Cement News from International Cement Review
Votorantim Cimentos reduces its global CO2 emissions by 4% in 2023
In 2023 Votorantim Cimentos emitted, globally, 556kg of CO 2 /t of cement produced, four per cent less than in 2022, acording to a company statement. The company’s 2030 decarbonisation target, approved by the Science Based Target initiative (SBTi), is 475kg of CO 2 /t of cement. Between 1990 and 2023, Votorantim Cimentos reduced CO 2 emissions per tonne of cement produced by 27 per cent. ...
Afghanistan in talks over new cement plant
Turkey-based construction company 77 INSAAT has reportedly expressed an interest in setting up a cement plant in Jawzjan province in the north of Afghanistan, close to the border with Turkmenistan. According to Ariana News, 77 met with Shahabuddin Delawar, the acting minister of mining and petroleum in Afghanistan, to discuss the possibility of a new cement production facility in the Yatim Taq...
Carbon markets tested EUR50 before correcting 20% higher – political uncertainty in EU and US main drivers
By Frank O Brannvoll, Brannvoll ApS, Denmark The EUA December 2025 contract prices fell briefly to EUR50 levels not seen since the COVID-19 pandemic and sent shivers through many green projects that depend on relatively high carbon prices. The fear of a European Parliament that after the election would downgrade the green transition to a lower priority, in combination with the US Republica...
- OPEC+ agreement and new sanctions support oil, coal rising from support levels and increasing petcoke discount
- Mixed Pakistan export revenue trend in 8MFY23-24
- Bangladesh cement export momentum continued in 8MFY23-24
- Pakistan cement industry exhibits record quarterly profit in 2QFY23-24
- FOB and ARA discounts narrow
USG Supramax rates seeing end-of-month decrease
By Brannvoll ApS, Denmark It was a positive start to the month for Supramax shipowners in the USG region. The rates were increasing on fronthaul routes on the back of the tight tonnage supply for prompt dates in the area. Meanwhile, the transatlantic segment looked quiet, and rates were flat. In the middle of the month, the market started being in stand-off. Quite a few fresh cargoes were a...
- Supramax rates fell significantly on all routes amid slow start to the year
- High volatility in USG Supramax/Ultramax markets
- USG Supramax market skyrocketing as demand/supply plays in owners’ favour and congestion impacts Panama Canal
- Freight rates rise again on increased petcoke and grain demand
- After dip, freight rates seen stable to slightly higher