Cement News tagged under: Energy
China Resources Cement to sign coal agreement14 December 2012, Published under Cement NewsChina Resources Power said it agreed to supply coal to China Resources Cement with a term of three years from 1 January 2013 to 31 December 2015. According to local press, the unit price of coal will be negotiated on an "arm's length" basis between the parties with regards to the prevailing market prices of coal and the quantity of coal will be decided according to the demand of CR Cement Group. |
Egypt: energy shortage stops cement factories06 December 2012, Published under Cement NewsA shortage of natural gas caused four plants belonging to Misr Beni Suef Cement Company to suspend operations for the second time in the last two months. The stoppage has uncured losses of EGP100m and threatens the redundancy of 7000 workers at the factories that produce up to 40,000tpd of cement. “The company has put in a request to President Mohammed Morsy to end the gas shortages, however it has not received a response,” said Farouk Mustafa, Misr Beni Suef Cement Company's managing dire... |
Oracle signs MoU with Thatta for coal supply, Pakistan12 November 2012, Published under Cement NewsOracle Coalfields PLC, the UK coal developer of a lignite mineral property located in the southeastern desert of the Sindh Province, Pakistan, signed a Memorandum of Understanding (MoU) with Thatta Cement Company Ltd for the proposed supply of coal from the mine that Oracle is developing in Block VI of the Thar Coalfield. The MoU, which is between Oracle’s 80 per cent-owned subsidiary Sindh Carbon Energy Limited and Thatta, will see Oracle supply dried coal to Thatta’s cement works. The rep... |
Sumitomo Osaka Cement to increase use of biomass, Japan08 November 2012, Published under Cement NewsJapan’s third largest cement producer by volume Sumitomo Osaka Cement Co plans to reduce its reliance on coal by using increased amounts of biomass, Senior Corporate Executive Officer Masafumi Nakao has said. “As an industry that consumes a lot of power, we need to take measures to promote energy conservation,” Mr Masafumi Nakao told Bloomberg. “Wood chips are now in the spotlight as a fuel source.” Using more biomass is one way Japanese companies are seeking to reduce GHG emissions afte... |
Egyptian cement companies to lose energy subsidies28 August 2012, Published under Cement NewsEgypt is to no longer provide subsidised energy to new cement plants, including the 14 new facilities for which licenses have already been issued, and plans to phase out subsidies to already-existing plants, the government has said. Hatem Saleh, minister of industry and external trade, told reporters at a press conference on Sunday that the government will not be responsible for providing subsidised energy to new cement factories adding that energy prices for existing cement plants would g... |
China: State Council plans to invest CNY2.366tn over 2011-15 on energy conservation23 August 2012, Published under Cement NewsChina plans to invest about CNY2.366tn (US$372.5bn) in projects for energy conservation and carbon-emissions reduction over the 2011-15 period, the State Council, said in a statement. The statement, which was issued to ministries and provincial-level governments on 6 August but only released to the public this week, didn't disclose the amount already invested or how much would be spent over the coming years. The projects supported by the investment will help save on 300Mt of standard c... |
Tanzanian production costs seen coming down, competition to increase08 August 2012, Published under Cement NewsCement production costs in Tanzania are expected to decline in the near future due to falling energy costs and improved supply. A study entitled “Equity Research Cement Sector Local Listed Companies” by Tanzanian Securities indicates that due to the expected entry of three new players, prices are also seen declining. "We see an improvement in energy supply, introduction of new sources of energy and stabilisation of energy prices in the country as a special opportunity for cement producers"... |
Holcim Philippines to construct waste heat facility06 August 2012, Published under Cement NewsHolcim Philippines will construct a waste-to-energy facility to reduce the demand for coal as a cement plant fuel in Davao City. Roland Van Wijnen, chief operations officer of Holcim Philippines, said that the facility will include structures and buildings which are aimed at storing more rice husks, identified as a viable fuel alternative for the cement plant. The plant consumes about 600t of coal to power its cement plant, and only about five per cent are alternative fuel. “Coal eats up... |
Energy price falls may increase 2H12 margins04 May 2012, Published under Cement NewsIndustry analysts predict a recovery in cement margins in 2H12 as a consequence of falling international energy prices and the continued strength in cement prices, as highlighted in last week’s newsletter. The squeeze on cement markers' profit margins was widely felt during 2011, driven in the main by rapidly-rising energy costs that impacted on companies' bottom lines. Key energy prices rose by over 40% in a six-month period during 2011. This week's 1Q12 financial reports show how much i... |