Libya: Representatives of China-based Senomaly carried out feasibility assessments to investigate the possibility of restarting the Mahrouga cement plant near Sebha in late August 2023. The Libya Herald newspaper has reported that National Mining Corporation hosted the delegation at the mothballed plant.
Chinese president Xi Jinping directly instructed Chinese businesses to return to Libya on 27 August 2023.
India: JK Cement laid the foundation stone of its upcoming 2.5Mt/yr Prayagraj grinding plant in Uttar Pradesh on 29 August 2023. The plant will cost around US$60m. The company expects to complete the project in the 2025 financial year, which begins on 1 April 2024. This will increase the producer’s grey cement capacity by 11%, to 25Mt/yr. Its ‘medium-term’ capacity goal is a further 20% growth, to 30Mt/yr.
India: JSW Cement may be planning to launch an initial public offering (IPO) to raise up to US$484m, according to Reuters.
JSW Cement managing director Parth Jindal reportedly said “In 2024, we are planning to take this company public, for which we will be filing the draft red herring prospectus in the next six months. We will be timing the market listing after the national elections.” Parliamentary and state legislative assembly elections are due to take place in September, November and December 2023.
World: Nine new members have joined the Alliance for Low-Carbon Cement & Concrete (ALCCC), a global association of low-CO2 cement and concrete developers, producers and users, since its launch in May 2023. The alliance has welcomed alternative cement and concrete companies Betolar, 3Béton, CarbonRE, Cemvision, the European Environmental Bureau, Greenmade, Materrup, Nomad and Sublime Systems.
Joren Verschaeve, Programme Manager at ALCCC founder Environmental Coalition on Standards, said “It is great to see that so many actors - particularly innovators from within the industry - are committed to speeding up the decarbonisation of cement and concrete through better standards and policies. We are eager to work with our members and other stakeholders to (finally) help put the right incentives in place for low-carbon cement and concrete solutions.”
