DOE Advances Heidelberg Materials’ $1B Carbon Capture Project

U.S. Department of Energy Under Secretary for Infrastructure David Crane announced his agency’s plan to negotiate an award up to $500 million to help fund a full-scale carbon dioxide capture, transport and storage facility at Heidelberg Materials’ recently upgraded Mitchell, Ind., cement plant. He outlined the prospective award during a March 25 gathering of 100-plus at the 2.4-million-mtpy capacity operation.…

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The Benefits of Responsible Finance

To fund ongoing decarbonization efforts, Heidelberg Materials introduced a new Green Finance Framework, which is aligned with the most recent best market practices and standards.  The company intends to issue Green Bonds to finance and/or refinance assets and capital expenditure associated with economic activities that meet or will meet the eligibility criteria defined in the Green Finance Framework. This will…

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Heat Battery Technology Reaches Commercial Scale in Cement Production 

Rondo Energy and Siam Cement Group subsidiary SCG Cleanergy have begun construction of a Rondo Heat Battery (RHB), configured to convert solar power into continuous zero carbon heat at 1,000°C or higher levels for the SCG cement plant in Saraburi Province, Thailand. The unit is poised to become the world’s first heat battery for a cement operation, addressing a critical…

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