China: Huaxin Cement plans to invest US$184m in a green building materials joint venture called Huangshi Huaxin Green Building Materials. The group says that the other investors are Huangshi City Urban Development Investment Group and Yangxin County Mining Investment. The partners plan to invest a total of US$1.84bn to establish a 2Mt/yr lime plant, a 100Mt/yr artificial sand and gravel plant and a 2bn blocks/yr building materials plant. The new facilities are to be situated in Yangxin County, Hubei Province. The units will be built in phases from January 2021.

India: The Ministry of Finance Central Board of Direct Taxes (CBDT) says that its Income Tax department has detected US$95m-worth of tax evasion by Chettinad Cement and Anjani Portland Cement owner Chettinad Group. The Deccan Herald newspaper has reported that following raids on its offices the tax department found evidence of inflated expenditure, unaccounted receipts and complex financial arrangements including bogus liabilities in order to reduce capital gains. The investigation continues.

Russia: Soyuzcement, the national cement manufacturing union, has forecast a 4% year-on-year fall in cement production in 2020. Greater declines are expected in the central and southern federal regions. It observed that only half of the country’s production capacity was used in 2020. However, the organisation has credited government subsidies for mortgages as staving off the worse economic effects of the coronavirus pandemic in the first half of the year by stimulating construction.

Belgium: Carmeuse has signed a joint development agreement with France-based energy transition specialist ENGIE and John Cockerill for a carbon capture and utilisation (CCU) project in Wallonia. It will concentrate CO₂ from a new type of lime kiln and combine it with ‘green’ hydrogen to produce ‘e-methane.’ The hydrogen will be produced by a 75MW electrolyser plant powered by renewable electricity. The company said, “The produced e-methane will be suitable for injection into the national natural gas grid. This renewable e-methane can be used by industrial users or as an alternative fuel in the transport sector, thus allowing these sectors to decarbonise.”

Construction is due to begin in 2022 for commissioning of the installation in 2025. Its total investment cost is Euro150m. The partners have applied for funding from the EU Innovation Fund and Important Project of Common European Interest (IPCEI) fund. The project’s estimated CO₂ emissions reduction over 10 years is 900,000t

Chief executive officer (CEO) Rodolphe Collinet said, “We are delighted to join forces with John Cockerill and ENGIE for the development of this very exciting and strategic project. It is a major step forward in our ambition to become CO₂-neutral by 2050. This project is a very concrete and important example of Carmeuse’s strong commitment and contribution to sustainable development.”