Cement News tagged under: Weekly Newsletter
ANRAV CCUS project funding signing completed24 January 2023, Published under Cement NewsThe EU Innovation Fund Grant Agreement for Heidelberg Materials ’ pioneering CCUS project ANRAV has been officially signed in Brussels. ANRAV aims to be the first full-chain CCUS project in eastern Europe, eventually covering all steps from CO 2 capture, transport and geological CO₂ storage to CO₂ reuse. The EU Innovation Fund, one of the world’s largest funding programmes for innovative low-carbon technologies, will support Heidelberg Materials and PetroCeltic with around EUR190m, complem... |
UltraTech Cement Ltd posts consolidated net sales of INR152,990m in 3QFY2223 January 2023, Published under Cement NewsUltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 31 December 2022. Consolidated net sales totalled INR152,990m (US$1.88bn) compared to INR127,100m over the corresponding period of the previous year. Profit after tax was INR10,580m as compared to INR11,730m in the 3QFY21-22, resulting in subdued margins. Domestic grey cement sales volume rose 13 and 12 per cent QoQ, respectively. Energy and raw material costs were up 33 and 13 pe... |
USG freight market sees softening rates23 January 2023, Published under Cement NewsBy Brannvoll ApS, Denmark USG Supramax freight market sentiment throughout the month was about negative undertones due to a somewhat thinner cargo book. Rates for shipments from the region were softening with more tonnage entering the market and owners having to chase bids and discount if they want to cover. Demand levels were below average for the time of year, mainly due to the ongoing logistic issues in the Mississippi River, where low draught issues complicate barge traffic and slow d... |
Cementos Portland Valderrivas plans EUR5.48m Hontoria investment20 January 2023, Published under Cement NewsCementos Portland Valderrivas plans to invest EUR5.48m in the installation of a chlorine bypass at its plant in Hontoria , Palencia, Spain. The bypass will enable the plant to increase the use of alternative fuels and reduce its carbon emissions. While still awaiting final company sign-off, the project has been approved by the General Secretariat for Industry and will receive a subsidy of EUR0.54m. |
Colombian environment ministry recognises Argos carbon neutrality contribution19 January 2023, Published under Cement NewsColombia’s Ministry of Environmental and Sustainable Development has recognised cement producer Argos , part of Grupo Argos, as an active participant in the National Carbon Neutrality Programme. Through its participation in the programme, Argos commits to supporting Colombia’s target to reduce its greenhouse gas emissions by 51 per cent by 2030 when compared with the reference scenario, and to achieve carbon neutrality by 2050. One of the pillars of its commitment is the replacement of fo... |
Sagar Cements wins bid to acquire Andhra Cements18 January 2023, Published under Cement NewsSagar Cements Ltd has been named as the successful bidder to acquire Andhra Cements Ltd. The Committee of Creditors at Andhra Cements voted with a majority in favour of the resolution plan filed by Sagar Cements Ltd, said Andhra Cements in a regulatory filing. Andhra Cements operates two cement plants – the 1Mta Durga Cement Works in Dachepalli and the 0.6Mta Visaka Cement Works in Vishakapatnam – both of which are currently closed. This deal will not only boost Sagar Cement’s cement pr... |
Livetouch Investments to build its second Zimbabwe cement plant17 January 2023, Published under Cement NewsLivetouch Investments is building a second cement plant in Zvishavane, Midlands, Zimbabwe, to the tune of US$20m under the first phase of the project. The first phase of the cement plant will produce 200,000tpa upon completion between June-July 2024. Livetouch Investments, whose first cement factory is situated in Redcliff, Midlands, is presently producing 200,000tpa against an installed capacity of 340,000tpa. In an interview, the company's managing director, Kyle Wang, said the c... |
Heidelberg Materials places first sustainability-linked bond17 January 2023, Published under Cement NewsHeidelberg Materials successfully placed its first sustainability-linked bond (ISIN XS2577874782) with an issue volume of EUR750m and a term until 2032 via HeidelbergCement AG as part of the EUR10bn European Medium Term Note (EMTN) programme. The company had already announced the issue of a bond linked to sustainability criteria at its Capital Markets Day 2022. Interest on the bond is linked to the development of specific CO₂ emissions per tonne of cementitious material up to 2026 as we... |
CEMEX launches Bio-sourced admixture range16 January 2023, Published under Cement NewsCEMEX has launched of a new range of bio-sourced admixtures designed for a reduced carbon footprint. These admixtures use natural, renewable and locally-sourced raw materials and may achieve a carbon footprint up to 70 per cent lower than traditional oil-based admixtures. Thanks to a unique production process, CEMEX’s admixtures are the first in the building materials industry to deliver these attributes while utilising bio-based raw materials, claims the company. The new range of admixtu... |
US market expands in October 202212 January 2023, Published under Cement NewsShipments of Portland and blended cement, including imports, in the USA and Puerto Rico increased by 8.8 per cent YoY to 10.7Mt in October 2022, according to the US Geological Survey (USGS). The top five cement-consuming states were Texas, California, Florida, Illinois and Ohio. They received 36.5 per cent of October shipments.The leading producing states were Missouri, Texas, California, Michigan and Florida – they accounted for 39.1 per cent of cement produced. Masonry cement shipments t... |