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Indian cement sector will use 40% renewable energy in 2025 financial year

19 September 2023

India: Ratings agency ICRA says that the cement industry in India will reach a renewable energy reliance of 40% across its operations in the 2025 financial year. The Hitavada newspaper has reported that this will involve the construction of 537MW-worth of new renewable power capacity. During the 2023 financial year, which ended on 31 March 2023, producers used 35% renewable energy. ICRA said that they can expect to make costs savings of US$240m/yr from 2025 through the scale-up of renewables, including solar, wind and waste heat recovery. This would correspond to a 15 – 18% reduction of estimated energy costs for the 2025 financial year.

Over the same two-year period, ICRA forecast blended cements to rise to 81% of cement sales in the 2025 financial year, from 78% in the 2023 financial year.

Published in Global Cement News
Tagged under
  • India
  • Energy
  • Electricity
  • Solar power
  • Investment
  • costs
  • blended cement
  • ICRA
  • Forecast
  • Outlook
  • Sustainability
  • CO2
  • GCW626

Caribbean Cement to raise exports

19 September 2023

Jamaica: Caribbean Cement plans to increase its exports of its cement. The Gleaner newspaper has reported that the company announced its successful despatch of a 3400t shipment of cement to Turks and Caicos on 16 September 2023. The shipment consisted of 2267 jumbo bags of its higher early strength cement.

Managing director Yago Castro reassured Jamaicans that Caribbean Cement would continue to prioritise the domestic market. He continued “However, there is a market out there for us. We will actively look for opportunities to reallocate the spare capacity to the export market."

Published in Global Cement News
Tagged under
  • Jamaica
  • Cemex
  • Caribbean Cement
  • Export
  • Export
  • trade
  • bagged cement
  • market
  • Shipping
  • GCW626

Cemex CEO Fernando González participates in United Nations Global Compact panel

19 September 2023

Mexico: Cemex’s CEO Fernando González joined a panel of other business representatives at the 78th Session of the UN General Assembly on 18 September 2023. The United Nations Global Compact, the UN’s 9500 member-strong stakeholder platform for sustainable business, hosted the panel. González and fellow panellists discussed issues including sustainable finance, global fairness and the effects of climate change.

González said “Our company is committed to building a better future: one that is more sustainable, circular and creates a supportive environment for people to thrive. The UN Sustainable Development Goals provide a great blueprint to effect this change, but progress is not happening fast enough. The public and private sectors must join to map an equitable transition to the sustainable world of tomorrow.”

Cemex is an Early Mover in the UN’s Forward Faster climate change accountability initiative and co-leads the UN Global Compact’s Sustainable Supplier Impact Programme in support of small and medium-sized enterprises’ sustainability transition.

Published in Global Cement News
Tagged under
  • Cemex
  • corporate
  • Sustainability
  • Strategy
  • meeting
  • Event
  • UN Global Compact
  • United Nations
  • Forward Faster
  • Sustainable Supplier Impact Programme
  • GCW626

GEA trials carbon capture technology at Phoenix Zementwerke cement plant

18 September 2023

Germany: Engineering company GEA has installed a carbon capture pilot plant at the Phoenix Zementwerke cement plant in Beckum, North Rhine-Westphalia. The supplier will now conduct testing over ‘several’ months, but said that it is confident that the cement plant is suitable for an installation to capture over 90% of its CO2 emissions. GEA’s carbon capture systems run on energy from waste heat recovery, with minimal to zero extra electrical input.

Phoenix Zementwerke managing director Marcel Gustav Krogbeumker said “We consider carbon capture a very exciting technology. Thanks to GEA's decades of experience in emissions control, I am very positive that together we can develop and implement a solution."

Published in Global Cement News
Tagged under
  • Germany
  • GEA
  • Phoenix Zementwerke
  • carbon capture
  • CCS
  • pilot
  • Trial
  • data
  • Upgrade
  • CO2
  • Sustainability
  • Supplier
  • GCW626
  • CCUS
  • decarbonisation

Hoffmann Green Cement Technologies raises revenues and volumes in first half of 2023

18 September 2023

France: Hoffmann Green Cement Technologies reported revenues of Euro1.68m during the first half of 2023, more than triple those recorded in the first half of 2022 (Euro544,000). The producer’s sales volumes of its clinkerless cement also more than tripled, to 7340t. It says it is on course to achieve its full-year 2023 target of 24,000t. The commissioning of its H2 plant in France raised the company’s installed production capacity by 250,000t.

Co-founders Julien Blanchard and David Hoffmann said "Thanks to the daily work of all our teams, we are accelerating the marketing of our innovative clinker-free cement in a construction market with demand for truly carbon-free solutions. Considering the seasonality of our sales, we intend to intensify the transformation of our order book into sales during the second half of 2023.”

Published in Global Cement News
Tagged under
  • Hoffmann Green Cement Technologies
  • France
  • Results
  • volumes
  • growth
  • target
  • Outlook
  • market
  • Sustainability
  • CO2
  • Sales
  • GCW626
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