Displaying items by tag: agreement

Saudi Arabia: Al-Jouf Cement has signed a one-year, US$10m sales agreement with Towa Development to export cement to Syria and Palestine. The contract, effective from 30 November 2025 to 29 November 2026, reportedly represents over 14% of the producer’s total revenue based on its latest audited results. The company will supply all types of cement to Towa Development for export throughout the contract period.

Mozambique: Mozambique and China will together invest US$333m to build two new cement plants, a jetty and hospital services in Nampula and Cabo Delgado. The investment is the result of four agreements signed in October 2025 at an investment conference in Xian in China’s Shaanxi province, where representatives from the two countries’ governments were present. The timescale of the work was not given. The conference served to strengthen economic cooperation with the Shaanxi provincial government and establish new partnerships and investments by Chinese companies. A delegation of 50 Mozambicans attended, led by the Minister of Economy, Basílio Muhate.

Philippines: Holcim Philippines has signed an agreement with Prime Infrastructure Capital for the supply of refuse-derived fuel (RDF) to its cement plants in Bulacan and La Union. Under the deal, Prime Infra’s subsidiary Prime Waste Solutions (PWS) Pampanga will provide RDF produced from plastic waste converted into alternative fuels through co-processing technology, helping Holcim to reduce its reliance on traditional fuels.

Cara Peralta, market sector lead for waste at Prime Infra, said “It is rare to find like-minded organisations such as Holcim willing to partner with us and make investments in sustainable practices like RDF consumption.”

Oman: Raysut Cement has signed an exclusive distribution agreement with Somalia-based Barwaaqo Cement, valued at approximately US$45m/yr. The agreement will remain in effect until 14 September 2026. According to an official statement, the deal is expected to enhance capacity utilisation and improve overall returns.

Denmark: FLSmidth has announced that it has now closed the sale of its cement business to an affiliate of global private equity firm Pacific Avenue Capital Partners. The company said that the transaction does not change its previously announced financial guidance for the full year 2025.

The company previously announced that it had entered into this agreement in June 2025, for a total value of €75m.

Italy: Federbeton, which represents the cement and concrete industry, has signed a memorandum of understanding with Assocarta, the association of paper, cardboard and pulp producers, to develop synergies in circular economy and decarbonisation initiatives.

The agreement aims to recover paper industry waste as a resource for reducing CO₂ emissions in cement production. Recycled waste and sludge will be used to produce solid fuel recovered (SRF). The protocol includes joint technical discussions to identify suitable recovery conditions, cooperation in securing national and EU funding and engagement with public authorities to improve regulatory frameworks.

Federbeton president Stefano Gallini said “If decarbonisation is a systemic challenge, achieving this goal necessarily requires collaboration and shared commitment. The agreement with Assocarta stems precisely from this awareness and is a concrete tool to accelerate the path towards carbon neutrality. Replacing fossil fuels with solutions like SRF represents an immediate opportunity for the environment, the community and the country's energy independence. It is a lever already widely adopted in Europe, where the average substitution rate is 56%. In Italy, we still stand at 26%, due to inconsistent application of regulations and cultural mistrust.”

Bolivia: The municipal government of Santa Cruz de la Sierra has signed an agreement with Itacamba Cemento to recycle thousands of end-of-life tyres (ENDTs) into alternative fuel for cement production, according to the El Deber newspaper. The initiative was implemented through the Municipal Waste Management Company (Emacruz).

Under the agreement, discarded tyres collected from landfills will be transformed into thermal energy for use in Itacamba’s cement kilns, reducing waste and fossil fuel consumption. The tyres will be incinerated at temperatures exceeding 1400°C, with monitoring and gas-capture systems employed to prevent harmful emissions.

Mayor Jhonny Fernández said “We guarantee the responsible disposal of thousands of tonnes of tyres that would otherwise cause pollution or become breeding grounds for diseases like dengue. This is our tangible contribution to a healthier environment and better quality of life for our citizens.”

Itacamba Cemento general manager Marcelo Morales said “Co-processing is a globally recognised waste management method that complies with the waste hierarchy. Our kiln enables the complete and safe destruction of non-recyclable materials.”

Indonesia: Indocement, through its subsidiary PT Semen Bosowa Maros, has signed a memorandum of understanding (MoU) with the city of Makassar’s government to collaborate on the use of refuse-derived fuel (RDF) generated from the city’s waste management system.

The agreement was signed by Syamsul Rijal, Director of PT Semen Bosowa Maros, and Munafri Arifuddin, Mayor of Makassar, in the presence of company representatives.

Syria: The Ministry of Economy and Industry has signed a memorandum of understanding (MoU) with Iraq’s Vertex Investment Group to rehabilitate and expand the Hama Cement plant. The agreement covers the rehabilitation and operation of the plant’s third line, increasing capacity from 3300t/day to 5000t/day of clinker within 13 months. It also includes the construction of a new 6000t/day line, which will raise the plant’s total production capacity to around 11,000t/day over the next five years. The MoU also provides for worker training, application of international quality standards, and compliance with environmental and occupational safety requirements.

Denmark: TotalEnergies, through its subsidiary TotalEnergies E&P Denmark, has signed a Farm-Down Agreement with CarbonVault, the Danish affiliate of German cement producer Schwenk, for the Bifrost carbon capture and storage (CCS) project. Under the deal, TotalEnergies will operate the project with a 45% interest, while CarbonVault will hold 35% and state-owned oil and gas company Nordsøfonden 20%. The Bifrost Project covers two offshore CO₂ storage licenses located about 200km west of the Danish coast and forms part of TotalEnergies’ broader North Sea CCS portfolio. Schwenk has identified Bifrost as its preferred solution for storing future emissions, aligning with its European decarbonisation strategy.

Arnaud Le Foll, senior vice president new business – carbon neutrality at TotalEnergies, said “We look forward to working with our new partner to ensure the successful deployment of the Bifrost Project, a cornerstone of Denmark’s national ambition to establish a European hub for CO₂ storage.”

Completion of the transaction remains subject to customary conditions, including regulatory approvals.