Displaying items by tag: Port
Omran White Cement Company to establish US$2.6m cement facility at Suhar Industrial City
27 February 2024Oman: Omran White Cement Company plans to build a new cement “facility” at Suhar Industrial City, Al Batinah North Governorate. The Times of Oman newspaper has reported that project will command an investment of US$2.6m. Given the price tag, the upcoming facility may be for the distribution and storage of cement, or of raw materials for cement production. Suhar Industrial City is situated within 15km of Sohar port. Omran White Cement Company’s project is one of four recently announced in Suhar Industrial City, with a combined value of US$44.2m.
UK: Aggregate Industries is preparing to build a new cement storage unit for deep sea shipping lines at the Port of Southampton. As part of a 20-year agreement, Aggregate Industries will be working with port owner Associated British Ports and industry-leading cargo handler Solent Stevedores, which will operate the new cement import unit. The site is intended to help the business maintain a continuous supply of lower CO2 cementitious products in the south and south west of England.
Matt Owen, Head of Supply Chain at Aggregate Industries Cement Division said “This is a significant project for us. It constitutes the first stage in a wider programme of planned investments over the short to medium term in deep sea imports designed to enable us to serve growing demand.” He continued, “The southern construction market remains buoyant with lots of major projects in the pipeline this year and beyond. Constituting one of the few deep-sea vessel facilities of its kind in the region, this facility will enable us to remain primed and ready to meet our customers rising demand for lower carbon solutions.”
JSW Group to build 10Mt/yr cement plant in Odisha
19 February 2024India: JSW Group’s new upcoming cement plant in Odisha will have a capacity of 10Mt/yr, the Hindu Business Line newspaper has reported. The plant will be situated in an upcoming steel complex, complete with a 900MW power plant and a 52Mt/yr port.
JSW Group’s cement subsidiary JSW Cement operates 19Mt/yr in installed capacity across Andhra Pradesh, Karnataka, Maharashtra, Odisha and West Bengal. The producer plans to invest US$2.17bn to more than triple its capacity to 60Mt/yr by 2028. It has reportedly entered talks with financial institutions to raise US$723m through an initial public offering (IPO). JSW Group has invested US$3.61bn in Odisha to date, and is committed to investing
US$7.83bn there.
Aker Solutions secures contract for Oslo CO2 terminal
15 February 2024Norway: Aker Solutions has won a front-end engineering and design (FEED) contract to develop Hafslund Oslo Celsio’s Port of Oslo CO2 terminal. The unit will facilitate the transport of CO2 to the Øygarden Northern Lights site under the Longship carbon capture and storage (CCS) initiative. The initiative involves Heidelberg Materials Northern Europe’s Brevik cement plant.
Aker Solutions’ executive vice president, new energies, Henrik Inadomi said “At Aker Solutions, we have a growing track record in supporting our customers across the entire CCS value chain. From capture and transportation to permanent storage, we provide innovative solutions and work with leading partners to support CCS developments across the globe. We are committed to building on this expertise and further strengthening our relationship with Celsio. We are proud to have engineered a cost efficient and effective layout which enabled Celsio to proceed with the next phase of this landmark development.”
Cemex UK to build shore power system at Shoreham Port
06 February 2024UK: The UK Department for Transport has awarded Cemex UK a grant of just under Euro2m to build a shore power system for its maritime logistics operations at Shoreham Port in West Sussex. The system will enable the company to eliminate on-board diesel engine use during marine aggregate discharges. It will incorporate battery energy storage and solar power generation to provide constant power, whilst simulating fluctuating power demands. Cemex UK will now work with automation specialist Iconsys and the University of Warwick to deploy a demonstration system, which will run from April 2024 until April 2025.
Cemex West Europe materials operational excellence and business development director Laurence Dagley said "Our initial feasibility study for this shore power system identified an opportunity to save a significant amount of CO2 during each dredger discharge, while also improving local air quality at the port itself. We are, therefore, pleased to have received this funding to progress to the next stage of the project and undertake on-site demonstration."
Ambuja Cements completes acquisition of stake in Sanghi Industries
06 December 2023India: Ambuja Cements has completed its acquisition of a 54% stake in Sanghi Industries for an enterprise value of US$622m. It has funded the purchase through internal accruals. Following the acquisition, Ambuja Cement’s parent company, Adani Group, now has a cement capacity of 75Mt/yr, up by 9% from 69Mt/yr. It has also gained 1Bnt of limestone reserves.
Ambuja Cements said that the transaction would allow it to accelerate its coastal strategy in the west of the country with the aim of reaching a regional cement production capacity of 15Mt/yr. It intends to expand the captive port at the Sanghipuram cement plant to accommodate larger vessels to target markets in Gujarat, Maharashtra, Karnataka and Kerala by 2026. Debottlenecking, fuel mix changes and solar and wind projects are also being considering at the site.
ABG Shipyard seeks buyer for Vadraj Cement
17 November 2023India: ABG Shipyard plans to sell Vadraj Cement, which owns a decommissioned clinker unit and grinding unit, as well as quarries and a jetty, in Kutch, Gujarat. The National Company Law Tribunal took over winding up proceedings for the former cement producer in September 2023. The Economic Times newspaper has reported JSW Cement, Adani Group and steel producer ArcelorMittal Group as potential buyers for the business. It expects Vadraj Cement to attract a price of US$240 – 300m, against debts of US$841m.
JSW Infrastructure to build US$495m port of Keni
17 November 2023India: JSW Group subsidiary JSW Infrastructure has won a contract to build a new deep-water port at Keni in Karnataka on a public-private partnership (PPP) basis. India Blooms News Service has reported that the port will support export terminals for local cement plants and limestone mines, alongside other industries.
Holcim to acquire Élite Cementos
26 October 2023Spain: Switzerland-based Holcim has concluded a deal to acquire Élite Cementos from Grupo Simetría and other shareholders. Élite Cementos operates a grinding plant at the Port of Castellón in Castellón de la Plana, Valencia. Holcim said that its acquisition of the business will unite the latter’s local brand recognition with its own experience and vision of sustainable growth.
The group said “With this agreement, Holcim expands its geographical presence, responding to the increasingly demanding and specialised needs of the sector. The Élite Cementos team joins the Holcim family to continue together an era of growth and transformation of the construction sector.”
India: Ambuja Cements has concluded a deal to acquire a 57% stake in Sanghi Industries for US$202m. Reuters has reported that the company has offered to subsequently increase its stake in Sanghi Industries to as much as 83% for up to US$295m in total. It will fund the acquisition of any stake through internal accruals. Sanghi Industries operates the 6.1Mt/yr Sanghipuram cement plant, which is equipped with a 130MW captive power plant and a 13MW waste heat recovery (WHR) plant. The cement plant, in Gujarat, also has a single-jetty port on the Arabian Sea coast. Ambuja Cements' parent company Adani Group plans to more than double the Sanghipuram cement plant's capacity to 15Mt/yr.
Adani Group chair Gautam Adani said “By joining hands with Sanghi Industries, Ambuja is poised to expand its market presence, strengthen its product portfolio and reinforce its position as a leader in the construction materials sector. With this acquisition, Adani Group is well on course to achieve its target of 140Mt/yr of cement manufacturing capacity by 2028 ahead of time.”