India: Adani Group has entered talks with the Odisha government to construct its first greenfield cement plant. Ambuja Cements, a subsidiary of the Adani group, is likely to build the 4Mt/yr unit for US$357 – 416m. The plant is expected to be operational by the 2028 financial year, according to the Hindustan Times. This follows Adani's recent announcement of a new clinker grinding unit in Bihar for US$190 – 238m. Funding for the plant will reportedly come from internal accruals.

Nigeria: Dangote Cement has recorded a 0.6% year-on-year rise in profit to US$163m for the first nine months of 2024. Revenue increased by 69% year-on-year to US$1.5bn, driven by price adjustments, up from US$885m in the same period in 2023. Gross profit also rose, up 36% year-on-year from US$568m to US$774m. The company has commissioned 11 out of 17 alternative fuel projects and recently integrated 1500 compressed natural gas trucks into its fleet in an attempt to reduce costs.

India: Ambuja Cements has reported a 22% year-on-year fall in standalone net profit to US$60.4m for the quarter ending September 2024, down from US$77.6m in the same period in 2023. Revenue from operations rose by 6% year-on-year to US$507m, compared to US$478m in the previous corresponding period. Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the quarter also decreased by 12% year-on-year to US$82.3m. The company aims to achieve 100Mt/yr capacity by the end of the 2024 financial year, following the acquisition of a 47% share in Orient Cements.

US: Terra CO₂ has received a US$52.6m federal grant from the US Department of Energy to support the construction of a new plant in Magna, Utah, that will produce up to 240,000t/yr of supplementary cementitious materials using mining waste from the nearby Kennecott copper mine. This method reportedly aims to cut CO₂ emissions by 70% per tonne of traditional cement replaced, according to the company’s CEO Bill Yearsley. The project is expected to create 61 jobs.