27 February 2024

Australia: CRH has concluded a deal to acquire the remaining 57% of shares in Adbri not owned by Barro Group for US$1.4bn.

CRH CEO Albert Manifold said “We are pleased to reach this important milestone in the potential acquisition of Adbri in partnership with the Barro family. Adbri is an attractive business with high-quality assets and leading market positions that complement our core competencies in cement, concrete and aggregates, while creating additional opportunities for growth and development for our existing Australian business. We look forward to working with the Barro family over the coming years to enhance the long-term growth and performance of Adbri.”

France: NeoCem plans to build a €50m clay calcination plant at Saint-Maximin, Picardy. The company recently raised €23m in investments in its Series A funding round. The Le Journal des Enterprises newspaper has reported that the Saint-Maximin plant will enter operation in 2025, and will subsequently grow to 200,000t/yr in capacity. NeoCem aims to employ 100 people by 2030.

Head of industrial deployment Guillaume Luu said “To be used in concrete, limestone must be heated for several hours at 1400°C. Our clay-based binder generates CO₂ emissions of 120kg/t, compared to almost 1000kg/t of limestone binder, and our technology can transform all types of clays available. The idea is not to open new quarries, but to give a second life to materials already on the surface." He continued “The up-cycling of clays and their transformation into a low-carbon binder addresses several challenges for the construction sector. On the one hand, the reuse of clay waste, and on the other hand, the decarbonisation of the building materials sector.”

Oman: 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.

Austria: Rohrdorfer’s proposed acquisition of a 49% stake in building materials producer Asamer has entered an extended review phase. The parties registered the deal with the Austrian Federal Competition Authority (BWB) on 10 January 2024. Due to competition concerns, the BWB applied to a court for an in-depth investigation on 21 February 2024.

Ireland/France: Ecocem will showcase its Advanced Cement Technology (ACT) at the Buildings and Climate Global Forum in Paris on 7-8 March 2024. The French Government and United Nations Environment Programme (UNEP) will host the event, supported by the Global Alliance for Buildings and Construction (Global ABC). It aims to advance the climate outcomes of the United Nations Climate Change Conference (COP28) in 2023. Ecocem joins global policy-makers, industry stakeholders and international organisations as the event’s sole international cement technology company exhibitor.

Managing director Donal O'Riain said "The Buildings and Climate Global Forum is happening at a crucial moment for the planet. Urgent and deep decarbonisation of construction materials is essential to achieving the 2015 Paris Agreement targets.” He continued “Ecocem’s ACT low carbon technology can decarbonise the cement sector on a trajectory consistent with 1.5°C of global warming, the first major industry sector to achieve this feat. But we must now mobilise resolutely, rapidly and globally to deploy this technology. The first ambition should be a 50% reduction in CO₂ emissions from cement by 2030. Technology is no longer the barrier."