Displaying items by tag: target

US: Argos USA has obtained a US$750m loan for the financing of its working capital and capital expenditure and refinancing of its debt. The loan is linked to environmental, social and governance (ESG) metrics. Bank of Nova Scotia, BNP Paribas, JP Morgan Chase Bank, SMBC and Bank of New York Mellon lent the funds, assisted by Cuatrecasas.

Parent company Cementos Argos said "With this credit agreement, around 44% of Cementos Argos' consolidated debt will be linked to ESG indicators, bringing it closer to the 50% target for 2022 previously announced to the market, and thus reaffirming the company's commitment to meeting ambitious goals in terms of sustainable growth."

Bulgaria/Poland: The EU Innovation Fund has awarded funding to Devnya Cement’s ANRAV carbon capture, utilisation and storage (CCUS) project in Bulgaria and Lafarge Polska’s Go4ECOPlanet CCUS project in Poland.

ANRAV is a full-chain CCUS project connecting Devnya Cement’s Devnya cement plant in Varna Province over 30km to the Black Sea for storage. Go4ECOPlanet applies a similar model to the capture and storage of CO₂ from Lafarge Polska’s Kujawy cement plant offshore in the North Sea. The Kujawy cement plant is situated 200km inland in Kuyavian-Pomeranian Voivodeship. The plan is part of Lafarge Polska’s strategy to realise carbon neutrality at the Kujawy cement plant by 2027.

Regarding the ANRAV project, Mihail Polendakov, Bulgaria, Greece and Albania managing director at Devnya Cement’s parent company HeidelbergCement said “Our vision in the ANRAV consortium is to realise an economically viable CCUS cluster for Bulgaria and the neighbouring regions.” He continued “Subject to regulatory and permissions aspects, it could start operation as early as 2028, with a capture capacity of 800,000t/yr of CO₂.

Australia: Hallett Group plans to establish a slag cement grinding plant in Port Augusta, South Australia. Magnet News has reported the cost of the project as US$83.9m, towards which the producer has received US$13.4m in government funding. The plant will produce cement using South Australian ground granulated blast furnace slag (GGBFS) from Nyrstar’s Port Pirie and Liberty Primary Steel’s Whyalla steel refineries and fly ash from the site of the former Port Augusta power plant. Its operations will be 100% renewably powered. An accompanying new distribution facility at Port Adelaide will ship the cement to markets. The project will create 50 new jobs.

When the Port Augusta grinding plant becomes operational in 2023, its products will reduce regional CO₂ emissions by 300,000t/yr, subsequently rising to 1Mt/yr, according to the company’s expansion plans.

Hallett Group chief executive officer Kane Salisbury said "We're talking about 1% of the entire country's 2030 [CO₂ reduction] commitment, delivered through this project." Salisbury added "We're looking at turning South Australia into a global leader in manufacturing green cement."

UK: Aggregate Industries and Coomtech have partnered to develop low-energy kinetic drying technology for pulverised fuel ash (PFA) from power plant. The partnership will see Aggregate Industries use Coomtech’s kinetic dryers in its PFA processing, as part of its effort towards increasing the volume of waste materials incorporated in its products to 3Mt/yr from 1.5Mt/yr by 2025. The project has attracted funding from the UK government Department of Business, Energy and Industrial Strategy (BEIS).

Chief commercial officer Chris Every said “We’re delighted to have the support of Aggregate Industries in this grant project. Coomtech is especially pleased to have the business’ ongoing technical and commercial input to the project operation and analysis of performance. In addition, the opportunity to work together with a brand that is leading the way in creating new materials that will prove fundamental to the future of the construction sector and meet net zero objectives.” Every continued “The added benefit of our new drying technology is its flexibility - providing the potential to dry a wide range of materials being considered to aid the greening of the cement industry, including limestone, ground blast furnace slag (GBFS), natural pozzolans and other crushed and milled minerals that can offer an activated character to combine in cement and concrete mixes.”

Belgium: Switzerland-based Holcim has agreed to acquire façade and external insulation systems producer Cantillana. Cantillana employs 200 people across nine plants in Belgium, France, Germany and the Netherlands. Its forecast full-year sales are Euro80m in 2022. Holcim says that the move is in line with its Strategy 2025 - Accelerating Green Growth target of expanding its solutions and products unit to 30% of group sales.

UK: Judges at the BusinessGreen Leaders Awards sustainable innovation award ceremony have named Carbon Clean chair and CEO Aniruddha Sharma as Entrepreneur of the Year. The judging considered innovators from across UK business. Carbon Clean said that the award is testament to Aniruddha’s vision and achievements, along with those of co-founder Prateek Bumb and the team that they have built.

The company said “At Carbon Clean, we are at the forefront of CCUS innovation, delivering products that can genuinely change the world. Under Aniruddha's impactful leadership we are taking major strides towards our goal of delivering industrial decarbonisation on a gigatonne scale by the mid-2030s.” It added “Congratulations to our fellow BusinessGreen Leaders Awards winners!”

India: Dalmia Bharat Refractories plans to launch its cement refractory products in new export markets. Chemical Industry Digest has reported that the company aims to achieve a turnover of US$191m in the 2023 financial year, and to launch a 3 – 4 year US$38.1 capital expenditure investment package. The supplier currently exports some refractories to Canada, Kenya, Morocco, Nigeria, Spain and West Asia.

Managing director and CEO Sameer Nagpal said “We have started some trials in Germany, before we turn regular suppliers and tap deeper into the export market.” Nagpal said that the company would also target other markets in Asia, Africa and Europe. He concluded “We are looking to gain a greater share of the customer’s wallet in these markets and in India.”

Guatemala: Cemex has secured its electricity supply for its Guatemalan operations until 2027 through the signing of a renewable power purchase agreement with Enel Green Power. Enel Green Power will supply an estimated 164GWh of renewable energy under the agreement, enabling Cemex to operate one of its Guatemalan cement facilities using 100% renewable energy.

“Transitioning to renewable energy sources is an integral part of our climate action strategy,” said Cemex South, Central America and the Caribbean president Jesús González. “We remain committed to becoming a net-zero CO₂ company and are taking decisive steps to achieve this goal.”

Sweden: HeidelbergCement says that it will establish a 1.8Mt/yr carbon capture and storage (CCS) plant at its Slite cement plant in Gotland. It aims to achieve full-scale capture of the plant’s CO₂ emissions by 2030. In conjunction with the CCS plant project, Cementa will increase the share of biomass in the Slite plant’s fuel mix.

Chair Dominik von Achten said “Just a few days ago, we published new sustainability targets, underlining the importance of carbon capture, utilisation and storage (CCUS) as one key lever to almost halve our CO₂ footprint by 2030 compared to 1990, and achieve Net Zero by 2050 at the latest.” He continued “Slite CCS is the largest CCUS project yet in our group and the cement industry, and a model for what will be achievable with CCUS also beyond 2030. As this initiative contributes considerably to the climate ambitions of Sweden, and is a unique project for us in terms of scale, we are keen to make it happen.”

Europe: The European cement industry association Cembureau has published its 2030 Biodiversity Roadmap. The roadmap sets out the association’s strategy for becoming nature positive by 2030. This consists of four focus areas, namely participation in the European Union (EU) Pollinators Initiative, control of invasive species, support for protected species and ecosystem rehabilitation efforts.

Chief executive officer Koen Coppenholle said “The European cement industry is committed to achieving the goals set in the EU Green Deal. In addition to climate change, one of the key priorities of our industry is to protect and preserve the rich ecosystems thriving in and around our quarries and to make a strong contribution to biodiversity across the EU.”