Cement News from International Cement Review


Votorantim Cimentos reduces its global CO2 emissions by 4% in 2023
News - 28 March 2024

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.  ...

International - 28 March 2024

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...

Trading - 28 March 2024

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...

Freight Markets - 25 March 2024

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...

Corporate - 28 March 2024

Gautam Adani injects US$799m into Ambuja

Gautam Adani and his family have invested a further US$799m in Ambuja Cements Ltd , raising their stake in the cement producer to 66.7 per cent. According to Bloomberg News, the move is indicative of the billionaire’s confidence in the cement business as India undergoes an infrastructure boom.  Adani  first acquired a controlling stake in Ambuja Cements Ltd and ACC Ltd in 2022 for US$10...

Environmental - 26 March 2024

Heidelberg Materials and UK Government plan Padeswood carbon capture principles

Minister for Energy Efficiency and Green Finance Lord Callanan visits Heidelberg Materials’ Padeswood cement works  Heidelberg Materials has signed a statement of principles with the UK Government’s Department for Energy Security and Net Zero for its planned carbon capture plant at Padeswood cement works.  The agreement marks a milestone for the project and Heidelberg...

Recent Orders - 28 March 2024

MDG Americas supplies material handling and storage

Titan Cement , located in Medley, Florida , has initiated a project to add limestone to its existing cement production circuit. The project was designed by MDG Americas Inc and is in operation with three front end loader feed hoppers, three apron feeders, and three TRX surface feeders.  MDG Americas is also working with CEMEX to improve its coal/petcoke grinding plant process at one of ...