Neustark, a pioneering company in carbon dioxide removal technology, has successfully raised US$69 million in a growth equity round. This funding round was led by Decarbonisation Partners, a collaboration between BlackRock and Temasek, and will support Neustark’s ambitious goal to permanently remove 1 million tonnes of CO₂ by 2030. The investment round also saw participation...
The European Bank for Reconstruction and Development (EBRD) has extended a €25 million loan to Çimsa, a leading Turkish cement company, to finance its decarbonisation investment programme. This substantial loan aims to support the installation of a solar power plant, a waste heat recovery (WHR) plant, a new silo, and resource-efficiency processes, alongside technology upgrades...
Heidelberg Materials has entered into a definitive purchase agreement to acquire ACE Group, the largest supplier of pulverised fly ash in Malaysia The acquisition aims to strengthen the company’s footprint in a growing market and meet the rising demand for fly ash to reduce the CO₂ intensity of cement The transaction is part of Heidelberg...
Heidelberg Materials France plans a restructuring that would result in the closure of sites in Beffes (Cher) and Villiers-au-Bouin (Indre-et-Loire) Restructuring follows a stronger alignment towards low-carbon products and a significant decline in cement sales in France Heidelberg Materials has committed to invest more than €400 million to modernise its plants and reduce its carbon...
Decarbonisation technology company, Leilac, is pleased to announce the Leilac-2 project will be hosted at Heidelberg Materials’ Ennigerloh cement plant in North Rhine-Westphalia, Germany. The selection of Ennigerloh as the Leilac-2 host plant is the result of a thorough site assessment process by Leilac, Heidelberg Materials, and IKN, a Leilac-2 project partner, and follows...
The facility at the German Lengfurt cement plant is scheduled to go into operation as early as 2025 with a capture capacity of around 70,000 tonnes of CO₂ per year Due to its purity, the processed gas will be suitable for use in both the food and chemical industries The project is being funded by...
In 2022, Votorantim Cimentos was recognized by CDP as one of the best evaluated companies in the 2022 Climate Change Program
The Global Cement and Concrete Association’s (GCCA) recent “CEO Gathering” in Atlanta brought together CEOs of leading cement and concrete companies, as well as policymakers and built environment leaders to progress the implementation of the industry’s Roadmap to Net Zero. The two-day gathering, titled “Concrete Future: Net Zero Delivery – From Commitment to Action,” was...
The policy also recognises that each country, region, and company, faces its own unique circumstances, regulations and challenges regarding the transition and journey to net zero.