Displaying items by tag: funding

Finland: Circular materials processing equipment specialist Tana Oy has received an initial investment from the CapMan Growth Equity III fund. Other participating investors include Elo Mutual Pension Insurance Company. The new funding is intended to fuel Tana Oy's further expansion. The company said that the Kangas family remain its primary owners.

Tana Oy expects to record €65m in turnover in the 2024 financial year (1 April 2023 – 31 March 2024). It maintained over 20% year-on-year growth in turnover over multiple previous years.

Spain: Cemex España plans to install a new tertiary mill in its Alicante cement plant’s refuse-derived fuel (RDF) line. The project, called Molentis, is scheduled for completion in early 2025 and will cost €6m. The Molentis upgrade will help the Alicante cement plant to raise its RDF substitution rate by 8%, according to the producer. This in turn will reduce its CO₂ emissions by 6700t/yr. The Spanish Ministry of Industry, Energy and Tourism granted €4.4m toward the project to Cemex España under its Innovation and Sustainability Plan.

Cemex España director of operations Benjamín Cabrera said "Molentis will enable us to advance towards climate neutrality and position the Alicante factory at the forefront of new technologies in the decarbonised industry."

Spain: Cemex España has secured Euro4.4m in EU funding for an upgrade to its Alicante cement plant in Valencia. The project will launch the use of Clyngas synthetic gas as alternative fuel (AF) at the plant. Thermochemical conversion specialist WtEnergy, a subsidiary of Cemex Ventures, will supply the syngas. The partners say that this upgrade will reduce CO₂ emissions by 400,000t per decade.

Parent company Cemex said "This project is part of Cemex’s Future in Action programme, which seeks to achieve sustainable excellence through climate action, circularity and natural resource management, with the primary objective of becoming a net-zero CO₂ company."

Egypt: Cemex has signed a three-year cooperation protocol with VeryNile. Local press has reported that VeryNile is in the process of expanding its waste collection capacity. Through the partnership, the cement producer will provide finance for VeryNile's waste collection equipment purchases and cover its operating costs.

UK: The Mineral Products Association (MPA) has announced the successful completion of a trial of cement production using a net-zero fuel mix consisting of hydrogen and refuse-derived fuel (RDF) at Hanson’s Ribblesdale, Lancashire, cement plant. The RDF in the mix consists of meat and bone meal (MBM) from the food industry and glycerol from biodiesel production.

Increased alternative fuel (AF) substitution is one of seven key levers in the MPA’s Roadmap Beyond Net Zero emissions reduction strategy. The association says that the fuel will eliminate 180,000t/yr of CO₂ emissions from the Ribblesdale plant’s operations when fully implemented. The project received Euro3.71m in government funding.

Hanson’s environmental sustainability manager Iain Walpole said “We are delighted to be involved with this world-leading project, which is a further example of our commitment to cutting CO₂ emissions.” He added “It will also contribute to our ambition of supplying net zero carbon concrete by 2050.”

Canada: The Alberta Climate Leadership Plan has allocated US$7.5m for the Lower Carbon Fuels Project at Lafarge Canada’s Exshaw cement plant. The funding is part of a total of over US$50m that will be distributed to 11 projects in the Province. Projects were selected and funded through Emissions Reduction Alberta (ERA), an organisation that accelerates the development and demonstration of emissions-reducing technologies.

“This multi-partner, multi-site research project will help Lafarge Canada better understand the environmental benefits of introducing lower-carbon fuels at the Exshaw Cement Plant. The Exshaw low-carbon fuels project will go a long way in helping us reach our ambitious corporate goal to produce 40% less net CO₂/t of cement by 2030. This support from ERA helps us move this project forward. We hope that any positive results or lessons learned will encourage others in our industry to do the same, giving this investment a greater, far-reaching impact,” said Kate Strachan, plant manager at the Lafarge Exshaw Cement Plant.

The project at Exshaw involves studying the use co-processing alternative fuels to replace the use of natural gas. Technologies for fuel handling, processing, and injection will be installed at the site to replace 50% of its natural gas use. The implementation at Exshaw will be supported by development of a waste and fuel processing facility in Calgary. Eight fuel types will be examined including construction renovation and demolition waste, non-recyclable plastic, carpet and textiles, shingles, treated wood products, wood products, rubber and tire fluff.