Holcim Madagascar successfully tests HFO

Holcim Madagascar has successfully concluded a first test of Tsimiroro heavy fuel oil (HFO). The oil will be used for drying of raw materials before grinding. “The first HFO test was positive and technically satisfactory. But the process will not be limited to a single test. A further test will be carried out after the rainy season,” said Pascal Naud, CEO of Holcim Madagascar.

The second test will consider the impact of HFO in terms of production costs in view a falling cement prices in the Madagascan market.

The success of the test is a positive turn for Madagascar Oil, who exploit the Tsimiroro deposit. At present, the company is able to produce 6000bpd. This figure is set to rise to 9000-10,000bpd by 2018.