Displaying items by tag: target
Mexico: Cemex says that it has received validation from the Science-Based Targets Initiative (SBTi) for its 2050 Net Zero Roadmap. The roadmap sets out strategies, including carbon capture, for ‘aggressive CO2 reductions’ across Cemex’s entire value chain, in order to achieve carbon neutral cement production by 2050. The group’s current carbon capture projects portfolio has the potential to reduce its CO2 emissions by 3Mt/yr.
Cemex CEO Fernando González said “The construction industry is essential to the development and wellbeing of society, and its transition to carbon neutrality is achievable. The SBTi’s validation of our decarbonisation target attests to this, as well as the strength of our commitment.”
Cemex Dominicana partners with Nestlé Dominicana for alternative fuel co-processing
06 December 2022Dominican Republic: Cemex Dominicana has announced the signing of a new sustainability agreement with food producer Nestlé Dominicana. Under the agreement, Cemex Dominicana will co-process Nestlé Dominicana's non-recyclable high-calorific solid industrial waste as alternative fuel (AF) in its cement plant.
Cemex's Dominican Republic, Puerto Rico and Haiti regional director José Antonio Cabrera said "This agreement with Nestlé allows us to continue promoting our Future in Action strategy by operating our cement plant with AF." He concluded "We are committed to becoming a net-zero CO2 company."
Votorantim Cimentos tightens CO2 reduction targets
05 December 2022Brazil: Votorantim Cimentos has revised its Scope 1 CO2 emissions reduction goal down to 475kg/t of cementitious product by 2030, from 520kg/t previously. The new target is 8.7% lower than the previous one, which it set in November 2020. Votorantim Cimentos previously reduced its emissions per tonne by 20% between 1990 and 2021. The group's targeted reduction from a 2018 base year now equates to 25%. The Science-Based Targets Initiative (SBTi) validated the ambitious target on 1 December 2022.
Votorantim Cimentos expects to achieve its aim through increased alternative fuel (AF) co-processing, substitution of supplementary cementitious materials, improved efficiency and use of renewable power and the development of new technologies, including carbon capture.
The group's global sustainability, institutional relations, product development and engineering director Álvaro Lorenz said “The fight against the negative effects of climate change is at the heart of our strategy and reflects our focus on competitiveness and on creating a positive legacy. The most competitive businesses will be those with the lowest greenhouse gas emissions. After all, the environmental crisis is also an economic and social crisis. The validation of our new target by SBTi reinforces our commitment and continuous efforts toward the net-zero agenda.”
Aqualung Carbon Capture to supply CCS system for Nordkalk lime plant
30 November 2022Scandinavia: Norway-based Aqualung Carbon Capture has secured a contract to supply a membrane-based carbon capture and storage (CCS) system for a Nordkalk lime plant in Scandinavia. The supplier said that each Aqualung Carbon Capture unit has the capture capacity to remove 25% of an average Nordkalk lime kiln's CO2 emissions. The project will commence in early 2023.
Nordkalk plans to roll out Aqualung Carbon Capture CCS systems across all of its kilns before 2030. Accordingly, parent company SigmaRoc has newly committed to tightened group CO2 reduction targets under the guidance of the Science-Based Target Initiative (SBTi).
SigmaRoc CEO Max Vermorken said “Our partnership with Aqualung is an exciting next step for the group and the fruit of many months of diligent work by Aqualung and our technical teams in the UK and at Nordkalk. It demonstrates that capturing all process emissions is possible, with existing technology and at industrial scale. Once we roll this out across the group, I believe we will be industry-leading when it comes to our carbon capture strategy, demonstrating again the agility of our business and our business model.”
Aqualung Carbon Capture president and chief technical officer Henrik Utvik said “Aqualung Carbon Capture is extremely pleased to partner with a pioneering company like SigmaRoc to apply our decarbonisation concept in lime production. Due to the size and energy advantages, we believe our technology is ideally suited for this application, and the collaboration with SigmaRoc will fast-track the deployment of full-scale carbon capture installations.”
Titan America completes Portland limestone cement conversion
30 November 2022US: Titan America has successfully converted its cement operations to 100% Portland limestone cement (PLC) production. As part of its transition, the producer established two new 70,000t storage domes to serve its key markets.
President and CEO Bill Zarkalis said "I would like to thank all members of the Titan America team who are able and energised to provide the highest performing products to our customers, and do so with our 2030 goals for a sustainable future at top of mind. Our conversion to 100% Type IL PLC production and our expanded investments to deliver lower carbon products and solutions to customers showcase the progress we have made and our commitment to accelerate our contribution to addressing climate change."
JK Cement commissions new Uttar Pradesh grinding plant
28 November 2022India: JK Cement has commissioned its latest new grinding plant in Uttar Pradesh. Reuters News has reported that the facility has a cement production capacity of 2Mt/yr.
JK Cement is on track to increase its total installed capacity to 23Mt/yr by the end of 2023.
Singaporean parliament enacts tightened carbon credit scheme
17 November 2022Singapore: Parliament passed the Carbon Pricing (Amendment) Bill earlier in November 2022. Under the act, Singapore will raise the price of carbon credits to US$18.17/t from 2024, and to US$32.71/t from 2026. CNA News has reported that the government said that the new legislation will provide the basis for the realisation of carbon credit prices of over US$36.31/t by 2030, in line with the country's 2050 net zero CO2 emissions commitment.
Polluters which emit over 25,000t/yr of CO2 currently pay US$3.65/t for carbon credits.
Saudi Arabia: Yanbu Cement was among successful bidders in Saudi Arabia's largest carbon credit auction to date earlier in November 2022. The Saudi Public Investment Fund (PIF)’s Voluntary Carbon Market Initiative Auction sold 1.4Mt-worth of carbon credits to 15 different entities, of which Yanbu Cement was the only cement sector representative. The PIF said that the sale will support the country's Saudi Vision 2030 development goal, while also advancing its progress towards net zero CO2 emissions by 2060.
Science Based Targets initiative validates Titan’s emission targets
11 November 2022Greece: 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.
Cemex resets sustainability targets aim for 1.5ºC scenario
11 November 2022Mexico: Cemex says it has validated its 2030 decarbonisation goals through the Science Based Targets initiative (SBTi) for alignment under their new 1.5°C scenario. Under the new target the group plans to reduce its Scope 1 (direct) emissions by 47% less of CO2 per ton of cementitious material and 35% less of carbon content in concrete compared to a 1990 baseline. A Global Cement estimate suggests that Cemex has set its 2030 target to around 425kg CO2/t of cementitious product compared to 800kg CO2/t in 1990 and 591kg CO2/t in 2021.
The group also intends to reduce its Scope 2 (indirect) emissions via a 65% increase in sustainable electricity consumption. It aims to reduce its Scope 3 emissions through a 25% reduction in CO2 per tonne of purchased clinker and cement, a 30% reduction in transport emissions, a 40% reduction of scope 3 emissions per tonne of purchased fuels and a 42% reduction in absolute scope 3 emissions from the use of traded fuels compared to a 2020 baseline.