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Denmark launched its first CO2 storage reservoir

GreensandCO2

The Greensand carbon capture and storage (CCS) project in Denmark is the world’s first cross-border offshore CO2 storage reservoir. From 2025 about 0.4 Mta CO2 shall be stored in the Nini West reservoir in the North Sea, 1800m below the…

Siam Cement Group suspends operations in Myanmar

SCG MawlamyineCement

Myanmar’s largest cement producer Siam Cement Group (SCG) from Thailand suspends its operations in the country due to several reasons. In recent years, SCG has become the leading cement provider in the country with commissioning the 1.8 Mta greenfield plant…

CRH Group expands in the Ukrainian cement sector

Dyckerhoff YuGCement

Ukrainian’s Antimonopoly Committee (AMCU) has approved CRH Ukraine’s acquisition of over 50% of the voting shares in Dyckerhoff Ukraine. However, AMCU outlined prerequisites for the acquisition, which involve the divestment of 25-28% of the shares to an independent investor, alongside…

Türkiye’s Çimsa to acquire UK’s Mannok business

Mannok Scotchtown cement works

Türkiye’s Çimsa, a subsidiary of Sabancı Holding, reached an agreement to acquire 94.7% of UK’s Mannok for an overall enterprise value of €330 million. The local Mannok’s (formerly the Quinn Group) leadership team will retain a 5.3% interest. Under the…