1Mt/yr of CO₂ emissions captured from the Lebec plant. The captured CO₂ will be transported and stored in CTV’s underground storage reservoirs. The project will integrate carbon capture technology, use locally sourced biomass fuel from agricultural byproducts and produce limestone calcined clay cement (LC3).

Pending customary approvals, operations are expected to commence in 2031.

US: Heidelberg Materials North America has begun test well drilling at its Mitchell cement plant in Indiana as part of the CarbonSAFE carbon capture and storage (CCS) project led by the Illinois State Geological Survey (ISGS).

The drilling started on 22 January 2025 to assess the geology beneath the plant, which is located in the Illinois Basin, for CO₂ storage potential. The test will evaluate three carbon storage formations to a depth of 2210m to determine if the site can safely store 50Mt of CO₂ over 30 years.

The project began in early 2023 with seismic data collection across 87km of roadways, leading to the installation of the geologic test well.

Greg Ronczka, vice president of Carbon Transport & Storage Development said "This is an exciting step for the project as we learn which potential formations may be suitable to permanently and safely store the CO₂. This knowledge will help us design the injection and observation well network and allow us to prepare a complete and accurate US Environmental Protection Agency Class VI permit application."

North America: Switzerland-based Holcim has announced the name for its upcoming spin-off of its North American operations: Amrize. Amrize will operate as an independent public company and a leader in the North American building materials sector ‘from foundation to rooftop.’ Holcim says that the new name combines the business’ values and vision of ‘ambition’ and ‘rising.’ A spin-off on the New York Stock Exchange and SIX Swiss Exchange is scheduled for completion before 30 June 2025, pending shareholder and regulatory approvals.

Holcim Chair and designated Chair and CEO of Amrize Jan Jenisch said "This is an exciting time for construction in North America, with the ongoing modernisation of infrastructure, the reshoring of manufacturing and the opportunity to bridge the housing gap with the most advanced building solutions. With our planned spin-off of Amrize, we aim to be the partner of choice for our North American customers and unlock value for all our stakeholders.”

US: Terra CO₂ has raised US$82m in Series B funding from investors including Eagle Materials, GenZero and Just Climate. The company will build its first commercial facility in Dallas-Fort Worth, Texas, in partnership with Asher Materials.

With the help of Eagle Materials, the company will establish multiple 240,000t/yr plants across North America. The US Department of Energy has also awarded Terra CO₂ with a grant of US$52.6m for a second commercial facility. The producer has begun concrete trials of its Opus Zero cement-free product, designed to completely replace ordinary Portland cement in concrete. It will complete a second funding round in the first quarter of 2025.

“This strategic funding from the world’s leading climate funds and industry partners validates our approach to practical cement decarbonisation at commercial scale,” said Bill Yearsley, CEO of Terra. “As we break ground on our first full-scale plant in Texas, their support enables us to accelerate deployment across North America and establish an early footprint in Europe.”

US: Eco Material Technologies has secured a US$800m green term loan facility. The facility will mature in 2032. Eco Material Technologies will invest the funds in expansion to its supplementary cementitious materials (SCM) production capacities, to raise them to 20Mt/yr.

The company noted the oversubscription of the raise as demonstrative of high confidence in its proposition for the decarbonisation of cement and concrete.

US: Ed Sullivan has resigned as the Chief Economist and Senior Vice President at the Portland Cement Association (PCA) with effect from 1 March 2025.

Sullivan holds over 40 years’ experience in industrial economic analysis. He has been in post at the PCA since 2002 where he led a team of economists delivering market research. Prior positions include vice president roles at Chase Manhattan Bank Economics, Standard & Poor’s and Wharton Economics. He also spent a period working as a senior intelligence officer at the Central Intelligence Agency (CIA) and as an economist within the Office of Senator Edward Kennedy. He has taught economics at St. Joseph’s and Villanova Universities in Philadelphia, Fairfield University in Connecticut, as well as Columbia and Fordham Universities in New York City.

US: Colombia-based Cementos Argos, Summit Materials’ largest shareholder, has sold its 31% stake in the company to Quikrete Holdings. The price of US$52.50 per share represents a rise by 38% compared to when Cementos Argos acquired the shares in 2023 through the combination of its US assets with Summit Materials. The sale, valued at US$11.5bn for 100% of the company’s shares, will reportedly enable Cementos Argos to pursue new cement, ready-mix concrete and aggregates opportunities in the US market. Supply agreements, including exports from Cartagena to the US, will continue. Through the deal, Quikrete will acquire 100% of Summit Materials’ shares, and the company will become a privately held subsidiary of Quikrete.

US: Titan Cement subsidiary Titan America has closed its initial public offering (IPO) of 24 million common shares at US$16 per share. The producer sold 9 million new shares, while Titan Cement sold 15 million existing shares.

Titan America received US$137m in net proceeds, to be used for capital expenditure and investments in technology as well as pursuing acquisitions. Titan Cement received US$228m. Titan Cement retains an 87% stake in Titan America with 160 million shares.

US: Titan Group expects to generate US$365m from the initial public offering (IPO) of its subsidiary Titan America. The latter company has priced its IPO of 24 million common shares at US$16/share. The IPO is expected to close on 10 February 2025, subject to customary closing conditions.

Titan America expects to receive net proceeds of approximately US$137m from the IPO. Some of these funds will be used to support investments in technologies, the company’s growth strategy and acquisitions. Parent company Titan Cement International expects to generate US$228m. Following completion, Titan Cement will retain a 87% share of Titan America.