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Vicat holds Climate Strategy meeting

Published by , Deputy Editor
World Cement,

Vicat recently held an information meeting, or Capital Markets Day, at its headquarters in L'Isle d'Abeau, France, dedicated to its Climate Strategy, followed by a visit to the Montalieu cement plant.

During the presentation, the Vicat Group reiterated its 2030 emissions targets and reaffirmed its ambition to achieve carbon neutrality in the value chain of its products and services by 2050.

The group also presented the solutions currently being implemented to reach its 2030 objectives and the various projects planned to enable it to achieve its 2050 ambition, including projects for the production of hydrogen through CO2 recovery, such as HYNOVI and Genvia in particular.

Finally, the Group underlined that that more than 2/3 of its EBITDA is currently generated by eight plants in Europe and the United States, where investments to achieve the best decarbonisation standards are limited. It also specified that, in countries where carbon regulations are in the making, its industrial facilities are among the most modern and competitive in each of the markets where it operates. Therefore, the amount of investments required to finance the transition of its industrial base to meet its 2030 objectives have been estimated at €800 million over the period 2021 to 2030.

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