Cement News tagged under: US
Breedon posts record revenue in 202306 March 2024, Published under Cement NewsBreedon Group has announced record revenue of GBP1487.5m (US$1893.5m) in 2023, up seven per cent from the GBP1396.3m seen in the previous year. EBIT over the same period declined two per cent from GBP148m to GBP145.7m, while profit before tax slipped one per cent from GBP135.8m to GBP134.4m. According to the company, the record revenue was due to improved pricing, which offset a two per cent reduction in volumes, reflecting the challenging macroeconomic conditions. In terms of volumes,... |
Sublime Systems to launch first cement plant10 January 2024, Published under Cement NewsUS-based Sublime Systems, a developer of low-carbon cement, has announced plans to build its first cement plant. The facility, located in Holyoke, Massachusetts, will have a production capacity of 30,000tpa and is expected to come on stream in 2026. According to the company, the plant will produce “the only fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete.” Sublime uses an electrochemical process that entirely bypasses the need for extreme heat, typica... |
Holcim US rebrand reaches Atlanta17 November 2023, Published under Cement NewsHolcim US has announced that the expansion of its rebrand has now touched down in Atlanta, Georgia, one of its major cement distribution markets. The transition will see the company refresh its branding and renew its commitment to sustainability as part of the global focus on becoming a net-zero company. With cement terminals in Cartersville, Duluth and Covington, Georgia, the rebranding initiative reinforces Holcim’s dedication to the Metro Atlanta area and Southern region, according ... |
Fortera appoints chief strategy officer13 September 2023, Published under Cement NewsUS-based cement decarbonisation specialist Fortera has appointed Kas Farsad as its chief strategy officer (CSO). According to the company, Mr Farsad will lead a multidisciplinary team focussed on forging commercial partnerships with cement and building industry leaders, overseeing Fortera’s policy and legislative efforts, as well as maximising the company’s carbon impact strategy. “In our acceleration to commercial-scale low carbon cement production, Kas has been instrumental in aligning in... |
CRH attracts new investors prior to US move17 August 2023, Published under Cement NewsCRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announced new or expanded American depository receipts (ADRs) in CRH. In total, hedge funds bought a net 7.53m ADRs in CRH in the three months up to 30 June 2023, reports Bloomberg. Among the investors are Soros Fund Management, owned by billionaire George Soros, which now holds ADRs worth around US$20m, and Seth Klarma... |
Monarch Cement posts increased net sales in 1H2315 August 2023, Published under Cement NewsUS-based The Monarch Cement Co has reported condensed consolidated net sales of US$121.94m in the first half of 2023, up from US$95.85m in the same period a year earlier. Gross profit over the same timeframe improved from US$28.21m to US$39.54m, while income from operations advanced from US$17.37m to US$28.31m. Monarch Cement is a US-based producer of Portland cement, primarily serving Kansas, Iowa, southern Nebraska, western Missouri, northwest Arkansas and northern Oklahoma. In the th... |
MIT study uses cement to produce supercapacitor01 August 2023, Published under Cement NewsA study by the Massachusetts Institute of Technology (MIT) has found that combining cement and carbon black, which resembles very fine charcoal, may form the basis for a novel, low-cost energy storage system. The technology could facilitate the use of renewable energy sources such as solar, wind and tidal power by allowing energy networks to remain stable despite fluctuations in renewable energy supply. According to the study, cement and carbon black can be combined with water to make a... |
C-Crete Technologies completes debut pour of cement-free concrete18 July 2023, Published under Cement NewsUS-based C-Crete Technologies has announced the inaugural pour of its breakthrough cement-free, ready-mix concrete in Seattle. According to the company, the concrete is essentially CO 2 -free and actually absorbs CO 2 from the air over time, with each tonne of C-Crete binder that replaces Portland cement preventing approximately 1t of CO 2 emissions. Around 60t of the new cement-free concrete have been used in the foundations of a project in Seattle to redevelop a 120-year old building. ... |
Brimstone carbon-negative cement meets ASTM standard18 July 2023, Published under Cement NewsUS-based climate technology company Brimstone has gained third-party certification of its carbon-negative cement, which the company says marks the first carbon-neutral or carbon-negative cement to meet one of the most commonly-used standards in the construction industry - ASTM C150. Instead of baking limestone, Brimstone has developed an alternative method for producing cement, starting with carbon-free silicate rock. Chemically extracting calcium oxide from silicate does not release C... |
US government invests US$135m in 40 carbon reduction projects20 June 2023, Published under Cement NewsThe US Department of Energy (DOE) has announced $135m in funding for 40 projects that will reduce carbon pollution from the industrial sector and move the nation toward a net-zero emissions economy by 2050. Decarbonising the US industrial sector is seen as an essential component of President Biden’s ambitious clean energy goals. "America’s industrial sector serves as the engine of the US economy, producing many of the products we rely on every day, but also produces a significant amoun... |