Displaying items by tag: Memorandum of Understanding

Türkiye: Taiwan-based Taiwan Cement Corporation (TCC) has signed a preliminary memorandum of understanding (MoU) with OYAK Çimento. Under the MOU, the parties will enter into negotiations over the transfer of a further 20% stake in OYAK Denizli Çimento to TCC. This will raise TCC’s stake in the company to 60%. Reuters has reported the total enterprise value of OYAK Denizli Çimento as US$1.42bn.

Philippines: Filinvest-ENGIE Renewable Energy Enterprise (FREE) has won a contract with Cemex Philippines for the construction of a 10.1MW solar power plant. The Business Mirror newspaper has reported that the plant is comprised of a ground-mounted array of solar panels at Cemex Philippines’ Apo cement plant in Cebu. The solar power plant will eliminate 10,000t/yr of CO₂ from the Cebu cement plant’s emissions. Additionally, the producer has signed a memorandum of understanding (MoU) with FREE for future collaborations on renewable energy and efficiency-increasing projects around the nearby city of Naga.

Cemex Philippines president and CEO Luis Franco said “This solar energy partnership is another milestone under Cemex’s Future in Action programme, as we progress closer to our goal of reducing Scope 2 CO₂ emissions to less than 24kg/t of cementitious product by 2030.” He added “We are proud to partner with FREE, a company that shares our vision to address climate change through sustainable projects. This is a win not only for Cemex, but also for the planet as we take concrete steps in making renewable energy the future of the industry.”

US: Summit Materials has entered into a memorandum of understanding (MOU) with hydrogen producer PCC Hydrogen (PCCH2). The MOU establishes an alliance to develop a fuel replacement strategy for Summit Materials’ cement production. PCCH2 will build a hydrogen plant to supply green hydrogen at a cement plant belonging to Summit Materials subsidiary Continental Cement.

Continental Cement president David Loomes said "Continental Cement has a longstanding commitment to environmental stewardship, seeking out opportunities to develop innovative practices and differentiated solutions to build a better tomorrow. Our company has signed on to the Portland Cement Association (PCA)'s Roadmap to Carbon Neutrality, with a goal of achieving carbon neutrality across the value chain by 2050. By coupling PCCH2's hydrogen production process with our cement manufacturing know-how, we are taking a bold stride towards achieving that goal, while continuing the push to cost-effective decarbonisation of cement manufacturing."

Asia/Middle East: South Korea-based Samsung Engineering and Canada-based Svante have signed a new memorandum of understanding (MoU). Under the MoU, the companies will collaborate on the development and deployment of carbon capture technology in cement and other industries in Asia and the Middle East.

Svante President and CEO Claude Letourneau said “Samsung Engineering’s more than 50 years of experience in the energy and industrial sectors will be invaluable as we continue to rapidly expand our operations and filter production capabilities.”

India: Wonder Cement has concluded a memorandum of understanding (MoU) with authorities to build a cement production facility in Desar, Gujarat. The Times of India newspaper has reported that the producer plans to invest US$66.4m in the new facility.

Malaysia: YTL Cement and Thailand-based SCG have signed a memorandum of understanding with Innocement, a joint venture between the Sarawak Economic Development Corporation (SEDC) and the Bintulu Development Authority (BDA). The agreement is intended to strengthen the cement supply chain, secure the reliability of supply and stabilise prices in the region, according to the Star newspaper. In January 2023 representatives of the SEDC and the BDA had visited SCG in Bangkok. At this time it was reported that a joint venture between the SEDC and the BDA wanted to import 0.5 – 1Mt/yr of cement from SCG.

Greece: The IFESTOS carbon capture project at Titan Group's Kamari cement plant was among eight CO₂ emissions-reducing projects chosen for funding following the latest EU Innovation Fund call for projects. IFESTOS consists of a planned 1.9Mt/yr carbon capture installation at the Kamari plant. Titan Group says that it has concluded necessary memoranda of understanding (MoUs) with suppliers. The IFESTOS project will receive a share of a funding pot worth a total Euro3.6bn.

Chair Marcel Cobuz said "We are truly excited that the European Commission has chosen to support our large-scale, highly innovative project. IFESTOS is a cornerstone of our accelerated decarbonisation roadmap to net-zero. In line with EU climate policy, together with our technology partners, we are pioneering an innovative carbon capture project, the largest in Europe, with a highly positive impact. The group has strong capabilities and is committed to executing this project fast over the next few years, decarbonising production and offering green growth opportunities to our customers in Europe. We embrace the opportunity to widely share our knowledge and expertise and promote green cements as modern materials for infrastructure and housing.”

India: The state government of Assam signed memoranda of understanding (MOUs) worth over US$974m on 9 May 2023. The MOUs include three new planned cement plant projects. Agreements have been signed with Calcom Cement India, Star Cement and Taj Cement Manufacturing.

The Economic Times newspaper has reported that the government said “There are another US$852 - 974m investment proposals in the pipeline. Investors are touring Upper and Lower Assam, scanning for locations for investment projects.”

Belgium: France-based Air Liquide has signed a memorandum of understanding with Holcim to supply and operate a Cryocap Oxy carbon capture unit for the forthcoming upgrade to the Obourg cement plant. The intention is that 95% of the CO₂ generated from the new production line will be captured and then transported via the Antwerp@C export terminal for under-sea sequestration. Air Liquide and Holcim have co-applied for the European Innovation Fund to support the project.

Pascal Vinet, Senior Vice President at Air Liquide Group, said “The decarbonisation of the industry is at the heart of our Advance strategy. We are committed to accompany our customers through providing a wide range of innovative solutions. As an example, Air Liquide's proprietary Cryocap technology is particularly well suited to decarbonise the cement industry.”

Malaysia: YTL Cement has signed a memorandum of understanding (MOU) with the Construction Research Institute of Malaysia (CREAM) to support the transition of the local construction industry to sustainable construction practices. Under the deal, YTL Cement will also contribute to the Construction Industry Development Board’s (CIDB) goals by rolling out human resource development programmes, research and development initiatives.

As part of the MOU, YTL and the CIDB will jointly design training programmes for young adults to be certified as concrete technicians and develop the training syllabus for accreditation programmes of qualified personnel in operations. It is hoped that this will assist in attracting, retaining and growing skilled workers in the construction industry. CREAM will work with YTL Cement’s team of experts to conduct research and development on lower embodied carbon alternatives in materials and construction methods. CIDB and YTL Cement will also work together to increase awareness on the embodied carbon of the construction sector by providing channels for discussions and knowledge transfer among industry practitioners and experts.