Monday, April 10, 2017

Cemex unit, Chinese firm ink plant deal

By: Doris Dumlao-Abadilla - 12:20 AM March 30, 2017

A unit of cement-maker Cemex Holdings Philippines Inc. has signed an agreement with Sinoma Energy Conservation Ltd. of China to build and operate a 4.5-megawatt (MW) waste-heat-to-energy (WHTE) facility in Naga, Cebu.
In a disclosure to the Philippine Stock Exchange on Wednesday, Cemex announced that the WHTE deal had been signed by its subsidiary, APO Cement Corp.
The power facility will be able to capture excess heat from the cement plant’s kiln and convert it into usable energy. This is expected to generate 25,000 megawatt-hours annually.
“Promoting energy efficiency is one of Cemex’s objectives in advancing resource generation best practices. We are delighted to see the good results of our partnership with Sinoma since the successful construction of the first WHTE project in one of our plants,” said Cemex Philippines president Pedro Palomino.
 “We are pleased to be working with Cemex once again and we are positive that the upcoming project will contribute significantly to Cemex’s operations,” said Zhang Qi, Sinoma-EC chair.
APO Cement operates as a building material supplier and cement producer. It has a plant in Cebu, founded in 1921, which produces Pozzolan and Portland cement under the APO Cement brand.
Cemex said it would continuously seek to improve its performance as an “efficient, agile and innovative” company by identifying, sharing and implementing best practices across its global network of plants and facilities.

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