Australia: MarketLine News has reported that CRH has offered to pay US$737m to raise its stake in Adbri to 57% from 4.6%. The consideration forms part of a non-binding offer for the company by CRH and Barro Group, both minority shareholders in Adbri.

UAE: Fujairah Cement Industries has announced an upcoming temporary suspension of despatches of cement from its Fujairah cement plant, commencing on 1 January 2024. Sales will remain suspended until at least mid-February 2024 to the start of March 2024. During the suspension, the producer will carry out a ‘major’ refurbishment of the plant.

Nigeria: BUA Cement has reportedly stated operations on the new 3Mt/yr Line 5 at its Sokoto cement plant. Local media has reported that inauguration will follow in January 2024, as scheduled.

Australia: Adbri has entered into an agreement to obtain a new limestone carrier for its South Australian cement operations, to replace its MV Accolade II vessel currently in operation there. Specifically, the new carrier will supply raw materials for the Birkenhead cement plant. It is 100% battery electric capable. Adbri has hired marine transport company CSL to supply and operate the vessel. The contract will last until 2043, with the option for two five-year extensions.

Adbri chief executive officer Mark Irwin said “The new vessel will support Adbri to increase cement volumes at Birkenhead, while also supporting the production of lower carbon products such as EvoCem cement, which uses limestone as a clinker substitute.” He continued “The new vessel is expected to start operations with a hybrid system, where electric power will replace about 25% of its diesel fuel. This is expected to reduce Scope 1 emissions by about 40% compared to the current emission intensity seen in the Accolade II operation. By 2031, we aim to achieve 100% electric power capability, further reducing Scope 1 emissions to less than 10% of the current emission intensity seen in the Accolade II operation. This milestone is a crucial step forward in our on-going net zero emission journey.”