Cement News tagged under: Renewable Energy
Lafarge Cement Polska commits to renewable energy14 April 2023, Published under Cement NewsLafarge Cement Polska has joined forces with KGAL Investment Management, an asset manger in the Polish renewables market, to establish two onshore wind farms, known as Krasin and Rywald. The farms, which are owned by KGAL ESPF 4 renewable energy fund, will supply the cement producer with around 230GWh of green electricity each year. The Krasin wind farm was acquired by KGAL ESPF 4 in May 2020 as a development project. The 35MW site has been producing green electricity since 2022, accor... |
Mannok Cement secures Green Energy funding12 April 2023, Published under Cement NewsMannok Cement , located in Fermanagh, is one of two companies in Northern Ireland to secure funding in a new GCP240m (US$298.4m/EUR273.4m) UK Government Green Energy Scheme. The funding will support Mannok in the first vital phase of its energy transformation programme. The first phase of the programme, which the funding will support, is the generation of onsite green hydrogen (H 2 ), a more sustainable, zero-emission fuel created using renewable energy, to replace the use of diese... |
Adani Group investment to soar12 January 2023, Published under Cement NewsThe Adani Group will invest over INR600,000m (US$7.4m) in a number of sectors in Madhya Predesh that would create thousands of jobs. This would reshape the economy of several districts in the state, said Pranav Adani, director at Adani Enterprises, at the seventh Madhya Predesh Global Investors Summit. Currently, the group has investments of close to INR275,000m in sectors such as power generation and transmission, gas distribution, cement manufacturing and agro processing, among other... |
Holcim US runs 38 per cent of production from wind power30 December 2022, Published under Cement NewsHolcim US has signed a virtual PPA with the Electric Reliability Council of Texas (ERCOT) for renewable energy generation, according to a report from Euromoney. The ERCOT VPPA reports mean at least 38 per cent of Holcim's total energy consumption at their production units in Texas now comes from wind generation, as the company moves ahead with its decarbonisation strategy. By 2030, Holcim wants to run all its US businesses entirely on renewable energy. |
Cement sector fuels Indian M&A record21 October 2022, Published under Cement NewsAdani Group ’s acquisition of Ambuja Cements and ACC has contributed to a new record in merger and acquisition (M&A) activity in India. According to data by Refinitiv, the value of M&A deals in India has risen by 58 per cent YoY to US$158bn in the first nine months of 2022, coming in higher than the full-year total in both 2018 and 2021. The nine-month period saw 1795 M&A deals being struck, up 21 per cent YoY, marking another record according to Mint. Analysts believe India could soon ... |
UltraTech Cement decreases CO2 intensity by 9% in FY2021-202227 July 2022, Published under Cement NewsUltraTech Cement ( Aditya Birla group ) has released its 2021-22 Sustainability Report. The company claims that in FY2021-2022 it decreased its CO 2 intensity by 9.1 per cent at 551.86kg CO 2 /t of cementitious materials produced. This resulted in achieving 15.1 per cent of Scope 1 intensity target against the target of 27 per cent reduction target by 2032 from the 2017 baseline. Greenhouse gas emissions totalled 195kg CO 2 /m 3 for concrete production. UltraTech Cement now has a re... |
Kohat Cement plans a 10MW solar power plant in Punjab14 July 2022, Published under Cement NewsKohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the Board of Directors of the company has approved the setting up of 10MW solar power plant at its Kohat cement plant, in northern Punjab, says CEO, Nadeem Atta Sheikh. The company’s Board of Directors has also re-appointed Aizaz Mansoor Sheikh as chairman and Nadeem Atta Sheikh as CEO for three years. Financial performance Total dispatches for July-March 2021-22 stood at 2.85Mt compared 1.75Mt in the corre... |
Lucky Cement plans Karachi renewable energy project13 June 2022, Published under Cement NewsLucky Cement Ltd has informed the Pakistan Stock Exchange (PSX) that the Board of Directors of Lucky cement, in its emergent meeting on 11 June 2022, has authorised the management of the company to undertake a feasibility study for a renewable energy project at its cement plant in Karachi, including wind and solar power. General Manager Finance and Company Secretary of Lucky Cement, Faisal Mahmood, in a bourse filing, stated that the Lucky Cement was one of the earliest cement companies... |
PPC Cement Zimbabwe announces solar investment03 May 2022, Published under Cement NewsPPC Cement Zimbabwe has announced a US$40m solar power investment for its Bulawayo and Colleen Bawn plants to support the company’s energy requirements and help reduce gas supply in the country. The planned projects are expected to have a combined output of 30MW, ow which 17MW will be for internal consumption and the excess to be fed to the national grid, according to a report in the Chronicle. The Bulawayo facility will set up a 10MW plant (set to over over 22ha of land), with 5MW plan... |
Opterra orders 300GWh for renewable energy21 April 2022, Published under Cement NewsStatkraft, Europe's largest producer of renewable energy, has signed a further power purchase agreement (PPA) with Opterra , one of Germany's leading cement manufacturers, on the supply of renewable power from onshore wind and solar power. It follows a wind power PPA agreed in 2021 and enables Opterra to further transition its plant operations to a renewable energy supply. Opterra ( CRH group) is adding a further 300GWh of renewable power supplied by Statkraft to its plants in Karsd... |