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Jaypee Power Ventures considering sale of Nigrie grinding plant 12 December 2022
India: Jaypee Power Ventures' board of directors met on 12 December 2022 to discuss the possible sale of the company's Nigrie grinding plant in Madhya Pradesh. Press Trust of India News has reported that parent company Jaiprakash Jaypee Group's audit committee recommended the sale under proposed measures to reduce the group's debt. The producer had been in talks with Adani Group about the possible sale of its cement business, along with other non-core assets, for US$606m in October 2022.
Jaypee Power Ventures operates 4Mt/yr-worth of cement capacity, 40% of Jaypee Group's total 10Mt/yr.
Anhui Conch Cement displays its carbon capture systems at Macao International Environment Forum and Exhibition 12 December 2022
China: Anhui Conch Cement's carbon capture systems went on display at the Macao International Environment Forum and Exhibition in Macao Special Administrative Region on 9 December 2022. Anhui Conch Cement previously installed amine-based carbon capture systems at some of its cement plants, beginning with the Baimashan cement plant in Wuhu, Anhui Province. The producer said that it hopes to introduce its advanced equipment to the international community and to collaborate with other cement companies for the accelerated development of green technologies.
The Macao International Environment Forum and Exhibition addresses China's Dual Carbon Goal of peak national CO2 emissions before 2030 and carbon neutrality by 2060.
Southeast University develops coral-based concrete 12 December 2022
China: A team at Southeast University has developed an alternative concrete that contains 8% cement. It uses coral reef limestone fragments and biodebris with an upper particle size of 53mm as fine aggregate. The researchers concluded that the material proved suitable for use in precast concrete paving slab production.
Mexico: Cemex says that it has received validation from the Science-Based Targets Initiative (SBTi) for its 2050 Net Zero Roadmap. The roadmap sets out strategies, including carbon capture, for ‘aggressive CO2 reductions’ across Cemex’s entire value chain, in order to achieve carbon neutral cement production by 2050. The group’s current carbon capture projects portfolio has the potential to reduce its CO2 emissions by 3Mt/yr.
Cemex CEO Fernando González said “The construction industry is essential to the development and wellbeing of society, and its transition to carbon neutrality is achievable. The SBTi’s validation of our decarbonisation target attests to this, as well as the strength of our commitment.”
USGS publishes Cement in September 2022 report 09 December 2022
US: Cement companies produced 58.5Mt of clinker during the first nine months of 2022, in line with nine-month 2021 volumes, according to the United States Geological Service (USGS). The USGS’s Cement in September 2022 report recorded export volumes of 314,000t of cement in the nine-month period up to September 2022, down by 4.2% year-on-year. Meanwhile, delivery figures showed a growth in domestic cement shipments of 4.1% year-on-year to 83.2Mt.