Displaying items by tag: GCW379

US: LafargeHolcim plans to build three wind turbines at its Paulding cement plant in Ohio to power the unit. Jamie M Gentoo, chief executive officer (CEO) of US cement operations, said that using distributed wind energy at the plant would be a first for the company in North America.

Constructing turbines will begin in December 2018 in partnership with One Energy. The three Paulding turbines are expected to generate more than 12MkWh/yr and should eliminate the equivalent of more than 9000t/yr of CO₂.

As part of a community outreach project in conjunction with the turbine build, LafargeHolcim will create three US$5000 Megawatt Scholarships (one per turbine for a total of US$15,000/yr) to be awarded each year the turbines are in operation. The Megawatt Scholarships will be awarded annually to local high school graduates pursuing a two-year or four- year STEM (science, technology, engineering and mathematics) degree. Additionally, One Energy will pay US$27,000/yr annually in local property taxes.

Egypt: The Egyptian Chemical Industries Company (Kima) plans to sell the land belonging to National Cement within the next year. Chief executive officer (CEO) Emad el-Din Mostafa said that the bankrupt cement producer owns over 300 hectares of land, according to Arab Finance. Selling the assets is part of the Ministry of Public Business Sector’s strategy to pay the former cement producer’s debts including worker salaries. The sale is expected to generate up to US$39m.