Displaying items by tag: Finance
Brazil: Votorantim Cimentos has secured a US$150m loan from the International Finance Corporation for an upgrade to its Salto de Pirapora cement plant in São Paulo. The producer aims to increase the alternative fuel (AF) substitution rate at the 4.8Mt/yr plant, and reduce its CO2 emissions. It says that the loan is tied to sustainability performance indicators (SPIs), based on the reduction in the plant’s Scope 1 CO2 emissions.
Egypt: Cemex has signed a three-year cooperation protocol with VeryNile. Local press has reported that VeryNile is in the process of expanding its waste collection capacity. Through the partnership, the cement producer will provide finance for VeryNile's waste collection equipment purchases and cover its operating costs.