Compagnie de Saint-Gobain Acquisition
14 März 2024 - 8:13AM
RNS Regulatory News
RNS Number : 8433G
Compagnie de Saint-Gobain
14 March 2024
SAINT-GOBAIN accelerateS in
construction chemicals and supports the development of BREAKTHROUGH
DECARBONIZATION TECHNOLOGIES
Saint-Gobain Construction Chemicals is expanding its efforts to deploy new additives for low-carbon cement and
concrete. These low-carbon technologies open up tremendous
opportunities for co-development with new partners in fast-growing
markets and to accelerate Saint-Gobain's profitable growth in
construction chemicals.
Two partnerships illustrate this
move:
- Saint-Gobain has
participated in the fund raising of
Fortera, a start-up that has
developed a process for making low-carbon cement by recycling
CO2 emitted during production. Cement production
currently accounts for around 8% of the world's annual
CO2 emissions. By investing in Fortera, through NOVA,
its venture capital activity, Saint-Gobain is supporting
cutting-edge technologies that curb CO2 at source.
Founded in 2019, Fortera has developed a groundbreaking technology
that integrates with existing cement plants, leveraging their
limestone resources. Through the patented
ReCarb™ process, Fortera is
able to mineralize CO2, reducing direct carbon emissions of existing
cement plants by 70%. This paves the way to net zero
carbon cement production (scope 1 and 2) when the process is
combined with green energy sources.
- As a shareholder, the
Group also supports Ecocem,
European leader in low-carbon cement technologies, in its
development and marketing of new cement technologies for
large-scale application. Its groundbreaking ACT technology, compatible with all
supplementary cementitious materials (SCMs) has just obtained a
European Technical Assessment. Based on published environmental
product declarations, the carbon footprint of the ACT product has
been assessed to be 70% lower than
the carbon footprint* of an average CEM II cement sold
within the European market.
These developments are in line with
Saint-Gobain's "Grow &
Impact" strategy aiming to both strengthen the Group's
leadership and accelerate its growth by enriching its range of
solutions for light and sustainable construction.
* Life Cycle Assessment (LCA)
indicator "total Global Warming Potential" (GWP) assessed from
cradle to gate - based on the following published 3rd
party verified Environmental Product Declarations (EPD):
https://cembureau.eu/media/f2ubx2lk/epd-for-cement-cem-ii.pdf;
https://www.mrpi.nl/epd-files/epd/1.1.00486.2023_MRPI-EPD_ACT%201%20_FINAL.pdf
About Saint-Gobain
Worldwide leader in light and
sustainable construction, Saint-Gobain designs, manufactures and
distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of
public and private buildings, light construction and the
decarbonization of construction and industry are developed through
a continuous innovation process and provide sustainability and
performance. The Group's commitment is guided by its purpose,
"MAKING THE WORLD A BETTER HOME".
€47.9 billion in sales in 2023
160,000 employees, locations in 76 countries
Committed to achieving net zero carbon emissions by
2050
For more information about
Saint-Gobain, visit www.saint-gobain.com and follow us on
X @saintgobain
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