Displaying items by tag: Government
Russia: Cementum is preparing to upgrade the grinding capacity at its integrated Ferzikovo cement plant in Kaluga region. The US$40m project will add 0.3Mt/yr of grinding capacity to the plant. Other planned developments include building a dry building materials unit and a concrete plant. Maxim Goncharov, the general director of Cementum and Vitaly Bogachenko, the Director of Corporate Relations and Sustainable Development of Cementum, met with Vladislav Shapsha, the governor of the Kaluga Region, in mid-June 2023 at the St Petersburg International Economic Forum to discuss development in the region. Holcim’s divested Russian business rebranded as Cementum in early 2023.
Cemros’ Serebryansky cement plant switches to gas
28 June 2023Russia: Cemros’ integrated Serebryansky cement plant in Ryzan region has switched to using gas as a fuel. The project was conducted with Gazprom and the regional government, including linking the site up to the gas network with a 14km pipeline. CO2 emissions at the plant are expected to decrease by up to 17% and electricity consumption by 4%. The 1.8Mt/yr plant used around 200,000t/yr of coal before starting the switch to gas from March 2023.
Ethiopia: Derba MIDROC Cement is reportedly ready to sign a contract with China National Building Material (CNBM), for the latter to commence construction of Derba MIDROC Cement's 2.74Mt/yr Mughar Valley cement plant in Oromia. The producer said that it expects to invest US$500m in the project, 30% higher than its previous estimate of US$385m. Addis Fortune has reported that Derba MIDROC Cement now believes there to be adequate energy infrastructure to support the plant, following China-based Sinohydro's construction of a new US$12m power line from nearby Chanco.
When commissioned, the plant will double Derba MIDROC Cement's capacity and create 3000 new jobs in Oromia. The producer also hopes to ease the ongoing national cement shortage. The Ministry of Mines recorded domestic production of 7.6Mt in 2022, against demand of 36Mt.
US Attorney probes Adani Group investor statements
27 June 2023India/US: The US Attorney's Office has requested that large Adani Group shareholders submit correspondence from the group. Reuters has reported that the office is investigating representations made by India-based Adani to its US investors, following fraud allegations by US-based short-seller Hindenburg Research.
An Adani Group spokesperson said "We are not aware of any such subpoena to investors."
Shree Cement denies US$2.8bn tax fraud
26 June 2023India: Shree Cement has rejected findings by the government's Income Tax Department of tax fraud worth US$2.8bn. NDTV News has reported that the producer's alleged financial mismanagement resulted in losses of up to US$170m/yr for national and state governments. The mismanagement reportedly included the use of forged documents. Authorities conducted a second set of searches at company sites in Rajasthan during the week ending on 25 June 2023, following preliminary searches on 21 June 2023.
Shree Cement said "The company's management team is available and extending full cooperation to the officials. The information as required by the officials is being made available."
India: Tamil Nadu Cement Corporation plans to rehabilitate limestone mines which serve its 500,000t/yr Ariyalur cement plant in Tamil Nadu. The state's Minister for Industry Thalikottai Rasuthevar Baalu Rajaa said that the state-owned producer will plant saplings to start the restoration.
The Hindu newspaper has reported that Rajaa and other ministers of the Tamil Nadu government visited the Ariyalur cement plant on 25 June 2023.
Uruguayan government invites bids for ANCAP
22 June 2023Uruguay: The government has tendered for offers to acquire state-owned Administración Nacional de Combustibles, Alcohol y Portland (ANCAP). The Caras y Caretas newspaper has reported that the board of directors approved the tender on 18 May 2023. The tendering process will run until 11 July 2023, and any resulting privatisation will require ratification by parliament.
ANCAP operates two 300,000t/yr integrated cement plants.
The tender can be viewed here.
UK lime sector commits to net zero by 2040
22 June 2023UK: Mineral Products Association Lime (MPA Lime), the body representing the UK lime sector, has launched the Net Negative 2040 Roadmap. The association said that the roadmap sets out the strategy for its to 'go beyond net zero' by 2040. The industry will rely on the deployment of fuel switching, carbon capture, renewable energy sources and green transport technologies, among other approaches. It called on the government to support its aims through the implementation of carbon accounting, subsidisation of renewables and decarbonisation technologies, the development of green hydrogen infrastructure, ensuring that UK lime can remain competitive in the UK and overseas markets.
MPA Lime director Mike Haynes said “Each lever will contribute to decarbonisation – many initiatives are happening already or will come on stream this decade." He added "The combination of using biomass fuels with carbon capture and lime product carbonation will result in removal of 250,000t/yr of atmospheric CO2, making the sector net negative overall. Other levers, especially indirect emissions and transportation, require broader collaboration and enabling action by government and other industries.”
Through their actions to date, MPA Lime members reduced their absolute CO2 emissions by 25% between 2005 and 2022.
Shree Cement facilities raided by tax authorities
22 June 2023India: The government's income tax department has carried out raids at five locations belonging to Shree Cement. Reuters has reported that the authorities said they conducted 'survey action' on 21 June 2023.
Hoffmann Green Cement Technologies to build four clinker-free cement plants in Saudi Arabia
21 June 2023Saudi Arabia: Hoffmann Green Cement Technologies (HGCT) and property developer Shurfah Holding have signed a letter of intent to conclude a licensing agreement for use of HGCT’s technology by the state-owned construction firm. BusinessWire News has reported that HGCT plans to build four new units to produce its clinker-free alternative cement in Saudi Arabia. Construction will begin in 2024. Shurfah Holding said that the partnership signals progress towards the development of smart cities under the state’s Vision 2030 economic plan.
HGCT co-founders Julien Blanchard and David Hoffmann thanked Shurfah Holding and said that the partnership represents an acceleration in the producer’s international development.