Global Cement News

Germany: Cemex Zement’s Rüdersdorf, Brandenburg, cement plant is to host a new 100t/day carbon capture installation. Cemex Zement will collaborate with UK-based Carbon Clean on a front-end engineering and design (FEED) study for the project. The system will combine captured CO₂ with sustainably sourced hydrogen in order to produce green synthetic hydrocarbons. The partners aim to increase the system’s CO₂ capture capacity to 300t/day by 2026, before finally scaling it up to 2000t/day.

Europe, Middle East, Africa and Asia regional president Sergio Menendez said “This project with Carbon Clean is the latest development in Cemex’s plan to achieve carbon neutrality at the Rüdersdorf cement plant by 2030, through our pioneering carbon neutral alliance with expert industrial consortiums. Carbon capture will play a fundamental role in the efforts to succeed at this goal and ensure our operations are more sustainable.”

US: Eagle Materials’ consolidated sales were US$985m in the first half of the 2022 financial year, up by 13% year-on-year from US$875m in the first half of the 2021 financial year. Its gross profit rose by 25% to US$282m from US$225m. The group recorded cement sales of US$496m, up by 4.4% from US$475m in 2020.

Switzerland: The Science-Based Targets Initiative (SBTi) has validated Holcim’s 2050 net zero CO2 emissions pathway. The pathway consists of targets covering Holcim’s entire value chain, across Scopes 1 – 3.

CEO Jan Jenisch said “The building sector has an essential role to play to accelerate our world’s transition to net zero. I am proud to be joining the SBTi today to announce Holcim’s net zero pathway to 2050. By setting the first Net-Zero Standard for our industry, we are walking the talk on our commitment to take science-driven action to win the Race to net Zero.”

India: Dalmia Bharat’s consolidated cement sales in the first half of the 2022 financial year were 5.1Mt, up by 6.2% year-on-year from 4.8Mt in the first half of the 2021 financial year. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 1.6% to US$178m from US$176m. The company recorded a net profit of US$67.1m during the period, up by 19% from US$56.3m. During the second quarter of the year, which ended on 30 September 2021, Dalmia Bharat commissioned a second line at its Cuttack, Odisha, cement plant and began trial production at its newly acquired Murli cement plant in Maharashtra.

The Orissa Diary newspaper has reported that managing director Puneet Dalmia said "We are pleased with our performance during the quarter. In spite of unprecedented costs related headwinds across all regions, our razor sharp focus on operational efficiencies and execution has helped us contain our costs and deliver an industry-leading performance. We have made considerable progress on our immediate priorities, including expanding our capacity, driving organisational transformation, reinforcing our brand and redefining our corporate governance framework. Looking ahead, we remain focused on further strengthening our momentum to drive sustainable and profitable growth and generate top-tier returns for our stakeholders.” He continued “As India's economy continues to rebound from the lows of last year, we expect the demand and pricing environment for the sector to improve for the rest of the 2022 financial year."

UK: The Clean Growth Fund has led a Euro1.19m investment in cement industry decarbonisation software developer Carbon Re. Other investors are Blue Impact Ventures, Cambridge Enterprise Fund and UCL Technology Fund. The supplier says that its deep reinforcement learning AI product can reduce cement plants’ operating costs by Euro1.97 – 5.09/yr and eliminate 20% of Scope 1 emissions. Five pilot installations of its Delta Zero platform are installed at cement plants in the EU, India, Thailand, Turkey and Vietnam.

CEO Sherif Elsayed-Ali said “Our mission is to reduce global emissions at the gigatonne scale, starting with the cement industry, and to become the leading global AI company to deliver industrial decarbonisation. Carbon Re’s AI technology provides heavy industry with an effective solution to address their critical challenges of energy costs and emissions reduction.” He added “The road to a zero-carbon world will be long, but with the support of the Clean Growth Fund and our other investors, our AI-products and solutions will evolve to accelerate the transition of energy intensive industries.”