US cement news

Fourth Quarter earnings per share increased by 89% and the Company's Gross Profit Margin expanded 550 bps.

With the capacity to generate 20 MW of clean electricity, the project is designed to offset a significant portion of Monarch’s energy consumption.

Under the agreement, Eco Material will harvest more than 700 000 tpy of stored ash from the plant.

The agreement leverages MAN's expertise in compressor technology and system integration, as well as Aker Carbon Capture's proven amine technology and carbon capture products.

This initiative will pave the way for lower cost carbon capture in the cement and industrial sectors.

The transaction will generate a profit of approximately US$1.2 billion, which will be recorded in Cementos Argos' financial statements during the first quarter of 2024.

Greentown Labs and Saint-Gobain have announced six startup participants for Greentown Go Build 2023 – a programme focused on accelerating startup-corporate partnerships to advance circularity and decarbonisation.

Hoffman Green has announced the signing of an agreement with a partner, defining the main points of an exclusive licensing agreement to build several Hoffmann units in Florida.

With renewable energy initiatives implemented or on the way, Holcim will power 45% of operations with renewable energy.

GCC plant in Odessa, Texas receives third clinker production line.