LafargeHolcim invests more than 90M EUR in waste heat recovery systems in India

LafargeHolcim invests more than 90M EUR on waste heat recovery systems in India

• 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

(PRESS RELEASE) ZUG, 3-Dec-2020 — /EuropaWire/ — Global leader in building materials and solutions LafargeHolcim announces an investment of more than 90M EUR (CHF 100M) in waste heat recovery across six sites in India. This investment will reduce 0.5 million tons of CO2 emissions per year thus accelerating its net zero journey. The project will be completed in the next two years, doubling LafargeHolcim’s waste heat recovery systems, which use thermal heat to produce decarbonized electricity.

As part of its net zero roadmap, LafargeHolcim 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, LafargeHolcim 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 LafargeHolcim’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.

About LafargeHolcim
As the world’s global leader in building solutions, LafargeHolcim is reinventing how the world builds to make it greener and smarter for all. On its way to becoming a net zero company, LafargeHolcim 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. LafargeHolcim’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.
 

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SOURCE: LafargeHolcim