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Shaanxi Qinling Cement Group raises share in waste management company
Written by Global Cement staff
22 July 2016
China: Shaanxi Qinling Cement Group is to buy a 34% stake in a waste management company based in Shandong. The transaction is valued at US$6.1m, according to Reuters. Following the purchase the cement producer will indirectly own a 90% stake in the company.
Ecoltec rebrands as Geocycle Mexico
Written by Global CemFuels staff
21 July 2016
Mexico: Ecoltec has rebranded as Geocycle Mexico as part of an exercise to unify the brand globally. The company will maintain its commitment to offer management solutions.
“We believe in a cleaner and healthier world without waste, a place where we can all reduce our environmental footprint. With Geocycle, we provide industrial companies and municipal governments with sustainable solutions for the proper management of waste,” said Miguel Ladrón de Guevara, Director General of Geocycle Mexico.
Geocycle, part of the LafargeHolcim Group, focuses on managing waste for co-processing at cement plants. The company has 2000 employees in 60 countries on five continents, which includes 188 co-processing facilities and 10,000 clients worldwide. It contributes to LafargeHolcim’s sustainable development vision, whose goal is to double the percentage of alternative fuels in its energy mix by 2020, which would mean a reduction of more than 30Mt of CO2 worldwide.
Awbud signs deal with LafargeHolcim
Written by Global CemFuels staff
21 July 2016
Poland: Awbud has signed a deal worth Euro2.85m with LafargeHolcim to build an alternative fuel warehouse and an office building. The deal follows another agreement signed between the companies for an ash-separation installation at Elektrownia Siekierki power station, in which LafargeHolcim has a 30% stake.
Morocco stops importing waste from Italy
Written by Global CemFuels staff
18 July 2016
Morocco: The Moroccan government has stopped importing waste from Italy following protests by environmentalists. The row followed reports in local media that Lafarge Maroc imported 2500t of solid recovered fuel from Campania, Italy.
The government first tried to calm tensions over the issue by pointing out that the waste is being used as a fuel, follows international standards and is not the first shipment of its kind. However, it then buckled to public pressure and stopped imports of waste pending an investigation. Morocco previously agreed a three-year deal with Italy to import 5Mt of waste to its El Jadida region, according to AfricaNews.
Everbright buys Novago for Euro123m
Written by Global CemFuels staff
28 June 2016
Poland: China Everbright International Limited has purchased waste management company Novago for Euro123m including a Euro118m equity purchase and a Euro5m land bank. Everbright lauded the buy as the largest Chinese acquisition in the environmental industry in Central and Eastern Europe and part of China’s One Belt One Road initiative.
“This acquisition serves as an important platform for Everbright International’s overseas development strategy and a solid foundation with strategic significance laid for future expansion in the Central and Eastern Europe market. The business can be further expanded by integrating the group’s advanced waste-to-energy technology and Novago‘s abundant local expertise,“ said Chen Xiaoping, chief executive officer of Everbright. He added that he hoped to bring Novago’s success back to China.
Established in 1992, Novago is the largest independent waste treatment company in Poland. Its business portfolio includes production of refuse-derived fuel (RDF), municipal waste treatment, waste recycling and landfill for biogas production and biogas cogeneration. It holds over a 30% market share in the Warsaw and Olsztyn provinces.
The transaction is conditional upon the issuance of merger clearance by the Poland’s Office of Competition and Consumer Protection.