Global Cement News

UK: The Global Cement & Concrete Association (GCCA) held an online launch for its second Innovandi Open Challenge on 14 March 2023. The global challenge matches start-up companies with some of the world’s leading cement and concrete manufacturers, which operate in almost every country across the world, to work on initiatives to cut emissions and pioneer environmental change across the industry. The launch follows the success of the first ever Innovandi Open Challenge in 2022, which saw cement companies partnering with six start-ups, with a strong focus on carbon capture and utilisation projects.

This time around, applicants are being asked to work on the development of new materials and ingredients for low carbon concrete – a major step towards the goal of net zero concrete. Alternative materials, including construction and demolition waste, can result in far lower CO2 emissions than traditional concrete, as well as reduce the need to use virgin raw materials. The applications phase will last until mid-May 2023.

Thomas Guillot, CEO of the GCCA, said “We’re calling on the best and the brightest from around the world to join us in the urgent fight to limit global warming and help towards delivering the great prize of net zero concrete. If you are a start-up from Austria to Australia, from Brazil to Bangladesh, with an innovative idea or technology, then we want to hear from you.”

Those companies that are accepted for this year’s Innovandi Open Challenge will gain unique access to industry plants, laboratories, key networks and the expertise and infrastructure of the GCCA’s 40 members from around the world. They will also receive guidance from the GCCA and its members to help them with the development of new technology and business cases.

Claude Loréa, GCCA cement director and innovation lead, said “We’ve already seen some remarkable progress from those start-ups who’ve been working with our members on the first Innovandi Open Challenge, with several projects already in the pilot stage. This year’s theme, low carbon concrete, is equally challenging. To succeed, we need products which are affordable, scalable and easily adopted. Good luck to all this year’s applicants. We look forward to working with those selected.”

Oman: China-based Huaxin Cement has concluded a share purchase agreement with Omani sovereign wealth fund Oman Investment Authority (OIA) for the acquisition of a 60% stake in Oman Cement. ASDQ Financial News has reported the value of the deal as US$193m.

OIA director general of private ownership Ibrahim bin Said al Eisari said "This exit comes in accordance with a plan pursued by OIA aimed at achieving a number of goals, including attracting foreign investment to the sultanate. This will contribute to the development of operations at Oman Cement, increase the efficiency of its production lines and enhance its competitiveness locally and regionally, in addition to enhancing the positive image of the Omani industrial sector in general."

Afghanistan: The government's Mines and Petroleum Ministry has awarded a contract for construction of a new 1Mt/yr cement plant in Kandahar Province. Bakhtar News Agency has reported that the project will have a budget of US$100m.

Bolivia/Mexico: Compañía de Inversiones Mercantiles (CIMSA) has signed a settlement agreement with GCC in the parties' dispute over a transaction affecting shares in Sociedad Boliviana de Cemento (SOBOCE). Law360 News has reported that the settlement does not preclude GCC´s option to recover the settlement amount from other third parties, if necessary.

GCC failed to grant CIMSA a right of preference before selling its 47% stake in SOBOCE in 2011. The Inter-American Commercial Arbitration Commission (CIAC) subsequently awarded compensation to CIMSA. Since this time, the matter has passed through courts in both Bolivia and the US.

Saudi Arabia: Najran Cement has signed a deal for a US$85m six-year financing facility from Al Rajhi Bank. The producer says that its logistics unit will use the funds 'to endorse its core business activities.'