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CCS investment to reach US$80bn by 2030 13 June 2025
Global: Cumulative investment in carbon capture and storage (CCS) will reach US$80bn over the next five years, according to risk management company DNV’s new Energy Transition Outlook: CCS to 2050 report. DNV forecasts that CCS capacity will quadruple by 2030, driven initially by pilot projects in North America and Europe, but now seeing a sharp increase in capacity. As the technologies mature and scale, DNV expects that the average costs will drop by an average of 40% by 2050. The report also states that CCS will grow from 41Mt CO₂/yr captured and stored today to 1.3Bnt CO₂/yr in 2050.
CEO of energy systems at DNV Ditlev Engel said “Carbon capture and storage technologies are a necessity for ensuring that CO₂ emitted by fossil-fuel combustion is stopped from reaching the atmosphere and for keeping the goals of the Paris Agreement alive. DNV’s first Energy Transition Outlook: CCS to 2050 report clearly shows that we are at a turning point in the development of this crucial technology.”
Netherlands: Dutch construction firm Hakkers and startup Paebbl have launched their first joint project at the Port of Rotterdam. The project aims to reduce the environmental impact of maritime anchoring by replacing 15% of traditional cement in the anchoring mix with Paebbl’s carbon-storing material. The substitution stores captured CO₂ into a stable mineral form, sequestering 110kg of CO₂ per tonne of material, for a total of 500kg in this application. Hakkers uses around 5000t/yr of cement for anchoring in civil engineering projects. Paebbl’s material aims to reduce emissions from these projects while maintaining performance.
Commercial manager at Hakkers Jeroen Kuup said “We’re always on the lookout for innovative ways to minimise our carbon footprint at industrial scale. Traditional anchoring systems rely heavily on cement, which generates considerable CO₂ emissions. Partnering with Paebbl on these maritime infrastructures allows us to explore a more sustainable approach without compromising on the scale, reliability and performance that our clients expect.”
FANCESA halts production due to diesel shortage 13 June 2025
Bolivia: Fábrica Nacional de Cemento (FANCESA) will temporarily halt production due to a diesel shortage, which it attributed to the country’s ‘difficult economic, political, and social situation’, according to La Razón newspaper. The company said it had not received supplies since mid-May 2025. In a statement, it said that it faces a “severe restriction on the supply of diesel, a fundamental element for the operation of our production equipment and for the transportation of cement.”
The producer added that it had written to Yacimientos Petrolíferos Fiscales Bolivianos and the National Hydrocarbons Agency requesting urgent fuel delivery. It expressed apologies to customers and partners and said it would resume operations immediately once fuel supplies returned. The government said the shortage stemmed from roadblocks preventing the transport of diesel and gasoline.
Vietnam: The government will allocate greenhouse gas emission quotas to cement and steel plants and thermal power facilities by 31 December 2025, following a new decree issued on 9 June 2025, which takes effect on 1 August 2025. These facilities will receive quotas during the 2025–2026 period. The Ministry of Agriculture and Environment, in coordination with the ministries of industry and trade and construction, will lead the pilot proposal process and submit total allowable emissions to the prime minister for approval. Quotas for each plant must be finalised by the end of 2025. From 2027, ministries will propose lists of facilities and quotas for 2027–2028 and 2029–2030, with submissions due by 30 June of the first year of each period. The Ministry of Agriculture and Environment will allocate quotas by 31 October annually once approved.
Quotas will be based on emission intensity per unit of product, industry growth targets and each facility’s potential to reduce emissions. Facilities may trade quotas and carbon credits on the national market. The decree also revises rules on trading, borrowing, transferring and surrendering quotas. Facilities must surrender quotas equal to verified emissions, minus carbon credit offsets, by 31 December following each compliance period. Penalties and future deductions will apply to those who fail.
Sinafcam to launch Cimaco cement in Cameroon 12 June 2025
Cameroon: A new cement brand, Cimaco, has entered the market, starting in June 2025, according to the Business in Cameroon newspaper. Chinese-owned company Sinafcam Sarl made the announcement, stating that it will produce the cement at its 1Mt/yr-capacity plant in Edéa, Littoral region. The launch will include three product grades: 32.5, 42.5 and 52.5. Sinafcam becomes the country’s seventh cement producer.
The Ministry of Industry expects two additional Chinese plants in Edéa: Central Africa Cement with 1.5Mt/yr of capacity and Yousheng Cement with 1.8Mt/yr. However, despite the rise in production facilities over the past decade, the retail price of a 50kg cement bag still remains high, reportedly due to the elevated cost of clinker imports.