Kyrgyzstan: Cement production rose by 20% year-on-year to 118,000t in January 2025, according to the National Statistical Committee.
The country's cement production increased by 4% year-on-year to 3.1Mt in 2024. Cement imports rose by 120% to 0.5Mt.
Cimento Nacional signs wind power contract
Brazil: Buzzi subsidiary Cimento Nacional has signed a 15-year power purchase agreement with renewable energy provider Casa dos Ventos for 65MW/yr of wind power from the 756MW Serra do Tigre and 360MW Babilonia Sul wind farms. The agreement will supply 100% of the producer's electricity requirements in its Brazilian facilities.
The Serra do Tigre wind farm is currently under construction in Rio Grande do Norte, but the Babilonia Sul wind farm is operational in Bahia.
FLSmidth reports 2024 financial results
Denmark: FLSmidth's cement revenues fell by 26% year-on-year to US$616m in 2024.
Cement gross profit fell by 3% to US$204m. The producer attributed the decline to divestments and withdrawal from project-orientated business.
Group revenues, including both the Mining and Cement businesses, fell by 16% year-on-year to US$2.8bn. Group gross profit rose by 8% year-on-year to US$905m.
The company said that it expects the short-term outlook for the cement industry to remain impacted by ‘macroeconomic uncertainty’.
Terra CO2 raises US$82m to scale sustainable cement technology
US: Terra CO2 has raised US$82m in Series B funding from investors including Eagle Materials, GenZero and Just Climate. The company will build its first commercial facility in Dallas-Fort Worth, Texas, in partnership with Asher Materials.
With the help of Eagle Materials, the company will establish multiple 240,000t/yr plants across North America. The US Department of Energy has also awarded Terra CO2 with a grant of US$52.6m for a second commercial facility. The producer has begun concrete trials of its Opus Zero cement-free product, designed to completely replace ordinary Portland cement in concrete. It will complete a second funding round in the first quarter of 2025.
“This strategic funding from the world’s leading climate funds and industry partners validates our approach to practical cement decarbonisation at commercial scale,” said Bill Yearsley, CEO of Terra. “As we break ground on our first full-scale plant in Texas, their support enables us to accelerate deployment across North America and establish an early footprint in Europe.”
More Articles ...
