News

Cemex has updated its Sustainability-Linked Financing Framework to align with its more ambitious 2030 decarbonization targets, announced on November 2022 and validated by the Science-Based Targets initiative (SBTi) for alignment under their 1.5°C scenario, the most ambitious pathway defined for the cement industry.

The International Finance Corp (IFC) has proposed a US$150 million loan to Votorantim Cimentos S.A., one of the largest Brazilian producers of cement and the subsidiaries of Votorantim S.A.

Nuvoco Vistas Corp. Ltd., a cement group in India, has successfully completed its Alternative Fuel Resource (AFR) project at Risda Cement Plant (RCP) in Chhattisgarh and Nimbol Cement Plant (NCP) in Rajasthan. By incorporating alternative fuels, the company aims to minimise environmental impact and decrease the usage of traditional fossil fuels.

Bulgaria’s Devnya Cement is on track to become the first cement producer in Eastern Europe with a zero carbon footprint, thanks to an innovative carbon capture and storage project it is about to implement. The project, valued at EUR 750 million, has already received EUR 190 million in financing from the EU Innovation Fund, according to local media.

The leading construction materials supplier, which has its group headquarters at Coalville in Leicestershire, has deployed the truck as part of its Lafarge Cement business.

Holcim US announced a milestone clean energy investment in northeast Michigan with a new partnership to bring the company’s largest solar project in the Midwest to its cement plant in Alpena. When combined with existing renewable energy efforts, the solar initiative will help the plant self-generate 75 percent of its electric power needs with green energy—an important step toward fulfilling Holcim’s pledge to power all of its US operations with 100 percent renewable energy by 2030.

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.