Displaying items by tag: target

Japan: Taiheiyo Cement has set an 80% CO₂ reduction target from cement production by 2050. It also plans to reduce its emissions from cement products by 20%. It aims to do this via a variety of means including energy-saving measures, promoting co-processing, lowering the clinker factor of its cement and CO₂ capture technology. The cement producer started a pilot of a chemical absorption method on kiln exhaust gases at its Fujiwara plant in early 2019.

Germany: HeidelbergCement’s CO₂ reduction targets to 2030 have been successfully assessed against the Science Based Targets initiative’s (SBTi) criteria. It says this makes it the first company in the cement sector to have approved science-based targets.

"Our goal is to realise the vision of CO₂-neutral concrete by 2050 at the latest. In the coming years, we want to make significant progress in this direction, and the SBTi’s approval is a clear proof of our strong commitment," said Bernd Scheifele, the chairman of the managing board of HeidelbergCement. The group’s CO₂ reduction strategy is based on measures on plant and product level. These include improving energy efficiency, and a steadily increasing use of alternative fuels and alternative raw materials.

HeidelbergCement’s SBTi target is to reduce scope 1 greenhouse gas (GHG) emissions 15% per ton of cementitious materials by 2030 from a 2016 base year. HeidelbergCement also commits to reduce scope 2 GHG emissions 65% per ton of cementitious materials within the same timeframe. The SBTi target is consistent with HeidelbergCement’s previous goal of a 30% reduction in its specific net CO₂ emissions by 2030, compared with 1990. The cement and concrete producer has achieved a reduction of 20% so far.

The SBTi assesses and validates corporate emissions reduction targets against climate science research. Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered ‘science-based’ if they are in line with the goals of the Paris Agreement – to limit global warming to below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.

Ghana: Morten Gade, the managing director of Ghacem, says that the company plans to make 3Mt of cement in 2019. It also has a target of producing and distributing 60 million bags compared to 56 million bags, according to the Daily Graphic newspaper. The subsidiary of Germany’s HeidelbergCement operates two grinding plants in the country.

Germany: HeidelbergCement says it has made good progress with its ‘portfolio optimisation’ process. The company closed the divestment of its 50% share in Ciment Québec and its minority participation in Syria in December 2018. In addition, a former cement plant area near Cairo in Egypt has been auctioned, and the divestment of its Ukrainian business has been signed. The divestments in Egypt and Ukraine are expected to complete in 2019. Altogether these divestments will have a value of Euro150m and are expected to have a ‘slightly’ positive effect on operating earnings before interest, taxation, depreciation and amortisation (EBITDA) in 2019.

“We deliver on our action plan and have accelerated our efforts to improve our portfolio and generate cash in order to speed up deleveraging,” said Bernd Scheifele, the chairman of the managing board of HeidelbergCement. The cement producer has a divestment target of Euro1.5bn by the end of 2020.

Vietnam: The Vietnamese cement sector exported 2.01Mt of cement in August 2018, a 44% year-on-year increase but 90,000t less than in July 2018. During the first eight months of 2018, cement exports reached 20.1Mt, exceeding the whole year target of 18-19Mt, according to the Ministry of Construction’s Building Material Department (BMD).

Total production stood at 63.9Mt in the first eight months, a year-on-year increase of 30%. The domestic market consumed 43.8Mt. According to the BMD, the industry is likely to reach its consumption target of 65-66Mt in the domestic market for the whole of 2018.

On top of Vietnam’s current large cement capacity, the list of cement projects that are expected to come into operation after 2018 include some very large capacity projects. These include Sông Lam Cement’s production lines 3 and 4 with a total capacity of 3.8Mt/yr, Thái Nguyên Group’s Hà Tiên Cement Project in Bình Phước with an annual capacity of 4.5Mt/yr and the Tân Thắng Cement Project in Nghệ An Province with an annual capacity of 1.8Mt/yr.