Connect with us

Hi, what are you looking for?


Holcim Philippines allots P121.5M to improve alternative fuel processing facility

HOLCIM PHILIPPINES, Inc. has invested P121.5 million until 2022 to improve the alternative fuel processing facility at its cement plant in Norzagaray, Bulacan.

In a regulatory filing on Thursday, the company said the amount aims to improve the efficiency of its shredding operations that turn qualified waste materials to alternative fuels, establish new equipment, and upgrade storage and feeding facilities in its cement plant.

Holcim Philippines said the improvements will let its waste management unit support the company’s Bulacan plant in using more post-consumer and municipal solid wastes as alternative fuels, rather than coal.

According to the company, it has been using qualified wastes such as non-recyclable plastics and biomass as alternative fuels in cement manufacturing since 2003, which is converted via co-processing technology.

“In co-processing, qualified waste materials are pre-processed as alternative fuel and fed into the high-temperature kilns along with other traditional fuels to produce cement,” the company said.

“This process transforms wastes to alternative fuel and converts these into energy for cement production,” it added.

Holcim Philippines President and CEO John Stull said its waste management unit has helped communities and business partners in handling their wastes, while enabling the company to produce building materials with a more cost-efficient and environment-friendly method.

“This investment ensures we can continue being a reliable partner in the country’s sustainable development, while also meeting our objectives of making our operations more efficient and respectful of nature,” Mr. Stull was quoted as saying.

In 2020, Holcim said it had co-processed around 130,000 tons of qualified wastes from local governments, industry partners, and agricultural processors in its plants in Luzon and Mindanao.

On Thursday, shares in Holcim Philippines at the stock exchange dropped 0.84% or six centavos to end at P7.12 apiece. — Revin Mikhael D. Ochave

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!


Editor’s Pick

Sales at Halfords shifted up a gear in the last quarter of 2020 as the bikes-to-car parts retailer rode a lockdown cycling boom. Its...


The Philippines’ dollar reserves reached a new all-time high as of end-2020, the central bank said on Friday. GROSS international reserves (GIR) — which...


More than 50 private sector groups are urging lawmakers to immediately enact a bill that would cut corporate income tax and streamline fiscal incentives....


After securing $13.36 billion in loans and grants from foreign sources to finance its pandemic response last year, the government is now seeking to...


Over 30,000 personnel will be needed in the government’s rollout of mass vaccinations against the coronavirus disease 2019 (COVID-19). If the initial rollout of...


The Supreme Court (SC) on Friday announced that oral arguments on petitions against the Anti-Terror Law that were to be held next week have...

You May Also Like

When people envision technology overtaking society, many think of The Terminator and bulletproof robots. Or Big Brother in George Orwell’s Nineteen Eighty-Four, a symbol...

Financial Advisors

Stock Markets9 hours ago (Jul 02, 2020 04:45AM ET) (C) Reuters. ROME (Reuters) – World food prices rose in June to post their first...


SAN FRANCISCO — The spread of the coronavirus has meant feast or famine for technology start-ups. While many are cutting staff and slashing costs...


In Wisconsin and Ohio, farmers are dumping thousands of gallons of fresh milk into lagoons and manure pits. An Idaho farmer has dug huge...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Respect Investment. All Rights Reserved.