Displaying items by tag: South Korea
Hanil Hyundai Cement orders waste heat recovery power unit for Yeongwol cement plant from Kawasaki Heavy Industries
20 July 2021South Korea: Hanil Hyundai Cement has placed an order with Japan-based Kawasaki Heavy Industries for the design and installation of a 22.6MW waste heat recovery (WHR) unit at its Yeongwol cement plant in Gangwon. The WHR plant will generate power from heat from two of the plant’s production lines when commissioned in December 2022. The supplier says that it will serve 30% of the plant’s energy needs. Kawasaki Heavy Industries says it has previously supplied WHR units to Japan, Germany, South Korea, Turkey, China, Vietnam, India, Pakistan and elsewhere.
South Korea: Korea Cement Association (KCA) members have agreed to reduce their net CO2 emissions to zero by 2050. To help them achieve this target, the state-owned Korea Development Bank has pledged US876m in investments in emissions reduction and green production upgrades by 2025, according to the Maeil Business Newspaper. The KCA says that 90% of local cement producers have increased their environmental, social and corporate governance investment and reduced their use of coal.
South Korea: A man has died in hospital after a crane collapsed onto him while working at SsangYong C&E’s Donghae cement plant in Gangwon province on 14 May 2021. The Korea Herald newspaper has reported that the man worked for a construction company contracted by the cement producer. Police are investigating the incident.
Philippines Department of Trade and Industry adds further countries to safeguard measures list
16 March 2021Philippines: The Department of Trade and Industry (DTI) has issued an order amending its previous order on cement safeguards. The Manila Bulletin newspaper has reported that the amendment extends safeguard measures to 13 new countries which now exceed the necessary 3% import volume share. These are Chile, the Czech Republic, Estonia, Hungary, Israel, Indonesia, Latvia, Lithuania, Poland, Slovenia, Slovakia and South Korea. Imported cement from these countries will now face a safeguard duty of US$0.2/bag. An official source quoted by the newspaper called the surge in importation from these countries "trade diversion" tactics by importers since these countries were previously exempt from the safeguard duty.
Ssangyong Cement to rebrand as Ssangyong C&E
24 February 2021South Korea: Ssangyong Cement has announced a planned name change to Ssangyong C&E. The Korea Herald newspaper has reported that the ‘C’ stands for cement while the ‘E’ stands for environment. Besides signalling its move into new industries driven by green value-creation, the new name is intended to reflect the company’s existing values. Since the beginning of 2016, it says it has spent US$90m/yr on environmental upgrades to cement production. Shareholders will finalise the change on 25 March 2021.
Ssangyong Cement chair Hong Sa-seung said, “For the past 60 years, we have led Korea’s cement industry and contributed to country’s industrialisation and economic development. With the know-how we have gathered from the cement business, we seek to expand our business to environmental businesses.”
SungShin Cement orders two FLSmidth HotDiscs
10 November 2020South Korea: SungShin Cement has placed an order with Denmark-based FLSmidth for the supply of two HotPlate combustion devices for installation in lines three and six of its SungShin cement plant. The plant is in the transition from coal fuel to the possibility of 100% alternative fuel (AF) use in the two lines, which it plans to commission in mid and late 2021 respectively.
Team manager of production technology Cho K-R said, “With its degree of flexibility, the HotDisc allows us to substitute coal with a wide range of AFs – refuse-derived fuel (RDF) in our case. As we turn waste into energy, the HotDisc lowers our operating costs without compromising energy efficiency.”
FLSmidth previously delivered two HotDiscs to South Korea, to SsangYong’s Donghae and Yeongwool cement plants.
Uzbekistan: Uzpromstroymaterialy and South Korea-based Caris have formed an 80:20 public-private partnership for the establishment of a 1.5Mt/yr integrated cement plant in Berinuy region at a cost of US$350m. The Cement and Applications Journal has reported that the upcoming plant, called the Caris Karakalpak Cement, will generate sales worth US$182m/yr and profit of US$126m/yr, according to the owners.
Uzbekistan: South Korea-based Caris is considering build a cement plant in the Beruni region of Karakalpakstan. This follows the completion of geological studies in conjunction with the local government, according to the Dunyo News Agency. Caris is now working on a feasibility study for the project before arranging finance.
Asia Cement China revises 2020 financial projection
20 July 2020China: Asia Cement China has estimated a 40% - 45% year-on-year decline in profit in 2020 due to lower sales volumes and selling prices. Dow Jones Newswires has reported that this is due to the impacts of the coronavirus outbreak on cement demand outside of China. The company is active in several countries including Thailand, Taiwan and South Korea.
South Korea: All nine domestic cement producers and the Ministry of Environment have agreed on measures to reduce NOx emissions. Asia Cement, Halla Cement, Hanil Cement Manufacturing, Hyundai Cement, Korea Cement, Sampyo Cement, Ssangyong Cement Industrial, SungShin Cement and Union Corporation have agreed to invest in upgrades to filters or new high-efficiency filters and process improvements, according to the Korea Times newspaper. There was also an agreement to set NOx emissions reduction targets for the allocation of funding. The Korea Environmental Industry Technology Institute is investing US$2.93m in research towards developing methods of selective catalytic NOx emissions reduction and selective non-catalytic NOx emissions reduction.
The government aims to reduce national NOx emissions by 20% to 155,000t/yr from 195,000t/yr through subsidies to emissions reduction technologies development and uptake. The cement sector presently emits 62,500t, 32% of the domestic total.