Cyprus: Vassiliko Cement has launched an 8MWh photovoltaic solar plant. It is located in a former quarry in the Amalas area, approximately 8km from its cement plant. The unit is expected to supply around 10% of the cement plant’s electricity requirements. The project had an investment of around Euro6.5m. The lead contractor on the project was Sunel.
Cementos Pacasmayo sales boosted by infrastructure work in 2019
Peru: Cementos Pacasmayo’s sales have been boosted by infrastructure work, coastal El Niño reconstruction projects and private projects. Its cement, concrete and precast shipments rose by 10.6% year-on-year to 2.62Mt in 2019 from 2.34Mt in 2018. Its sales grew by 10.3% to US$410m from US$372m. Its consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 7.7% to US$118m from U$109m.
McInnis Cement issues innovation call for carbon capture and utilisation technologies
Canada: McInnis Cement, Écotech Québec and the Gaspésie Cleantech Hub, in collaboration with the Québec Ministère de l’Économie et de l’Innovation, have launched a call for innovations to identify carbon capture and utilisation technologies for the Port-Daniel-Gascons, McInnis cement plant. This call for innovations will run until May 2020 and then selected organisations will be invited to explore future options.
“From the moment the company was founded, McInnis Cement has been exploring the option of replacing some of the hydrocarbons used as fuel for the plant with locally generated residual forest biomass so as to reduce its environmental emissions,” said Maryse Tremblay, Director of Communications and Corporate Social Responsibility at McInnis Cement. She added that a study to verify the feasibility of using this type of alternative fuels is underway and that this may be followed by a pilot project.
Écotech Québec is a non-profit organisation, funded by the provincial government, which represents Québec's ‘clean’ technology cluster. It supports businesses, researchers, investors and associations to help accelerate the development, financing and commercialisation of clean technologies. The Gaspésie Cleantech Hub is an economic development organisation created to help the region increase the economic benefits of establishing the McInnis cement plant.
Yamama Cement returns to profit in 2019
Saudi Arabia: Yamama Cement’s sales grew by 64% year-on-year to US$214m in 2019 from US$139m in 2018. Its net profit after zakat and tax was US$68.3 following a loss of US$13.8m.
