22 February 2022
Consortium involving Cimpor invests Euro100m in green hydrogen plant 22 February 2022
Portugal: Cimpor is participating in a consortium, led by power company Rega Energy, which plans to invest Euro100m in developing scalable green hydrogen production plant technologies. The consortium will deploy infrastructure for its upcoming Vale Hidrogénio Verde Nazaré (NGHV) green hydrogen plant by 2023, including a dedicated 40MW solar-powered electricity grid. It will commission its first green hydrogen plant by 2026, creating 140 new jobs. The consortium aims subsequently to scale up the plant to a renewable power consumption of 600MW. It hopes that, when fully commissioned, the NGHV plant will be a reference project for green hydrogen production.
Papua New Guinea: Mayur Resources has signed a collaboration agreement with First Graphene Limited for the production of low-carbon cement using the latter’s PureGraph graphene-based grinding aids and performance improvers. Mayur Resources operates a 0.9Mt/yr cement plant, where it also produces a further 0.75Mt/yr of clinker and 0.2Mt/yr of lime, near Port Moresby in National Capital District. The Australia-based partners hope to export their cement across Melanesia and to Polynesia and Australia.
Trinidad Cement workers protest outside Claxton Bay plant 22 February 2022
Trinidad & Tobago: Current and former employees of Trinidad Cement have held two-day weekly protests since 10 January 2022 outside the company’s Claxton Bay plant in Couva–Tabaquite–Talparo Region. Staff from the past 10 years reportedly say that the company owes them their agreed cost of living allowance, gain shares and backpay.
Kingspan Insulation to acquire Troldtekt 22 February 2022
Denmark: Cement and wood-based acoustic board producer Troldtekt has agreed to a takeover offer from Ireland-based Kingspan Insulation. The producer uses ordinary Portland cement (OPC) produced ‘from Danish mineral resources’ along with shredded Norway spruce to produce its boards.
Kingspan Insulation managing director Alan Lawlor said "I am delighted to welcome Troldtekt to the Kingspan family. As the global leader in high-performance insulation and building envelope solutions, we have the capacity to help them expand beyond their core markets, whilst bringing acoustic and decorative boards and natural insulation materials into our portfolio. Troldtekt has been able to continuously innovate and it sets the bar impressively high in the field of the circular economy.” He concluded "We will invest significantly in the company's production facilities to set them up for geographic growth."
Titan Cement completes buyback of 2.2% of shares 22 February 2022
Greece: Titan Cement has advised the Athens Stock Exchange (ATHEX) that it has bought back a total of 2.2% of its shares under its share buyback scheme between 14 and 18 February 2022. It made the purchases both through the ATHEX and the Euronext Brussels exchange.