India: Shree Cement's consolidated sales were US$2.16bn in the 2023 financial year, up by 19% year-on-year from US$1.81bn during the preceding financial year. The company's total expenses rose by 33% to US$2.03bn from US$1.53bn. This led to a drop in profit of 46%, to US$153m from US$282m.
JK Lakshmi Cement boosts sales in 2023 financial year
India: JK Lakshmi Cement increased its full-year sales during the 2023 financial year to US$786m, up by 19% year-on-year from US$662m during the 2022 financial year. Over the same period, the producer's net profit dropped by 23% year-on-year to US$44.6m from US$57.7m. This was primarily due to a 24% rise in its total costs to US$722m from US$584m.
MoneyControl News has reported that JK Lakshmi Cement's vice chair and managing director Vinita Singhania said "Despite an unabated increase in the price of fuel, the company has been able to record satisfactory performance by increasing its efficiency parameters, optimising its product mix and geographies and focusing on several green initiatives."
Heidelberg Materials and Linde select BASF for separation of captured CO2 at Lengfurt cement plant
Germany: Chemicals company BASF has won a contract to supply its OASE Blue CO2 separation technology for use in the upcoming 70,000t/yr carbon capture installation at Heidelberg Material's Lengfurt cement plant in Bavaria. The Capture to Use (Cap2U) project, in partnership with fellow chemicals company Linde, aims to capture CO2 from the plant for use in the chemicals, food and beverages industries.
BASF head of gas treatment Andreas Northemann said “Our portfolio of OASE technologies makes a significant contribution to sustainability and is perfectly suited to help our customers achieve their sustainability targets. This carbon capture and use unit facility has the potential to become a show-case project in a hard-to-abate sector."
Calgary team develops CO2-sequestring cement using brine
Canada: A study led by Douglas Geoffrey in Calgary, Alberta, has patented a method of producing cement from calcium carbonate precipitated in the carbonation of brine. The method mixes the mineral with magnesium oxide and cures it to form cement.
Geoffrey noted that the brine may derive from multiple industrial processes, including fossil fuel and potash production, geothermal power generation and desalination.
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