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Holcim, Enagás, and Saggas to develop CO2 capture and storage project at Sagunto plant

23 January 2025

Spain: Holcim, Enagás and gas supplier Saggas have announced the ‘CO2necta’ project, a joint decarbonisation initiative that will capture, transmit and store over 0.56Mt/yr of CO₂. The project will involve the construction of a CO₂ capture plant at Holcim's Sagunto plant in Valencia. Captured CO₂ will be transported through Enagás infrastructure to the Saggas terminal in the Port of Sagunto, where it will be liquefied and then shipped for geological storage.

Published in Global Cement News
Tagged under
  • Spain
  • Holcim
  • Enagás
  • decarbonisation
  • CCUS
  • carbon capture
  • Europe
  • GCW694

UltraTech Cement reports 2025 third quarter financial results

23 January 2025

India: UltraTech Cement’s profit after tax for the third quarter of the 2025 financial year declined by 17% year-on-year to US$166m, compared to US$199m in the third quarter of the 2024 financial year. Net sales rose slightly, by 1.4%, to US$1.87bn from US$1.84bn in the previous corresponding period.

The company projected a future growth in volume of 7-8%, due to its focus on infrastructure and housing projects, as well as increased demand. It said that its capacity expansion program remains on track, with 1.8Mt/yr added during the quarter. Including its acquisition of The India Cements, UltraTech’s total cement capacity has reached 171Mt/yr. It expects to reach 200Mt/yr capacity by the end of the 2027 financial year.

Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Results
  • Asia
  • GCW694

Shiva Cement and Bhushan Power and Steel sign agreement for 1Mt/yr grinding unit

23 January 2025

India: Shiva Cement, a JSW Cement subsidiary, has signed an agreement with Bhushan Power and Steel (BPSL) for the development of a 1Mt/yr cement grinding unit at BPSL's premises in Sambalpur, Odisha. The agreement formalises the proposed transaction following board and shareholder approvals in 2024, as well as the signing of a memorandum of understanding.

Under the agreement, BPSL will construct, install and operate the grinding unit for Shiva Cement. The total transaction value is capped at US$44m.

Published in Global Cement News
Tagged under
  • India
  • Shiva Cement
  • Bhushan Power and Steel
  • agreement
  • Grinding
  • JSW Cement
  • Asia
  • GCW694

Conch Zongyang preheater modernisation project chosen for energy efficiency pilot

23 January 2025

China: The Conch Zongyang Line 4 preheater modernisation project, based on KHD technology, has been selected as a pilot project under the Sino-German Energy Efficiency Improvement Demonstration in Key Industries programme. The initiative will be executed by KHD, its parent company AVIC International Beijing, and Conch Group’s research and development department. Results are expected by the end of 2025.

The programme stems from a 2023 agreement between China and Germany on climate change and ‘green’ transition cooperation. The programme was announced in 2024. It evaluated 12 candidate projects before selecting the Conch Zongyang project for its integration of technologies to achieve energy efficiency and a reduction in CO₂.

This project is one of several provided by AVIC to Chinese cement producers using KHD’s pyroprocessing, grinding, alternative fuel and digitalisation solutions.

Published in Global Cement News
Tagged under
  • China
  • Germany
  • Conch Cement
  • preheater
  • Upgrade
  • energy efficiency
  • KHD
  • pilot
  • Project
  • AVIC International Beijing Company
  • Conch Holdings
  • Asia
  • GCW694

Iraq’s cement production rises in 2024

23 January 2025

Iraq: The General Company for Iraqi Cement, a subsidiary of the Ministry of Industry and Minerals, reported a 7% year-on-year increase in cement production in 2024, to 10.2Mt. Director Aqil Raddam attributed the growth to successful efforts to raise productivity to meet local market demand, Iraqi News reports.

Published in Global Cement News
Tagged under
  • Iraq
  • Production
  • statistics
  • Iraqi Cement
  • Middle East and Africa
  • GCW694
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