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Belgium: Holcim Belgium hopes to complete its Obourg cement plant’s Go4Zero oxyfuel kiln conversion and carbon capture installation project by 2025, in order to achieve carbon neutrality at the plant by 2030. The producer says that the plans involves establishing a new 135m-high cooling tower, instead of a 145m-high tower as previously planned.
In an effort to rally local support, Holcim Belgium will begin offering virtual reality (VR) tours of the upgraded plant plans in September 2022.
Chief executive officer Bart Daneels said “We would like to start this project, which will be a world premiere in the cement industry.”
Lhoist North America implements 45% lime price rises 17 June 2022
Canada/US: Lime company Lhoist North America raised the price of its lime products by up to 45% from 13 June 2022. The producer acknowledged the ‘challenging circumstance’ for all parties at an ‘unprecedented’ time. It said “We look forward to continuing to deliver the expected value to our customers.”
Peterburgcement to increase Slantsy cement plant’s efficiency through alternative fuels upgrade 17 June 2022
Russia: Eurocement says that its subsidiary Peterburgcement’s Slantsy cement plant in Leningrad Oblast is undergoing an upgrade in order to co-process 100,000t/yr of alternative fuel (AF) in its cement production. The group claims that the upgrade will improve the efficiency of the 1.9Mt/yr plant and reduce its consumption of natural gas by 25%. The purported cost of the upgrade is US$1.77m.
Eurocement previously implemented the same technology at another of its cement plants in the Republic of Mordovia.
Turkey: Fernas Group has acquired Çimsa Çimento’s 1Mt/yr Kayseri and 1.2Mt/yr Niğde integrated cement plants and Ankara grinding plant, as well as ready-mix concrete assets in Aksaray, Ambar, Basakpinar, Cirgalan, Ereğli, Nevsehir and Kahramanmaras. Reuters News has reported the pre-tax value of the deal as US$110m.
CRH proceeds with share buyback programme 16 June 2022
Ireland: CRH bought a further US$300m-worth of its shares between 17 March 2022 and 15 June 2022. The purchases bring the group’s total investment in its on-going share buyback programme to US$3.5bn since May 2018. It will now proceed with a further US$300m buyback, ending on or before 30 September 2022.
On 28 April 2022, CRH’s annual group meeting voted for the group to repurchase a total of 10% of its shares.
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