Displaying items by tag: net zero

France: Vicat has reiterated its CO₂ emissions reduction target of 55% between 1990 and 2030 and reaffirmed its 2050 carbon neutrality commitment. The company says that its will invest Euro800m in transitioning to lower-CO₂ cement production between 2021 and 2030 in order to meet the 2030 target. It said that eight US and European cement plants with ‘limited decarbonisation standards’ currently generate 67% of its earnings before interest, taxation depreciation and amortisation (EBITDA).

World: The governments of Canada, Germany, India, the UAE and the UK have signed a commitment to support the development of markets for low-carbon cement and concrete in their countries. The governments will create market incentives for purchasers, review and update product standards to allow low-carbon materials to be used in all safe settings and promote their use through their public sector tendering rules.

World Cement Association (WCA) chief executive officer Ian Riley said “I’m delighted to see that governments are heeding our call for urgent action to accelerate decarbonisation of the cement industry around the world, and we look forward to hearing more details from the UK, India, Germany, Canada and UAE on the steps they will take.” He added “This commitment marks a hugely significant shift in mindset that we hope will be followed by other countries in the months ahead. When it comes to hard-to-abate industries like cement, it is vital to work together with governments to create the conditions in which we can get to net zero and beyond, as quickly as possible. We cannot do this alone in time.”

India: UltraTech Cement has committed to the Global Cement and Concrete Association’s 2050 roadmap for net zero concrete. It says that in realising the commitment, it hope to contribute to building the sustainable world of tomorrow. The Roadmap also includes a sectoral commitment to cut CO₂ emissions by a further 25% by 2030.

Mexico: Cemex’s consolidated sales in the first nine months of 2021 were US$11bn, up by 5% year-on-year from US$9.4bn in the corresponding period of 2020. Its cement sales rose by 10% to 51.1Mt from 46.2Mt, while its ready-mix concrete volumes increased by 7% to 36.8Mm3 from 34Mm3. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled US$2.24bn, up by 24% from US$1.81bn. Its gross profit was US$3.63bn, up by 18% from US$3.07bn. During the period, the group reduced its debt by 33% to US$8.98bn from US$13.3bn.

Cement volumes grew in all regions in every quarter of the year except the third, when they fell by 3% in Mexico and remained level year-on-year in Europe, the Middle East, Africa and Asia. The quarter brought an end to five consecutive quarters of double-digit year-on-year growth in bagged cement sales in Mexico. Mexican bulk cement sales meanwhile ‘accelerated in line with the formal sector recovery.’ The sharpest nine-month cement volumes growth was in South, Central America and the Caribbean, where sales rose by 19% year-on-year, followed by Mexico, with a rise of 12%.

CEO Fernando González said “We are pleased to report strong top-line growth, reflecting continued growth in demand for our products, coupled with an acceleration in pricing momentum. We are confident that our pricing strategy will more than compensate for the sudden runup in input cost inflation we have experienced.” He added “We remain optimistic regarding outlook, as most of our markets are operating at high capacity utilisation and sustainable midcycle levels that will be supported by monetary and fiscal stimulus, while others are just beginning an upcycle. Regarding our Future in Action initiative, we continue to advance on our climate action goals. During the quarter, we received validation from SBTi of our 2030 decarbonisation roadmap and joined the Race to Zero initiative. Our climate action agenda is a fundamental element of our medium-term strategy not only because it creates value for stakeholders, but because it is the right thing to do for future generations.”

Germany: Cemex Zement’s Rüdersdorf, Brandenburg, cement plant is to host a new 100t/day carbon capture installation. Cemex Zement will collaborate with UK-based Carbon Clean on a front-end engineering and design (FEED) study for the project. The system will combine captured CO₂ with sustainably sourced hydrogen in order to produce green synthetic hydrocarbons. The partners aim to increase the system’s CO₂ capture capacity to 300t/day by 2026, before finally scaling it up to 2000t/day.

Europe, Middle East, Africa and Asia regional president Sergio Menendez said “This project with Carbon Clean is the latest development in Cemex’s plan to achieve carbon neutrality at the Rüdersdorf cement plant by 2030, through our pioneering carbon neutral alliance with expert industrial consortiums. Carbon capture will play a fundamental role in the efforts to succeed at this goal and ensure our operations are more sustainable.”

Switzerland: The Science-Based Targets Initiative (SBTi) has validated Holcim’s 2050 net zero CO2 emissions pathway. The pathway consists of targets covering Holcim’s entire value chain, across Scopes 1 – 3.

CEO Jan Jenisch said “The building sector has an essential role to play to accelerate our world’s transition to net zero. I am proud to be joining the SBTi today to announce Holcim’s net zero pathway to 2050. By setting the first Net-Zero Standard for our industry, we are walking the talk on our commitment to take science-driven action to win the Race to net Zero.”

Colombia: Cementos Argos has announced its new commitment to reduce the CO₂ emissionsfrom its cement operations by 29% over a period ending in 2030. The company has additionally committed to producing all of its concrete CO₂-neutrally by 2050. It said that its strategy will comprise several carbon mitigation techniques, including maximised alternative fuel (AF) substitution, clinker factor reduction, energy optimisation, clean technology upgrades and a diversification of its range of its cement range to include more sustainable products.

Chief executive officer Juan Calle said "We are determined to face this important challenge and we are convinced that we can build the future we have planned and achieve a more prosperous, inclusive and low-carbon world if we work together with determination to accelerate this transition." He added "We will continue to strive to implement tangible actions, achieve measurable progress each year and deliver information about out opportunities and progress transparently."

Finland: Wärtsilä’s sales fell by 6% year-on-year to Euro3.18bn in the first nine months of 2021 from Euro3.39bn in the corresponding period of 2020. It increased its order intake by 11% to Euro3.58bn from Euro3.24bn. The company’s cash flow from operating activities fell by 12% to Euro360m from Euro407m. It expects that demand for its offering will increase ‘considerably’ year-on-year in the fourth quarter of 2021.

The supplier announced that it will aim to achieve carbon neutral operations and to provide a product portfolio which will be ready for zero carbon fuels by 2030. It published a report entitled Front Loading Net Zero on how production economies can make savings while managing the renewable energy transition. The report concludes that full decarbonisation before 2050 will be financially viable if properly supported by governments and energy companies.

President and CEO Håkan Agnevall said “These new targets demonstrate our commitment to a sustainable future. Our aim is to support our customers on their decarbonisation. Our products, solutions, and services will meet the stringent environmental requirements, and the fuel flexibility and fuel efficiency of the engines powering these sectors are key to enabling the transformation.” Agnevall added “Naturally, we also need to do our part as an organisation and minimise our own environmental footprint.”

China: The government plans to implement a benchmark level of energy efficiency for cement plants by 2025 in order to realise its national goal of no CO₂ emissions growth by 2030 and carbon neutrality by 2060. Local press has reported that the government has yet to set a specific benchmark for the cement industry. The corresponding figure for aluminium production will be 13,000kWh/t.

Greece: Titan Cement has signed the Science-Based Targets Initiative (SBTi)’s Business Ambition for 1.5°C pledge. In so doing, it joins the UN’s Race to Zero campaign for collaboration towards a global zero-CO₂ future. The Group’s decarbonisation plans consist of an increased reliance on alternative fuel (AF), accelerated energy efficiency improvement efforts and a shift to low-carbon products and processes.

Titan Cement said “Through the participation in European and international consortia, as well as through collaborations in research and development projects, Titan will continue to develop low-carbon cementitious products and pilot carbon capture technologies in its plants, actively contributing to the industry’s ambition for a carbon-neutral future.”