Global Cement News

France: Vicat says it aims to start cultivating spirulina at its Montalieu-Vercieu cement plant in the summer of 2022 as part of its Cimentalgue project. It plans to grow 1t/yr until 2024 as part of a trial looking at volume and quality, according to the Agence France Presse. It will use CO₂ and waste heat from the plant to grow the cyanobacteria that can be used as a food source.

The project is being conducted with Algosource and the GEPEA (Process Engineering for Environment and Food) laboratory at the University of Nantes. TotalEnergies is also involved as a financial backer. The project has a budget of Euro2m and is also supported by the Environment and Energy Management Agency (ADEME).

France: Ireland-based Ecocem has opened its new innovation centre, the Centre of Excellence, in Paris. The purpose of the facility is to help to accelerate the development of new technology for the decarbonisation of the cement and construction industries. Ecocem's innovation team will use it for industrial-scale trials in collaboration with industry and academic partners, including Paris-Saclay University and The University of Toulouse. It says that it hopes that one outcome will be the further developmentof the Ecocem reduced-CO₂ product range. Breakthrough Energy Ventures provided funding towards the centre's construction.

Ecocem innovation director Laurent Frouin said “Ecocem is committed to the deep and rapid decarbonisation of the global cement industry. It is essential for the planet and future generations, and it can be achieved through innovation and technology." He added “The cement and construction industries are developing and deploying a range of emission reduction technologies – Ecocem and our new Centre of Excellence will add a further dimension to these efforts.”

Ukraine: NEQSOL Holding Ukraine has filed an application to the Antimonopoly Committee of Ukraine (AMCU) to acquire a stake in Ivano-Frankivskcement. The group will take a loan from ‘leading international’ banks to pay for the stake.

NEQSOL Holding Ukraine manager Volodymyr Lavrenchuk, said “We are hopeful for an approval of the new deal by the AMCU so that we can welcome the high-tech enterprise Ivano-Frankivskсement into the NEQSOL Holding group of companies. We recognise the long-time outstanding results achieved by the Ivano-Frankivskсement management team and staff, who have created one of the most state-of-the-art cement plants in Europe.” He added “Our group of companies has successful experience in financing, including engagement of international financial institutions, which will help to secure the required investments for maintaining a high rate of growth of the cement plant.”

India: Penna Cement has received clearance for a US$207m initial public offering (IPO). The company will offer a US$33.3m stake for sale along with the fresh issue of US$173m. The Times of India newspaper has reported that the company plans to use US$73.3m of the fresh capital to settle its debts and to invest US$14m in the construction of second line at its Krishnapatnam grinding plant Andhra Pradesh. It will invest a further US$10.7m in an upgrade to raw material and clinker grinding mills at its Talaricheruvu cement plant, also in Andhra Pradesh.

Pakistan: The government of the Punjab will charge cement producers in the state up to US$0.93/m³ for ground water used in their cement production. The Dawn newspaper has reported that the charge will depend on water availability, and be US$0.6/m³ in water secure areas, US$0.85/m³ in semi-critical areas and US$0.93/m³ in critical areas most affected by drought. The measure aims to encourage rainwater harvesting in order to preserve water tables. The charges will fall upon Maple Leaf Cement, Gharibwal Cement, Dandot Cement, Flying Cement, Askari Cement and Fauji Cement. They will remain in force until the establishment of a Punjab Water Services Regulatory Authority and its enactment of water extraction rates.