● CHF 100m investment in waste heat recovery across six sites in India to reduce 0.5 million tons of CO2 emissions per year
● Thermal heat electricity part of reducing energy-related emissions by 65% by 2030
● Builds on company’s partnerships with power producers worldwide to accelerate use of renewable energy
Holcim announces its CHF 100m investment in India in waste heat recovery systems to accelerate its net zero journey. This investment across six sites will be completed in the next two years, doubling Holcim’s waste heat recovery systems, which use thermal heat to produce decarbonized electricity.
As part of its net zero roadmap, Holcim aims to reduce its scope 2 emissions by 65% by 2030 compared to its 2018 baseline. This objective will be delivered through a number of measures, from waste heat recovery to investing in renewable energy. Scope 2 includes indirect emissions from the generation of purchased electricity consumed in the company’s owned or controlled equipment.
The company is also actively partnering with power producers worldwide to install renewable energy facilities across its sites and increase its share of renewable energy from the grid. For example, Holcim has installed wind turbines at its Paulding plant in the United States that eliminate at least 9,000 tons of CO2 annually. In Argentina, over 30% of electricity comes from renewable sources. Most recently in Leffe, Belgium, the company is setting up a wind power plant that will supply more than 75% of its quarry’s electricity.
Magali Anderson, Chief Sustainability Officer, says: "On our net zero journey, we set ourselves an ambitious scope 2 target. I am very excited to see India leading the way by investing CHF 100m in waste heat recovery. This major step forward builds on our procurement teams’ work in renewable energy."
“Procurement plays a key role in Holcim’s climate action. That’s why we are engaging in a number of renewable energy partnerships around the world to install wind turbines and solar panel farms to power our sites. In addition, we are purchasing energy from renewable sources wherever it is feasible,” adds Mario Gross, Chief Procurement Officer.
As the world’s global leader in building solutions, Holcim is reinventing how the world builds to make it greener and smarter for all. On its way to becoming a net zero company, Holcim offers global solutions such as ECOPact, enabling carbon-neutral construction. With its circular business model, the company is a global leader in recycling waste as a source of energy and raw materials through products like Susteno, its leading circular cement. Innovation and digitalization are at the core of the company’s strategy, with more than half of its R&D projects dedicated to greener solutions. Holcim’s 70,000 employees are committed to improving quality of life across more than 70 markets through its four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Important disclaimer – forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.