Displaying items by tag: Waste Heat Recovery
Lucky Cement reports US$60m net profit for second half of 2015
23 February 2016Pakistan: Lucky Cement has reported a 11.7% year-on-year rise in its net profit to US$60m in the half-year that finished on 31 December 2015. Its net sales revenue rose by 2% year-on-year to US$209m from US$204m. It attributed the rise to an increase in sales volumes.
Local sales volumes for the company for the period increased by 19.7% to 2.42Mt from 2.02Mt. However, export sales volumes fell by 27% to 0.9Mt from 1.23Mt.
Lucky Cement has also decided to set up another 10MW waste heat recovery (WHR) plant at its Pezu Plant, which is expected to be completed by December 2016. The company additionally reported on progress at other projects, including an integrated cement plant in the Democratic Republic of Congo, a 660MW coal-based power project, a 50MW wind farm and an electricity supply to Pesco and a WHR unit at the Pezu power plant.
Bestway Cement profit rises by 47% to US$54.4m in first half
19 February 2016Pakistan: Bestway Cement has reported that its profit after tax has risen by 47% year-on-year to US$54.4m from July to December 2015 from US$372m in the same period in 2014. Its revenue rose by 45.5% to US$201m from US$138m. It attributed the growth to the acquisition of Pakcem, an increase in domestic demand and stable prices during the period.
Domestic sales volumes for the company increased by 47% to 3.1Mt from 2.1Mt. It reported that overall dispatches by the Pakistan cement industry increased by 6.3% to 18.2Mt from 17.1Mt. Overall exports dropped by 26% to 3Mt from 4.1Mt. Bestway reported that it maintained its market share in the north of Pakistan and retained its position as the largest exporter of cement to Afghanistan and India, despite fierce competition.
Work on Bestway Cement’s 12MW waste heat recovery plant at Pakcem Kallar Kahar progressed during the period. The upgrade project is expected to cost US$15m.
India: HeidelbergCement India has successfully commissioned a waste heat recovery unit at its Narsingarh cement plant in Damoh, Madhya Pradesh. The new power plant will use waste heat generated by the clinker lines at the plant. It will be able to generate up to 12MW of power from this source.
Pakistan: Bestway Cement has inaugurated two eco-friendly, 6MW and 7.5MW waste heat recovery (WHR) plants, with a combined cost of US$16.7m, at its cement plants in Hattar and Farooqia iniHaripur, according to The News International.
"The investment of nearly US$16.7m to set up these WHR power plants in challenging economic times is a testament of Bestway's unwavering commitment towards propelling economic development of Pakistan," said Anwar Pervez, group chairman. "It follows the company's successful acquisition of Lafarge Pakistan, now known as Pakcem Limited, for an enterprise value of US$329m in July 2014." He announced plans for another US$30m of investments in the company, including a 9.8MW WHR power plant at its Kallar Kahar operations later in 2015. The company installed its first 15MW WHR power plant at Chakwal in 2011.
India: According to India Investment News, Gujarat chief minister Anandiben Patel has inaugurated a new grinding plant at Sanghi Industries' plant in Abdasa, Kutch.
The new grinding plant will have a production capacity of 1.2Mt/yr that will enable the company to boost its cement production capacity to 4.1Mt/yr from 2.9Mt/yr. The plant will cost around US$19.7m. The chief minister also laid the foundation stone for a 15MW waste heat recovery (WHR) system that will recycle waste heat of the cement plant into power. Sanghi Industries will inject US$23.6m to develop the WHR project, which it intends to commission in the next two years.
Pioneer signs waste heat recovery deal with CITIC
03 July 2015Pakistan: Pioneer Cement has signed an agreement with CITIC Heavy Industries, China to purchase a 12MW Waste Heat Recovery (WHR) system. The company's plant is located at Chenki, District Khusshab, in the heart of Punjab Province, 250km from Lahore. According to the company notice sent to the Karachi Stock Exchange (KSE), the total estimated cost of the plant is US$14.7m.
Philippines: Cemex has announced that it is undertaking a new US$300m investment in the Philippines. The new investment will include the construction of a new 1.5Mt/yr integrated cement production line at its Solid Plant in Luzon. This will double the capacity of the Solid plant and will represent a 25% increase in its cement capacity in the Philippines.
"We see a positive outlook in the business environment and we are committed to be a reliable cement supplier given the growing need for high quality building materials required for public infrastructure, commercial projects and housing," said Fernando A Gonzalez CEO of Cemex.
Earlier this month, Cemex Philippines officially inaugurated the completed capacity expansion in its APO plant in Cebu, as well as a network of logistics centres in Visayas and Mindanao. The US$80m investment increased Cemex's cement production capacity in its APO plant by 40% and helped improve distribution capabilities with additional terminals in Iloilo and Davao.
"We are preparing our facilities for the increasing demand in the Philippines, reiterating our commitment to supporting the development of the country," said Joaquin Estrada, president of Cemex Asia. "We endeavour to be a partner of the Philippine government and the business community in ensuring growth and progress."
In addition, Cemex Philippines has set up a US$18.6m waste heat recovery (WHR) unit that will capture the excess heat in one of its cement production facilities to produce usable electricity. Cemex Philippines already uses alternative fuels like rice husks and refuse-derived fuel (RDF) as part of its fuel mix to minimise energy costs.
Saudi Arabia: Yanbu Cement Company (YCC) has signed a contract to set up a 34MW waste heat recovery (WHR) system at its 8.5Mt/yr capacity cement plant near Yanbu with China's Sinoma Energy Conservation Ltd for US$61.8m.
The WHR system will be on stream by the end of 2016 and will be one of the largest of its kind at a cement plant in the world. It will be the largest in Saudi Arabia. Once operational, this WHR system will result in substantial savings in terms of fuel dependence for power generation from the diesel power station. Carbon emissions at the plant will be reduced by more than 100,000t/yr. About 25% of YCC's energy requirement will be met from the WHR system.
Rain Cement to develop 7MW waste heat recovery system
03 March 2015India: The board of directors of Rain Commodities Ltd has given the go ahead to a proposal to develop a 7MW waste heat recovery (WHR) system at Rain Cement's plant in Boincheruvupalli Village, Kurnool District, Andhra Pradesh.
The power plant will produce up to 7MW of gross electrical energy from the waste heat and flue gases produced during the cement manufacturing process at a project cost of US$11.3m. The project that will be funded by internal accruals and bank loans and is expected to be completed in about 14 months.
Vietnam: The World Bank is expected to provide US$200m in loans for Vietnamese cement plants to invest in waste heat recovery (WHR) systems according to the Vietnam National Cement Association (VNCA). The VNCA said the financing pledge is part of the bank's programme to finance efficient energy consumption for the local cement industry.
At present only Holcim and Ha Tien 2 in southern Vietnam, and Chinfon and Cong Thanh in northern Vietnam have invested in WHR systems. In April 2014 the VNCA admitted that there had been a delay to build WHR systems in all cement plants with a clinker production capacity of 2500t/day by 2015.