September 2024
Cemex launches Green Financing Framework 29 June 2022
Mexico: Cemex has launched a Green Financing Framework. The framework is intended to allow the building materials producer to issue green financing instruments aligned with the International Capital Market Association (ICMA) Green Bond Principles and the Loan Market Association Green Loan Principles. Under the Framework, Cemex intends to allocate the net proceeds from the issuances to finance eligible green projects in areas such as CO2 emissions reduction, clean electricity and energy efficiency, clean transportation, water management, air quality, circular economy and waste management. The framework reflects the roadmap and objectives of Cemex's climate action program, Future in Action. Cemex says it is the first of its kind in the building materials sector.
“After launching our Sustainability-Linked Financing Framework in 2021, it is only natural for us to build on that initiative with additional sustainable finance innovation in the form of the Green Financing Framework, that will enable the building of a more resilient future for all,” said Maher Al-Haffar, Cemex's Chief Financial Officer (CFO) and founding member of the United Nations Global Compact CFO Coalition for the Sustainable Development Goals.
Maweni Limestone joins the World Cement Association 29 June 2022
Tanzania/UK: Maweni Limestone has joined the World Cement Association (WCA) as a Corporate Member. The cement producer is based in Tanzania and it has a production capacity of 1.5Mt/yr. In 2020 it was acquired and reconstructed by China-based Huaxin Cement.
“We are delighted to welcome Maweni Limestone among our membership, as one of WCA’s key ambitions is to more effectively engage emerging-market players across the global cement ecosystem” explains Ian Riley, the chief executive officer of the WCA.
South Africa: PPC’s full-year consolidated sales were US$624m in the 2022 financial year, which ended on 31 March 2022, up by 11% year-on-year from US$561m in the 2021 financial year. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 6.9% to US$94.5m from US$101m. During the year, the group reduced its debt by 55% to US$63m from US$139m.
The group noted high cement demand across its markets in the 2022 financial year, including a sales volumes increase of 28% year-on-year in Zimbabwe. It also noted a 19% year-on-year increase in South African cement imports, mainly from Vietnam, which constituted 10% of sales in the 2022 financial year. PPC said that it will ‘immediately make additional capacity available’ to capture the increased demand through the rest of 2023 financial year.
US: A team from the University of Colorado Boulder (UCB) has developed a carbon-neutral alternative cement from biogenic limestone. The limestone comes from farmed cocolitophores, which capture CO2 as they grow.
The UCB scientists collaborated with colleagues from the University of Carolina at Wilmington and the National Renewable Energy Laboratory on the project. Their work has received US$3.2m in US Department of Energy funding.
This news story has been corrected to include the correct name of the University of Colorado Boulder
Dalmia Bharat Refractories to export to new markets 28 June 2022
India: Dalmia Bharat Refractories plans to launch its cement refractory products in new export markets. Chemical Industry Digest has reported that the company aims to achieve a turnover of US$191m in the 2023 financial year, and to launch a 3 – 4 year US$38.1 capital expenditure investment package. The supplier currently exports some refractories to Canada, Kenya, Morocco, Nigeria, Spain and West Asia.
Managing director and CEO Sameer Nagpal said “We have started some trials in Germany, before we turn regular suppliers and tap deeper into the export market.” Nagpal said that the company would also target other markets in Asia, Africa and Europe. He concluded “We are looking to gain a greater share of the customer’s wallet in these markets and in India.”
India: Protestors have halted mining operations at JSW Cement’s Khatkurbahal mine in Odisha, which serves the company’s Sundargarh cement plant. The New Indian Express newspaper has reported that the protestors accuse the company of mining and dumping overburden on neighbouring agricultural land, damaging properties with debris from blasts, drying up six wells and creating excessive dust pollution. The protestors also complained that the mine has failed to create new jobs for local people.
Nevada Department of Transportation approves Portland limestone cement for road projects 28 June 2022
US: The Nevada Department of Transportation has approved the use of Portland limestone cement (PLC) for road construction and repairs. The department expects the move to reduce CO2 emissions by 4000t/yr. It uses 45,000t/yr of cement in its projects. Local press has reported that transport contributed 35% of Nevada’s CO2 emissions in 2022, making it the largest single source.
Somaliland: MSG Group of Companies through its DIFC Dubai based subsidiary company Horn Holding Group ltd (HHG) has signed an agreement with Bedeschi SPA Italy for the construction of phase 1 of a full cement plant in Berbera, Somaliland. Phase 1, a grinding unit, will take about 18 months and will have production capacity of 0.7Mt/yr. The project has also achieved financing from reputed Italian Financial Institutions. The complete full plant project shall take three years to complete with a production capacity of 1.2Mt/yr of cement and 1.0Mt/yr of clinker.
This article replaces an earlier version that erroneously stated that Raysut Cement was also involved in the project. MSG Group and Global Cement would like to make it clear that MSG Group is the 100% owner of this project.
Morocco: Holcim subsidiary LafargeHolcim Maroc has released information about its 1.6Mt/yr Agadir cement plant in Souss-Massa Region. The producer invested US$299m in the plant’s construction and it has been operational since late 2021. The plant is highly automated in line with Holcim’s Plants of Tomorrow strategy. It will run off wind power from 2023, and also uses alternative fuel (AF). 200 people work at the plant.
In conjunction with its work in setting up the new cement plant, LafargeHolcim Maroc developed drinking water networks in the surrounding area, including the construction of three solar-powered water towers.
Germany: HeidelbergCement has joined EPEA’s Heidelberg Circular City Building Material Registry pilot project. The initiative uses EMEA’s Urban Mining Screening digital registry, which is able to estimate the composition of buildings based on building data. HeidelbergCement says that it will enable it to source construction and demolition waste for circular economic use in building materials production. This will support its ReConcrete 360° recycled concrete CO2 reincorporation project, among other projects. The initiative will turn Heidelberg into Europe’s first Circular City.
“Full circular economy and sustainable construction are central elements of our climate strategy,” said HeidelbergCement chair Dominik von Achten. “We are focusing on the life cycle assessment of our product concrete, including the processing of demolished concrete, and returning it to the construction cycle. By 2030, we want to offer circular alternatives for half of our concrete products.” Von Achten concluded “Together with the city of Heidelberg, also a pioneer in the area of climate protection, we want to use the Circular City project to demonstrate the enormous potential of concrete recycling for future urban construction.”