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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Cement Producers Dominate Heavy Industries Benchmark CO2 Reduction Survey

World Benchmarking Alliance’s (WBA) inaugural Heavy Industries Benchmark ranks 34 cement, 45 steel and 12 aluminum producers on carbon dioxide emissions reduction metrics. Four of the top five are cement producers Cemex, CRH, Holcim and Heidelberg Materials, all with major North American market positions. Three other multinationals – Votoratim Cimentos, Asia Cement and Siam Cement – along with one aluminum…

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Panel Measures Cement Industry’s CCUS Infancy, Future

A Portland Cement Association (PCA) panel on carbon capture, utilization and storage (CCUS) offered 2024 IEEE-IAS/PCA Cement Industry Conference participants updates on process technologies, IRS 45Q Carbon Oxide Sequestration Credits, private or public capital expenditure funding mechanisms, and carbon dioxide emissions management studies or projects for Central Plains Cement Co., Heidelberg Materials North America and Holcim US. 

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