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The company announced the pricing of its previously announced offering of US$125 million aggregate principal amount of additional 7.875% Senior Secured Green Notes due 2027.
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.
This provides prime access to built environment startups for early adoption of cutting-edge technologies across Holcim operations.
Cemex joins the CCS+ Initiative, aiming to scale climate technologies by developing a robust carbon accounting infrastructure that promotes environmental integrity.
The company has announced the appointment of Jorge Mario Velasquez, Irene Moshouris, and Juan Esteban Calle to the Summit Materials Board of Directors.
With this partnership, Votorantim Cimentos intends to increase renewable energy consumption in Brazil to 75%, strengthening its decarbonisation strategy and increasing its competitiveness.
Lafarge Canada announced its combined effort with nidus3D in supplying its OneCem low-carbon cement in Canada’s largest 3D-printed housing project.
Summit Materials has completed its US$3.2 billion combination with Argos North America Corp.
CarbiCrete has announced that NGen will provide funding for the integration of CarbiCrete's cement-free concrete technology into a masonry plant in Port Colborne, Ontario.
Approximately 98.8% of the votes cast at the Special Meeting of Stockholders voted to approve a proposal to issue 54 720 000 shares of Summit's Class A common stock to Cementos Argos.