Cement News tagged under: western Europe
WHR testing begins at Secil30 August 2023, Published under Cement NewsThe CTP Team waste heat recovery (WHR) system being installed at Secil , Portugal, has entered the testing phase with each piece of equipment being individually checked prior to commissioning and start-up. According to the company, the fans of the air-to-air heat exchanger have been tested using a temporary power source. The 7.2MW WHR system integrates three different heat sources to generate electricity: AQC boiler, PH boiler, and solar field. The system features a 15,172m 2 total heat... |
Cemfree Masonry Mortar used in ExCel expansion25 August 2023, Published under Cement NewsCemfree Masonry Mortar, an ultra-low carbon construction material, is set to be used on its first major project, the expansion of the ExCeL London, saving over 11,000kg of CO 2 e. McLaren Construction and Lyons & Annoot specified just over 100t of Cemfree Masonry Mortar for the internal blockwork. Now it is Cemfree Masonry Mortar’s largest project application yet. The UK’s first mortar entirely free of Portland cement (PC), this alternative offers a remarkable reduction in carbon emiss... |
FLSmidth completes KOCH Solutions purchase agreement24 August 2023, Published under Cement NewsFLSmidth & Co A/S has announced that all conditions and requirements regarding the previously announced Asset Purchase & Transfer Agreement between FLSmidth and KOCH Solutions have been met. The agreement involves a mix of intellectual property, order backlog, employees and facilities that are part of FLSmidth’s non-core activities (NCA) segment. In accordance with the agreement, the closing of the transaction is set to take place on the first day of the calendar month after which the clo... |
CRH boss third-highest paid CEO on the FTSE10023 August 2023, Published under Cement NewsThe CEO of Irish building materials giant CRH, Albert Manifold, has been ranked as the third-highest paid chief executive on the FTSE 100, according to a new report by the High Pay Centre. Mr Manifold was paid GBP10.38m (EUR12.1m/US$13m) last year for his role as chief executive of CRH , a position which he has held since 2014. His pay for 2022 was surpassed by only two other chief executives. The news comes as CRH is set to move its primary stock market listing to New York from London n... |
PCA announces 2023 Energy and Environment Award winners21 August 2023, Published under Cement NewsThe Portland Cement Association (PCA), which represents the majority of America’s cement manufacturers, has announced the winners of its 2023 Energy and Environment Awards. PCA Energy and Environment Awards are given to companies that have implemented outstanding environmental practices and have forged exemplary relationships with communities where their cement plants are located, says the PCA. Submissions from plants across the US were evaluated and recognised for environmental effort... |
European Commission adopts rules governing CBAM18 August 2023, Published under Cement NewsThe European Commission (EC) has adopted the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which starts on 1 October of this year and runs until the end of 2025. The Implementing Regulation published on 17 August 2023 details the transitional reporting obligations for EU importers of CBAM goods, as well as the transitional methodology for calculating embedded emissions released during the production process of CBAM goods.... |
UK Government announces new AI funding for carbon intensive sectors18 August 2023, Published under Cement NewsThe UK government has announced GBP3.75m (US$4.78m) in new funding for artificial intelligence (AI) solutions to accelerate industrial decarbonisation across the country. Twelve green AI initiatives will receive a share of GBP1m to decarbonise and boost the generation of renewable energy, contributing to the country’s net zero goal by 2050. A further GBP2.25m has been allocated to support further AI innovations, with the aim of cutting emissions specifically in energy sectors. In addition... |
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... |
MPA appoints director for energy and climate change17 August 2023, Published under Cement NewsThe UK-based Mineral Products Association (MPA) has appointed Dr Diana Casey as executive director for energy and climate change, including heading up the MPA’s product groups for cement and industrial lime. She takes over from Dr Pal Chana, who continues to provide support as a special advisor to the MPA. In her new position on the MPA’s executive team, Dr Casey will play a key strategic role in the sector’s acceleration towards net zero carbon, advocating for better government policy to... |
FLSmidth reports 28% revenue increase in 1H2316 August 2023, Published under Cement NewsFLSmidth has reported revenue of DKK12,415m (US$1822m) in the first half of 2023, compared to DKK9733m in the same period a year earlier. EBITDA fell from DKK770m in the 1H22 to DKK737m in the 1H23, while profit over the same timeframe declined from DKK257m to DKK202m. Cement revenue advanced nine per cent YoY to DKK3252m in the 1H23, while the mining business saw its revenue expand by 26 per cent YoY to DKK8536m. The first half of 2023 saw the company report a total order intake of 11,155... |