News

On 13 June, Minister of Investment, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov held a meeting with the Chairman of the Board of China Energy Song Hailiang, during which they discussed the current state of the implementation of joint projects and prospects for further development of mutually beneficial cooperation. During the meeting, the progress of the implementation of projects for the construction of photovoltaic stations in the Kashkadarya and Bukhara regions with a total capacity of 1000 MW and a cement plant in Samarkand region with a capacity of 3 million tons was considered in detail.

JK Lakshmi Cement is planning to invest about Rs 8,000 crore over a six-year timeline, in order to scale up capacity to 30 million tpa from the projected 18 million tpa by end of FY24. The company’s overall aim is to ramp up to 30 million tpa by 2030.

Aalborg Portland and Fidelis New Energy (Fidelis) have entered into a letter of intent for safe and permanent storage of Aalborg Portland's CO2 emissions utilizing Fidelis' recently announced Norne Carbon Storage Hub (Norne) in Aalborg. This agreement is a milestone accomplishment for the decarbonization of cement production, making Aalborg Portland an industry leader in carbon impact and further demonstrating Denmark's commitment to being a global leader in decarbonizing hard to abate industries.

JSW Cement has secured a $50 million Sustainability Linked Loan (SLL) from BNP Paribas Singapore to bolster its environmental initiatives, the JSW Group company said.

Nigeria’s second-largest cement producer, BUA Cement, has gotten a $500 million financing package from the International Finance Corporation (IFC) to develop two new production lines in Sokoto State.

SCGC, one of the largest grey cement producers in Egypt and a subsidiary of the Heidelberg Materials, is celebrating its milestones in reducing its CO2 emissions and its environmental impact to be in line with Egypt’s 2030 Vision as well as the United Nations Sustainable Development Goals.