HeidelbergCement plans world's first CO2 neutral cement plant in Sweden [Reuters]
HEIDELBERGCEMENT UNSP/ADR (HDELY)
NASDAQ:AMEX Investor Relations:
heidelbergcement.com/en/investor-relations
Company Research
Source: Reuters
FRANKFURT (Reuters) - HeidelbergCement, the world's second-largest cement maker, on Wednesday said it plans to turn its Swedish factory in Slite into the world's first CO2-neutral cement plant by 2030 via carbon capture technology. “We want to be the pioneer on the path to CO2 neutrality in our industry,” Chief Executive Dominik von Achten told Reuters. “It is important that we are not only setting decarbonisation targets but implement concrete projects and gain speed.” Following the planned retrofit, which will cost at least 100 million euros ($122 million), the plant will be able to capture up to 1.8 million tonnes of carbon dioxide per year, which corresponds to the site's total emissions. The company's announcement comes a week after a court ordered oil major Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts, in a sign that environmental pressure on large corporations intensifies. While HeidelbergCement will bear some of the costs for the upgrad
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