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PPC to modernise operations with Sinoma partnership 24 July 2024
Southern Africa: PPC has entered a strategic cooperation agreement with Sinoma Overseas Development to improve efficiency, modernise technology, cut production costs, shift to alternative fuels and expand capacity in PPC’s operations in South Africa, Zimbabwe and Botswana.
Canada: Finland-based Wärtsilä will provide a hybrid-electric propulsion system for an 11,000t-capacity limestone carrier, commissioned by CSL Group with China-based CCCC Shanghai Equipment Engineering and Jingjiang Nanyang Shipbuilding. The order supports CSL Group’s decarbonisation strategy by optimising engine and battery load and reducing fuel consumption.
The vessel is scheduled for delivery to CSL Group in 2026 and will initially operate on a hybrid diesel and battery system, transitioning to full electric power by 2031 to reduce carbon emissions by 90%, according to CSL Group. Wärtsilä will supply the whole hybrid electric propulsion system, including generators, DC hub, energy management system, main propulsion e-motors, bow thruster e-motors and battery solution.
The director of Electrical & Power Systems at Wärtsilä Marine, Torsten Büssow, said "Wärtsilä is committed to making decarbonised shipping possible, so we are delighted to be supporting CSL with solutions that enhance the sustainability of their fleet. This is a short sea shipping vessel that will operate with a lot of manoeuvring and variable load profiles, and electrification and hybridisation systems are the most efficient for such vessels."
YTL Corporation to acquire majority stake in NSL 24 July 2024
Singapore: Malaysia-based YTL Corporation has concluded a conditional sale and purchase agreement for an 81% stake in NSL for US$169m. YTL Cement will launch a mandatory unconditional cash offer for all outstanding shares in NSL after completing the acquisition. NSL manufactures precast concrete components and operates an environmental services division.
Catalonia's cement consumption hit by infrastructure investment deficit in first half of 2024 24 July 2024
Catalonia: Cement consumption in Catalonia decreased by 3% year-on-year to 1.1Mt in the first half of 2024. Cement production rose by 0.2% year-on-year to 3.21Mt. However, cement and clinker exports dropped by 25% to 1.5Mt.
The president of Ciment Català, Salvador Fernández Capo, said "The continued infrastructure deficit is hindering Catalonia's economic growth, affecting the well-being and quality of life of its citizens and diminishing the competitiveness of the country's economy.”
Nepal sees rise in cement and clinker exports 24 July 2024
Nepal: Exports of cement and clinker reached US$48bn in the 2024 financial year, tripling the figure from 2023, according to the Department of Customs. Exports of cement were US$23.5m, while clinker exports stood at US$22.5m.
This follows the government’s introduction of an 8% cash incentive for mine-based product exports and the identification of cement as a potential export item in the Nepal Trade Integration Strategy 2023. Policy changes, including tariff waivers on significant electricity usage by manufacturers, also contributed to this growth.