Global Cement News

Sweden: CemVision has announced its first commercial agreement to sell its low carbon cement. Pilot deliveries are scheduled to begin in March 2024 to LKAB. Further commercial agreements are planned over the next four years. CemVision produces its Re-ment product using industrial residual products such as those from the steel and mining sectors instead of limestone.

Anders Lundgren, Chief Sustainability Officer for Business Area Special Products at LKAB, said “The letter of intent include the pilot deliveries and trial use of CemVision’s products in our concrete production, and intent to source from their future full-scale production, which presents a potential to further enhance the circularity and to decarbonise our supply of cement and addressing our emissions in the supply chain.”

China: China National Building Material (CNBM) has divested control of Qilianshan Cement to China Communications Construction (CCC) and China Urban-Rural Holding Group as part of an asset restructuring agreement agreed in May 2022. Following the transaction CCC holds an 85% equity interest in Qilianshan Cement and China Urban-Rural controls the remaining 15% portion.

As part of the asset swap agreement CNBM arranged to take control of companies including Southwest Municipal Engineering Design and Research Institute of China, China Northeast Municipal Engineering Design & Research Institute and CCCC Highway Consultants. In a statement CNBM said it no longer had control of the board of directors of Qilianshan and that both it and Qilianshan Cement were no longer its subsidiaries.

Argentina: Throughout the second half of 2023, Holcim Argentina estimates that it will use 75% renewable energy. The milestone is the outcome of an agreement signed with 360 Energy in April 2023, under which the renewable power provider contributes to the energy mix at all of Holcim Argentina’s cement production facilities. Holcim Argentina says that the deal will help to eliminate 68,600t/yr of CO₂ from its operations. The producer said that it also invested in upgrades to help reduce its water consumption by 6% throughout 2023.

Holcim Argentina has invested US$1m in on-going and planned upgrades to its facilities, and plans to invest a further US$4.9m.

India: Adani Group took a US$200m loan from Qatar National Bank earlier in December 2023. The Telegraph India newspaper has reported that the conglomerate will put the funds towards refinancing its pre-existing US$3.5bn loan for its acquisition of Holcim India.

Adani Group aims to control 140Mt/yr of cement production capacity by 2027.

India: UltraTech Cement has signed a deal to acquire a 26% stake in renewables company Clean Max Terra. The Free Press Journal has reported that the cement producer expects Clean Max Terra help it to meet its renewable energy needs, optimise its energy costs and comply with regulatory requirements for captive power consumption.