Displaying items by tag: Electricity
Borneo Cement Sabah to inaugurate Nabawan cement plant in 2024
20 February 2024Malaysia: Borneo Cement Sabah expects to commission its US$417m integrated Nabawan cement plant later in 2024. The project additionally involves the construction of energy, road and water infrastructure. Malay Mail Online News has reported that Borneo Cement Sabah is a joint venture of Setia Alam and state-owned Sabah Economic Development Corporation, with investment from China National Building Material subsidiary Sinoma.
General manager Michael Kinsuan said that Borneo Cement Sabah will hire 1000 workers for the plant.
Cemex and Orcan Energy extend waste heat recovery partnership
15 February 2024Mexico/Germany: Cemex and waste heat recovery (WHR) systems developer Orcan Energy plan to scale up WHR technologies supplied by Orcan Energy at multiple Cemex sites globally. This new multi-site portfolio approach extends an existing partnership, through which the companies trialled Orcan’s systems for electricity generation at Cemex Deutschland’s Rüdersdorf cement plant in Germany.
Cemex’s Europe, Middle East, Africa and Asia regional president Sergio Menéndez said “We already have an initial collaboration with Orcan. Based on the modularity of their solution, Orcan offers the flexibility of both installation and contracts. Thanks to this crucial flexibility, we can adapt to any upcoming changes in our plants. The approach enables us to reduce carbon emissions right now without limiting ourselves in implementing any future technologies such as carbon capture, utilisation and storage. This partnership will help us achieve our sustainability targets and contribute to our aim to use all available heat.”
Orcan Energy’s chief executive officer Andreas Sichert said “We are looking forward to entering this large-scale decarbonisation partnership with Cemex after our initial cooperation in Germany. This step is a testament to Cemex’s forward-looking strategy and the company’s commitment to achieving net zero. For Orcan Energy, this is another milestone in scaling the business internationally with global enterprises. We are proud to be the partner of choice for the cement industry. Our large footprint across the industry shows the economic capability and the technical excellence of our modular and flexible solution, especially in view of uncertain future economic and regulative developments.”
Cementos Alfa’s Mataporquera cement plant secures renewable energy supply from Capital Energy
06 February 2024Spain: Capital Energy has won a contract to supply renewable energy to Cementos Alfa’s Mataporquera cement plant in Cantabria. The energy company will supply 80,000MWh/yr to the subsidiary of Cementos Portland Valderrivas under the contract, initially from five local wind farms. The contract takes the form of long-term power purchase agreement (PPA), under a self-consumption scheme with surpluses.
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."
Monarch Cement and Evergy Energy Solutions to build 20MW solar power plant at Humboldt cement plant
02 February 2024US: Monarch Cement and Evergy Energy Solutions plan to build a 20MW solar project in Humboldt, Kansas. The project is scheduled to commence in early 2024, and will serve as a ‘benchmark for integrating renewable energy in business operations,’ according to the partners.
Monarch Cement president Kent Webber said “The board of directors and management of Monarch Cement are extremely excited about this win-win venture, where we are making a giant movement toward achieving our 2050 carbon neutrality goals, being socially responsible and providing a more than significant return on investment to our shareholders." He added "Evergy Energy Solutions has done an incredible job of leading and providing solutions at every obstacle. We couldn't be happier with Evergy Energy Solutions’ performance, professionalism and command of the subject."
India: Sagar Cements recorded sales of US$80.5m in the third quarter of the 2024 financial year, up by 16% year-on-year from US$69.3m during the corresponding quarter of the previous financial year. Cement sales volumes rose by 14% year-on-year. The Hindu BusinessLine News has reported that the growth allowed Sagar Cements to reduce its net losses by 57%, to US$1.22m.
Managing director Sreekanth Reddy said “Favourable prices prevailed in our key markets. As far as EBITDA and margins are concerned, we observed a significant enhancement on a per-tonne basis, consistent with our earlier projections.” Reddy added “We anticipate this positive trend to persist in the future, supported in part by higher utilisation levels of recently-acquired units and strategic initiatives aimed at promoting the use of green power, alternative fuels and the deployment of electric trucks and wheel loaders.”
Saudi Arabia: Najran Cement has informed investors via a posting on the Saudi Exchange that it expects its cost of sales to rise by 13%. This is due to an increase in the price of fuels by its supplier Saudi Aramco. The cement producer noted that the waste heat recovery (WHR) system installed at its Najran cement plant has partly reduced the anticipated impacts on costs.
Najran Cement said “The company will work during the coming period to explore ways to reduce the financial impact of this adjustment on the company’s profits and will continue to implement its plans to reduce costs and improve production and operating efficiency. It will also work with government agencies to explore ways to diversify energy sources.”
Votorantim Cimentos and Atlas Renewable Energy partner to build 470MW solar power plant
16 January 2024Brazil: Votorantim Cimentos and Atlas Renewable Energy have launched a joint venture to build a 470MW solar power plant in Paracatu, Minas Gerais. Additionally, the parties signed a power purchase agreement (PPA) for the supply of 100GWh/yr of solar energy for Votorantim Cimentos' cement plants between 2026 and 2041. The moves align with the producer’s aim to achieve 75% renewable energy reliance in its operations.
Iraq: Al-Riyadh Investment Companies Group subsidiary Al-Douh Iraqi Company for Cement Industries plans to expand its Al Douh cement plant’s capacity by 58% to 3Mt/yr. The expansion is part of an upgrade involving the installation of a new kiln, a gas-fired captive power plant and a new waste heat recovery (WHR) plant. The WHR plant will provide 30% of the plant’s energy. The US-based International Finance Corporation (IFC) has loaned Al-Douh Iraqi Company for Cement Industries US$130m on a long-term basis for the project.
The IFC says that it expects the Al Douh cement plant expansion to help boost economic diversification, spur sustainable growth in Iraq and generate 2700 new jobs in Muthanna Governorate.
UltraTech Cement to acquire 26% stake in Amplus Ages
12 January 2024India: UltraTech Cement has concluded a deal to acquire a 26% stake in renewable energy provider Amplus Ages. ET Infra News has reported the value of the deal as US$5.91m. The parties expect the deal to complete within 180 days of its execution.
The cement producer, a subsidiary of Aditya Birla, said "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy costs and complying with regulatory requirements for captive power consumption."