Taiwan Cement recently held a press conference to announce that it will expand its investment in low-carbon cement markets in Europe, Asia and Africa with a maximum amount of NT 26.6 billion yuan (equivalent to about RMB 6.05 billion yuan), and intends to increase its shareholding in Turkey's OYAK Cement Joint Venture Company from 40% to 60%. The stake in Portugal's Cimpor Cement Joint Venture increased from 40% to 100%. The expansion of the shareholding is mainly focused on OYAK and Cimpor's low-carbon cement R & D and production technology, and is expected to complete the transaction process by the end of the first quarter of 2024.
This time, Taiwan Cement expanded its shareholding, mainly focusing on OYAK Cement and Cimpor Cement, two companies leading the world's low-carbon cement research and development and production technology. Zhang Anping, chairman of Taiwan Cement, said that companies that do not understand carbon will not be able to survive in the future, and low carbon is absolutely an international market.
Cement is one of the most difficult industries to reduce carbon emissions, accounting for 8-9% of global anthropogenic carbon dioxide emissions. At present, carbon neutrality has become a global consensus, and the cement industry, as a "big carbon emitter", bears the solemn mission of green and low-carbon development. At the same time, the long-term competition of cement industry is the competition of energy consumption level. The ability of energy saving, carbon reduction, cost reduction and efficiency enhancement has become the key to enhance the comprehensive strength and market competitiveness of cement enterprises. OYAK owns 7 cement plants, 11 clinker production lines, 2 white cement production lines, 67 concrete plants, 50 shipping stations and 1 port
in Turkey. In recent years, OYAK has actively developed alternative fuel and alternative clinker use technologies to reduce carbon emissions. The calorific value substitution rate of Aslan plant in Turkey is as high as 61%, fully implementing the goal of reducing the use of fossil fuels.
Turkey is located in the hub of Europe, Asia and Africa, and its low-carbon products are sold to the European Union. The World Bank estimates that Turkey will need to invest 500 billion US dollars to strengthen the seismic capacity of existing buildings and 100 billion US dollars to rebuild earthquake-damaged buildings, and the demand for cement will increase greatly. Cimpor, a Portuguese cement company jointly owned by
Taiwan Cement and OYAK, has built the world's only two commercial cement plants using 90% biofuels in Cameroon, Africa, and Cimpor's cement plant in Cote d'Ivoire has built the world's first large-scale production base for calcined clay cement. Compared with traditional cement, it reduces carbon emissions by 40%.
Taiwan Cement pointed out that imported cement accounts for a certain proportion of the European cement market for a long time. In the future, the European Union will implement the carbon border tax adjustment mechanism (CBAM). Whether local cement or imported cement, low carbon will become the main competitiveness to enter the European market. It is believed that by increasing investment in OYAK cement and Cimpor cement, Taiwan Cement is expected to become one of the few major suppliers of the lowest carbon cement in the world in the future, with high carbon competitiveness.
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