Displaying items by tag: Waste Heat Recovery

South Africa: The South African Mamba Cement project, jointly funded by China's Jidong Development Group, the China-Africa Development Fund and a South African cement company, inked a deal regarding financing on 20 November 2013.

The project, with an investment of US$220m, is situated in Limpopo Province, South Africa. The capital fund of the project is US$100m, 51% of which is held by Chinese shareholders.

Unlike traditional overseas investment financing, Mamba received US$120m through project financing, which is based on the projected cash flow of the project rather than the balance sheets of its sponsors. This marked China's first successful investment through project financing in Africa. The loans are jointly provided by Nedbank South Africa and Bank of China's Johannesburg office.

Chen Ying, vice-president of China's Jidong Development Group, said that the success of the financing deal meant the South African bank's accreditation to Chinese companies. "Project financing offers Chinese companies a new way to make overseas investments," stated Ying.

The project includes a new cement clinker production line with an output of 1Mt/yr, a waste heat recovery (WHR) system with a generating capacity of 26.8MKW/hr and other supporting facilities. The electricity generation system together with the cement plant makes Mamba the first cement company in possession of WHR technology on the African continent.

Indonesia: JFE Engineering Corporation has started work on a 28MW waste heat recovery (WHR) project for PT Semen Indonesia, the leading state-owned cement company in Indonesia. The WHR project will be designed and manufactured by the Japanese engineering firm with installation by local contractors at the Tuban cement plant in West Java. Commissioned of the plant is scheduled for the end of 2014.

The Semen Indonesia project is the second WHR build JFE Engineering has undertaken in Indonesia following a previous project for Semen Padang. This project is expected to reduce CO₂ emissions by 130,000t at full load operation. Further collaboration between JFE Engineering and Semen Indonesia, following a strategic agreement signed on 23 October 2013, will see coordination between the companies on WHR projects and waste management in Indonesia and Vietnam.

The project from JFE Engineering is part of a feasibility study of the Joint Credit Mechanism (JCM) by the Ministry of Environment of Japan (MOEJ), to offset Japan's emissions targets through low carbon projects overseas. Once awarded accreditation on the scheme, the project will be supported by a subsidy from the MOEJ.

India: Reliance Cement has said that it will commission its US$485m cement plant in Madhya Pradesh in October 2013. The company is due to complete the project in 22 months, five months ahead of its original schedule. The 5Mt/yr cement plant includes a 10MW waste heat recovery system. The plant is intended to target markets in central, eastern and northern India.

The Madhya Pradesh plant follows the company's 0.5Mt/yr cement plant in Butibori, Maharashtra that was launched in 2012.

Japan: Sumitomo Osaka Cement plans to invest US$12m to install waste heat recovery (WHR) systems at two of its cement plants. The company has decided to build WHR technology at its Tochigi plant and to a plant in Aomori Prefecture operated by a subsidiary. Previously Sumitomo Osaka installed WHR systems at its Ako plant in Hyogo Prefecture and at its Kochi Precture plant.