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Tag: costs

Indian cement sector will use 40% renewable energy in 2025 financial year
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Tuesday, 19 September 2023 / Published in News

Indian cement sector will use 40% renewable energy in 2025 financial year

Ratings agency ICRA says that the cement industry in India will reach a renewable energy reliance of 40% across its operations in the 2025 financial year. The Hitavada newspaper has reported that this will involve the construction of 537MW-worth of new renewable power capacity. During the 2023 financial year, which ended on 31 March 2023,
blended cementCO2costsElectricityenergyForecastICRAIndiaInvestmentOutlookSolar powerSustainability
Capsol Technologies wins two further carbon capture contracts in Europe
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Tuesday, 19 September 2023 / Published in News

Capsol Technologies wins two further carbon capture contracts in Europe

Norway-based Capsol Technologies says that it has signed contracts for two new feasibility studies for carbon capture installations at ‘large cement plants’ in the EU. If successful, the plants will proceed to the installation of Capsol Technologies’ CapsolEoP carbon capture systems. Nordic Daily News has reported that the technology reduces the energy consumption of carbon
Capsol Technologiescarbon captureCCSCO2ContractcostsElectricityenergyEUEuropenet zeroStudySustainabilityTrial
New emissions taxes hit Hungary’s cement industry
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Wednesday, 23 August 2023 / Published in News

New emissions taxes hit Hungary’s cement industry

The Hungarian government recently enacted Emergency Decree 320/2023, taxing all CO2 emissions from the country’s 40 or so largest industrial enterprises. The government used emergency powers to set up a new taxation scheme, which undercuts existing free allowances under the EU emissions trading scheme (ETS). The scheme additionally penalises the trade in ETS credits. Cement producers announced that
Analysiscarbon border adjustment mechanismCeMBetonconstructioncostsCRHdataDemandDunaDráva CementEmissions Trading SchemeEUExportGovernmentHeidelberg MaterialsHolcimHungarian Competition AuthorityHungarian National Professional Association of Construction ContractorsHungaryImportinflationInvasionLafarge Cement MagyarorszagLawlobbyingMarketNational Building Materials StorespriceProfitRegulationsretailRussiaSchwenk ZementSlovakiaTaxUkraineWar
EU enacts carbon border adjustment mechanism regulation
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Saturday, 19 August 2023 / Published in News

EU enacts carbon border adjustment mechanism regulation

The EU has enacted the implementing regulation for the carbon border adjustment mechanism (CBAM) under its emissions trading scheme (ETS). Under the CBAM, importers of cement to the EU will eventually pay taxes for its embedded CO2 emissions, equivalent to those levied against EU-based producers. Importers must begin to collect emissions data from 1 October 2023,
adjustment mechanismcarbon borderCO2costsdataEmissions Trading SchemeEUEuropean CommissionGovernmentImportsoftwareSustainabilityTaxTradetraining
Australian government considers CO2 Cross-Border Adjustment Mechanism for cement imports
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Wednesday, 16 August 2023 / Published in News

Australian government considers CO2 Cross-Border Adjustment Mechanism for cement imports

The Ministry of Climate Change, Energy, the Environment and Water is holding a consultation over the possible implementation of a Cross-Border Adjustment Mechanism to penalise imported cement for its CO2 emissions in line with the Australian cement industry’s emissions reduction goals. The Guardian Australia newspaper has reported that the government expects to publish its report on
Australiacarbon border adjustment mechanismCO2costsEmissionsEmissions Trading SchemeGovernmentpolicySustainabilitytarget
Synhelion and Cemex España to build solar-fuelled clinker plant near Madrid
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Tuesday, 15 August 2023 / Published in News

Synhelion and Cemex España to build solar-fuelled clinker plant near Madrid

Switzerland-based Synhelion and Cemex España plan to build a new clinker plant near Madrid. The plant will use Synhelion’s synthetic fuel to produce clinker from clay and crushed sand at 1200°C. The fuel consists of a gas produced from green hydrogen and captured CO2, using solar heat. La Tribune de Genève Online News has reported
Alternative FuelsAlternative raw materialsCalcined Claycarbon captureCCSCemex EspañaclayCO2costscrushed sandEUheathydrogennet zeroResearchSandSpainSustainabilitySynhelionsynthetic fuel
Sumitomo Osaka Cement to raise sales in profit-making first half of 2024 financial year
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Wednesday, 09 August 2023 / Published in News

Sumitomo Osaka Cement to raise sales in profit-making first half of 2024 financial year

Sumitomo Osaka Cement says that it expects sales to rise by 14% year-on-year to US$761m during the first half of the 2024 financial year. Nikkei Financial Summary News has reported that the producer expects a drop in its cement volumes, offset by price hikes. Currency effects will also impact its result. Meanwhile, coal prices remained
CoalConsumptioncostsDemanddespatchesExportForecastJapanMarketOutlookResultsSalesSumitomo Osaka
Bangladesh Cement Manufacturers Association lobbies for lower clinker tariffs
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Tuesday, 13 June 2023 / Published in News

Bangladesh Cement Manufacturers Association lobbies for lower clinker tariffs

The Bangladesh Cement Manufacturers Association (BCMA) has called for a 60% cut to duties on clinker imports, to US$1.84/t from US$4.61/t. The Financial Express newspaper has reported that BCMA members are struggling with high shipping costs and supply issues due to Russia’s war in Ukraine. The Bangladesh government published plans to raise the duty on
BangladeshBudgetchainClinkercostsDutyGovernmentGrindingImportInvasionlobbyingRaw MaterialsShippingSupplyTaxTradeTransportUkraineWar
France Ciment to reduce CO2 emissions by 50% by 2030
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Thursday, 25 May 2023 / Published in News

France Cement to reduce CO2 emissions by 50% by 2030

The French cement association France Cement has announced a new CO2 emissions reduction target of 50% across the cement industry between 2021 and 2030. The new target for 2050 will be ‘virtual carbon neutrality.’ The Les Echos newspaper has reported that the commitments replace previous reduction targets of 24% by 2030 and 80% by 2050.
Clinker factorCO2 .carbon capturecostsenergyFranceFrance CementGovernmentInvestmentlobbyingnet zerorenewable energyStrategySustainabilitytarget
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Saturday, 13 May 2023 / Published in News

Qizilqumsement to upgrade Qizilqum cement plant

United Cement Group subsidiary Qizilqumsement says that it has awarded contracts for the upgrade of Lines 1 and 2 at its Qizilqum cement plant in Navoiy Region. Uzbekistan Newsline has reported that the producer has completed testing to ascertain the lines’ parameters of operation, fuel and energy consumption and output. This will inform its decisions,
ClinkercostsExpansionQizilqumsementtestingUpgradeUzbekistan
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