Holcim is investing in SaltX Technology, a Swedish company specializing in the electrification of industrial processes. The collaboration with SaltX aims to establish the world’s first plant for all-electric cement production.
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Officials of Amrize gathered at the New York Stock Exchange to mark the company’s spin-off from Holcim and open the June 23 session trading.
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In a vote tally of 99.75%, Holcim shareholders approved a proposed spin-off of U.S. and Canadian cement, aggregate, concrete, asphalt and roofing product operations at its annual general meeting.
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Upon the execution of a planned spin-off, Holcim’s North American business will be named Amrize. As an independent public company, it will be North America’s leading building solutions company from foundation to rooftop.
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Holcim Chairman Jan Jenisch is the designated chief executive officer of a proposed Holcim North America spin-off business, scheduled for launch by mid-2025 with shares traded on the New York Stock Exchange.
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The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced $101 million in federal funding for five projects to support the development of carbon dioxide capture, removal, and conversion test centers for cement manufacturing facilities and power plants.
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The parent company of Holcim US and Lafarge Canada cites progress on a full capital market separation plan, or spin-off, that will net a Holcim North America listing on the New York Stock Exchange.
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Certain fossil fuel power units at the Holcim Detroit cement blending and distribution terminal will give way to battery electric alternatives, thanks to the producer’s participation in a Detroit/Wayne County Port Authority program supported by a $21.9 million Environmental Protection Agency grant.
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Holcim and Amazon’s Climate Pledge Fund are investing in startups 14Trees and Paebbl to advance sustainable building.
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Holcim, the parent company of Holcim US and Lafarge Canada, invested in low-carbon cement tech startup Sublime Systems to expand its range of engineered solutions to decarbonize construction.
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