Material Evolution, a leading innovator in sustainable construction materials, is set to launch the UK’s largest ultra-low carbon cement plant in Wrexham in October 2024. The facility will produce 150,000 tonnes per year of a cement that emits up to 85% less embodied CO₂ compared to Ordinary Portland Cement (OPC). Material Evolution’s new...
Record recurring EBIT, up +12.7% in local currency, up +8.1% in CHF Net sales up +1.6% in local currency. Record recurring EBIT margin of 23.2% (+210 bps) in Q2 2024 +10.0% growth in EPS before impairment and divestments Disciplined M&A execution continues with 11 value-accretive acquisitions and 4 divestments FY 2024 updated guidance: recurring EBIT...
This venture aims to produce carbon-neutral fuels and materials with lower carbon emissions. Cemex has signed a joint venture agreement with recycling service provider ALBA to produce biochar, a carbon-neutral fuel derived from biomass. The use of biochar, alongside a planned carbon capture project on site, will allow the capture of biomass CO2 for storage...
Carbfix has achieved a major milestone by injecting CO2 dissolved in seawater into Iceland’s basaltic subsurface at Helguvík in Reykjanesbær, Iceland. This represents an important step in the advancement of carbon capture and storage technology, as it is the world’s first field test of achieving permanent carbon dioxide storage through mineralization using seawater. The project,...
Holcim to drive profitable growth in Europe, reaching CHF 10+ billion Net Sales and CHF 1.6+ billion EBIT by 2026 with increasing EBIT margins Industry-leading decarbonization to drive above 60% reduction of CO₂ per Net Sales in Europe from 2020 to 2030 Largest number of EU-funded carbon capture, utilization and storage projects with high return...
Heidelberg Materials pioneers new process technologies in France to drive circularity and decarbonisation As a first in France, the project CIRCO₂BETON® selectively separates demolished concrete into sand, aggregates, and recycled concrete paste (RCP) RCP, carbonated with CO₂ from clinker production, will replace clinker in new low-carbon cements The project has the potential to reduce the...
The European Union has awarded Cemex and WtEnergy a €4.4 million grant for the implementation of a novel waste-to-fuel technology utilizing synthetic gas at its Alicante cement plant in Spain. The project has been cataloged as “the first of its kind” for the cement industry by the European Union. “Innovation is crucial in our efforts...
Heidelberg Materials celebrates the opening of its new cement plant in Mitchell, Indiana, the second-largest single cement production facility in North America. The state-of-the-art plant will substantially increase local production levels while significantly reducing CO₂ emissions and energy consumption for Heidelberg Materials North America. The project, realised on time and on budget despite disruptions from...
Concrete Europe welcomes the Commission proposal for a regulation establishing the EU-wide voluntary framework that would certify high-quality carbon removals (CRCF). It will provide the necessary rules to asses which carbon removals will be eligible for certification. Concrete is a versatile product which allows promoters, architects, engineers and builders to build for public and private...
Heidelberg Materials has entered into a definitive purchase agreement to acquire The SEFA Group, Inc., the largest recycler of harvested fly ash for use in concrete products in the USA The transaction underlines Heidelberg Materials’ industry-leading CO₂ reduction focus providing an immediate step-change to the company’s CO₂ intensity in North America At the same time,...