CEMEX inks deal with SINOMA for establishment of energy-efficient technology in Apo Cement Plant
CEMEX Holdings Philippines, Inc. ("CHP") (PSE: CHP) announced that its subsidiary APO Cement Corporation signed on March 23, 2017 an agreement with Sinoma Energy Conservation Ltd. of China to build and operate a waste-heat-to-energy (WHTE) facility. The 4.5-Megawatt power facility will have the capacity to capture excess heat from the cement plant’s kiln and convert it into usable energy. This technology is expected to generate 25,000 megawatt hours annually.
The WHTE facility is expected to mitigate the negative effects of power service interruptions, help reduce dependence on high-cost power sources, and reduce the cement plant’s carbon footprint.
“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 Pedro Palomino, President of CEMEX Holdings Philippines.
“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 Chairman.
CEMEX continuously seeks 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. The company’s industry-best processes allow it to satisfy the needs of its customers while using the optimal amount of resources, thus creating the most value.
CHP is one of the leading cement producers in the Philippines, based on installed annual capacity. CHP produces and markets cement and cement products, such as ready-mix concrete and clinker, in the Philippines through direct sales using its extensive marine and land distribution network. Moreover, CHP’s cement manufacturing subsidiaries have been operating in the Philippines for over 17 years with well-established brands, such as "APO," "Island," and "Rizal," each of which has a multi-decade history in the country.
CHP is an indirect subsidiary of CEMEX, S.A.B. de C.V., one of the largest cement companies in the world based on annual installed cement production capacity. The shares of CEMEX, S.A.B. de C.V. are listed on the Mexican Stock Exchange and the New York Stock Exchange.
For more information on CHP, please visit website: www.cemexholdingsphilippines.com.
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. CHP assumes no obligation to update or correct the information contained in this press release.